Cooperative Federal

Keeping Your Money Safe & Sound

Credit unions have been keeping their members’ savings Safe and Sound for over 150 years. Because Cooperative Federal keeps 100% of member savings right here in Syracuse, in the form of loans to other members—-not on Wall Street—-your money is as safe as ever despite the foreboding economic outlook. We are well capitalized, and have NO money invested in the stock market, Lehman Brothers, Bear Sterns, AIG, Fannie Mae or Freddie Mac. Plus, Federal insurance from the National Credit Union Administration (NCUA)guarantees that all Cooperative Federal accounts are insured to at least $250,000, and backed by the full faith and credit of the U.S. government.

Under new federal legislation, insurance from the National Credit Union Share Insurance Fund (NCUSIF) has increased from $100,000 to $250,000.
To learn more, visit the NCUA web page or ask a teller for a Share Insurance Brochure.

Want to move your money into an insured, high-yield Cooperative Federal savings certificate? Call Jack at 473-0275 or check out our great rates and terms. When you keep your savings in Cooperative Federal, you get the added satisfaction of knowing that your money is being used in a socially responsible way, right here in Syracuse.

Job Opening: Member Service Representative

We are seeking a Member Service Representative to join our dedicated team. Will perform teller transactions, open accounts, accept loan applications, and assist members. Experience required. Bilingual a plus. Benefits, EOE.
To apply, please email your resume to hr@coopfed.org

Job Opening: Loan Officer

Cooperative Federal is seeking a loan officer to join our dedicated team of community activists posing as bankers! Job duties will include interviewing, processing, and analyzing loans. FT or PT. Small business or mortgage background strongly preferred. Bilingual a plus. Please email resumes to hr@coopfed.org.

"People Helping People" to Celebrate Credit Union Week 2008

On Wednesday, October 15, 2008, a coalition of Central New York Credit Unions landscaped a home in Syracuse’s Near West Side neighborhood to commemorate International Credit Union Week. The beautified home, located at 166 Grace Street in Syracuse, has been renovated by Home HeadQuarters, Inc. and will soon be sold to a low-to-moderate income, first-time homebuyer.

Loan Specials

Paying huge interest rates for your car loan?

If you have an auto loan from another financial institution, you can refinance at our special low rates. You can even win a $200 gas card!

Rates as low as 4.45% APR*.
Call Patricia at 473-0212.

Sick of Owing Big Bucks to Big Banks?

Cancel your credit card debt and pay less in interest with a debt consolidation loan from Cooperative Federal. Go ahead, stick it to the man.

Rates as low as 6.45% APR*.
Call Greg at 473-0230.

Thinking about Home Improvements?

Give your home some TLC, or invest in an energy-efficiency boost. You can get a low-cost loan for a new roof, replacement windows, solar panels... or any other pet project you've be dreaming about.

Rates as low as 4.95% APR* for 36 months.
Call Greg at 473-0230.

*Annual Percentage Rates. Rates are based on credit score, payment method, length of loan, downpayment amount, and collateral value.

Northside Office Now Open!

Our third full-service branch is located on the Northside, minutes from downtown!

800 N Salina St
at the corner of Salina and Catawba

Open Monday - Friday, 12:00 - 6:00 PM

Call 473-0280 for Member Service

Grand Opening in October! More details coming soon

Loan fund for minority and women contractors

On Friday, September 12, the mayor's office announced a new loan fund for minority and women contractors, in partnership with your credit union, Cooperative Federal.

The city is working with Cooperative Federal to establish the fund. The program aims to help minority and women contractors in the city sustain and expand their businesses by providing short-term, work-capital loans.

Apply for a College Scholarship!

Calling all high school seniors! Cooperative Federal and the Credit Union Association of New York are offering credit union members a chance to win either a $1,000 or $500 college scholarship. To apply, download and print the application here or pick one up at any of our offices.

Once the application is completed, you can drop it off or mail it to any one of our offices. (Please clearly label the package "2009 Scholarship Program Attn: Thom Dellwo.") Applications must be received on or before January 23, 2009.

In Case of Emergency

If the Credit Union is ever forced to close due to an emergency (fire, weather, hailstorm, etc.) information will be posted on this website. We will also notify local radio and television stations. In addition, you can call 1-877-CULOCATE for information and updates during an emergency.

Membership Meetings - Let's Get Together!

Getting together just once a year isn’t enough.

At the Annual Meeting, members asked many thoughtful questions – so many that we ran over on time! We’d like to give you the chance to ask questions more than once a year, and to find out more about projects and plans for our credit union’s future.

But what’s the best way to do that?
We are proposing Membership Meetings, once every quarter: hour-long gatherings of board, staff, and members to have Q&A sessions and share information on new initiatives or plans.