~ Now Chartered ~
The New York Episcopal Federal Credit Union
WITH THANKS TO ALL WHO PLEDGED SEED FUNDS!
To Serve Low- and Moderate-Income Members
~ Operations Expected to Commence in Early 2023 ~
The National Credit Union Administration announced Nov. 10 that it has granted a federal charter and Share Insurance Fund coverage to New York Episcopal Federal Credit Union in the Bronx, New York.
“The creation of New York Episcopal Federal Credit Union means members, especially those of modest means, will now have greater access to safe, fair, and affordable financial products and services,” NCUA Chairman Todd M. Harper said. “Faith-based credit unions play a vital role in supporting their communities, and this new credit union continues that tradition. Through financial education and savings products, the organizers of New York Episcopal will put their members on a path to financial security and success. I commend the credit union’s sponsors for making their vision a reality.”
New York Episcopal Federal Credit Union will serve members, parishioners, students, and employees of the Episcopal Diocese of New York, including churches, schools, and recognized charitable organizations under the management, control, or sponsorship of the diocese or its parishes.
The credit union will focus on meeting the needs of low- and moderate-income members and providing financial education.
During its first year of operations, New York Episcopal Federal Credit Union plans to offer its members basic savings and lending services, including: