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About Cooperative Federal

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.

Financial Statements are available online here.

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

The combined savings of members are invested in the form of loans to members, members' small businesses, and community organizations. Unlike a commercial bank, Cooperative Federal does not take your savings to finance moving local businesses and jobs away.

A Community Development Credit Union

Cooperative Federal is deeply involved in efforts to revitalize our community, in cooperation with several partners. The Credit Union works to create a better future while helping members build better lives now.

For Social Justice

Friendly and Fair

At Cooperative Federal you are treated like a person, not a number. Services are designed by members. Account and loan terms are fair, member-oriented, and straightforward.

Servicios Bilingues

Syracuse Cooperative Federal Credit Union strives to meet all the financial needs of Syracuse’s burgeoning Latino population. All of our services are available in English and Spanish!

We have worked since 1993 to provide to those whose first language in Spanish, and now have nine staff members fluent in English and Spanish. Our Spanish language capacity is greater than any financial institution in the area.

For Justice

Committed to eliminating racism & discrimination, Cooperative Federal has a history of activism. The credit union was the first local financial institution to divest from Apartheid South Africa & the only one to send aid to the blockaded Oka reservation.
To overcome historic patterns of discrimination in access to business capital by the banking establishment, we offer special loan terms for businesses owned by women, minority-owned businesses, and cooperative and nonprofits.

For Equality

Women play key roles in this credit union — as directors and managers and in lending decisions — more than any bank in Syracuse. Policies and practices reflect this involvement. Involving everyone means serving everyone, not just the “good old boys.”

Each for All

Cooperative Federal serves all its members fully. Age, gender, income, sexual orientation, national or ethnic origin, disability, unconventional lifestyle or work situation is no barrier to the credit union's best efforts.


Cooperative Federal recycles or reuses everything to the maximum possible extent.

Members Run the Credit Union

Cooperative Federal is owned, operated, and governed by its members. There are no other owners. Choose a financial institution where the ownership structure is designed to serve your needs, not the needs of a handful of big investors or corporate owners.

Cooperative Federal accounts are federally insured by NCUA Cooperative Federal is an Equal Housing Lender
Cooperative Federal is an equal housing lender
Cooperative Federal accounts are federally insured by NCUA