At the end of February, President Bush signed the Economic Stimulus Act of 2008 – a piece of legislation he described as a “booster shot” for the American economy. This legislation promises payment of at least $300 to all qualifying Americans. Here are some frequently ask questions about the Economic Stimulus Payment, including how to get it ... and how to use it!

2007 was an exciting year for Cooperative Federal. We provided high-quality services to more members across Syracuse, expanded our community development programs ... we even changed our name! Check out our 2007 Annual Report to learn all about the changes, challenges, and triumphs your credit union experienced last year.

Download (2.3mb .pdf) the 2007 Annual Report

Credit Unions are owned by members. Our job is to serve you - not to make a big profit for some outside stockholders!

The Credit Unions For You website contains resources for you, our members/owners. Especially useful are the financial calculators to plan for debt payoff, auto loans, building savings, mortgages, and more.

Repairs, organizing, odd jobs, and errands
(little to no cleaning)

Experience required

3 hours per week, weekday morning or afternoon, at the Eastside Office.

Send references and rates to info@coopfed.org, or by mail ATTN: Human Resources

The Credit Union gave $3,914 to local non-profits in 2007 through our Common Cents program. Each time you use your VISA check card, the Common Cents fund grows!
The 2008 voting period has begun! Ballots are available at any office, or online as a pdf. Ballots must be returned by May 31, 2008.

Cooperative Federal is a unique combination of a traditional credit union and a non-profit community development organization. Becoming a member of Cooperative Federal is making a choice to build our local community and to advance social justice.

Cooperative Federal Builds Community

Shaped by the concerns of an active and engaged membership, Cooperative Federal has evolved in ways that are far different from a conventional bank.

Savings are Invested Locally

You've been meaning to, but you just didn't know how to ask...

We'll make it easy for you. Now you can switch to Cooperative Federal.

With our convenient Switch Kit, it's simple to move your accounts. The kit has the forms you need to change your direct deposit, automatic withdrawals, and close your other accounts.

Open the Switch Kit (PDF)

Questions? Call us! We're glad to help. (315) 471-1116 ext. 699 for Member Service.

Central New York Credit Unions, Home HeadQuarters Landscape City Home

Syracuse, NY – On Thursday, October 18, 2007, a coalition of Central New York Credit Unions, including Cooperative Federal, landscaped a home in Syracuse’s Eastside neighborhood to commemorate International Credit Union Day. The building is home to an extended family of refugees saving up to purchase the house, which is currently managed by Home HeadQuarters, Inc.

The Landscaping Party was held on Thursday, October 18th.

Syracuse, NY --- This October, Cooperative Federal reaches a milestone as it celebrates its 25th year working for social and economic justice in Syracuse. The celebration culminated with an Anniversary celebration held at May Memorial on Friday evening, October 5, 2007. Nearly 200 members, community leaders, and local politicians participated in the event which featured dinner, dancing, and impromptu testimonials from people whose lives have been touched by the credit union.

“"Our credit union'’s success has demonstrated that ordinary people can come together to create a financial institution that meets the needs of their families and neighbors,”" said Ron Ehrenreich, co-founder and Treasurer/CEO of Cooperative Federal. "This Silver Anniversary Celebration is more than a time to look backward: it’'s a time to envision our future and our ongoing commitment to serve all the Syracuse neighborhoods that have been abandoned by for-profit, corporate banks."”

Did you come to our 25th Anniversary Bash and leave your awesome new Cooperative Federal mug behind? If so, don't worry! We can set one aside for you. Please call Christina at 471-1116 ext. 250.