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Media Release: Cooperative Federal Celebrates 30th Anniversary

While the world discusses Occupy, Syracuse recognizes that a cooperative economy is possible.

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What:
Cooperative Federal’s 30th Anniversary Gala, “CU at the Zoo”

Description:

  • Dinner, dancing, and silent auction to benefit the credit union’s Financial Education Programs.
  • Awards to community partners and leaders including Fowler High/Syracuse City School District, Dominic Robinson (Northside UP), Kerry Quaglia (Home HeadQuarters), Lenore Sealey (CNY Works), and more.
  • Special performance by the D.R.E.A.M. Freedom Revival.
  • Two congressional candidates will be in attendance: Dan Maffei (D) and Ursula Rozum (G).
  • This is a Sold Out event, with 175+ guests registered to attend.

When:
Saturday, September 22, 2012 - 6 pm to Midnight

Where:
Rosamond Gifford Zoo (1 Conservation Place, Syracuse, NY 13204)

Contact:
Meagan Weatherby, 315-473-0206 or meaganweatherby@coopfed.org

Background and Details

In 1982, Cooperative Federal (Syracuse Cooperative Federal Credit Union) was organized by a group of local activists seeking a viable alternative to global corporate banks. Their vision was radical: divestment from the racist Apartheid regime in South Africa; fair services for low-wage workers, people of color, single women, the LGBT community, activists and part-time or nontraditional workers; a non-profit financial cooperative operated by the people and for the people.

The credit union quickly took root, outgrowing its original home inside the Syracuse Real Food Cooperative and pursuing a vision to become a city-wide force in the movement for grassroots economic empowerment. Cooperative Federal today has multiple branches, over 3,500 member households and organizations, $18.9 million in assets under management, and has invested more than $100 million in Syracuse neighborhoods in the form of home loans, microbusiness loans, and fair and affordable consumer credit. In many ways, it is a living example of the democratic, localized, “people-over-profit” economic system that is being sought by the Occupy Wall Street movement.

Cooperative Federal exists to foster economic justice, mutual aid, and reinvestment in all the neighborhoods of Syracuse, NY. As a non-profit, certified Community Development Financial Institution (CDFI – US Treasury Dep.) and a HUD Housing Counseling Affiliate, Cooperative Federal offers more than accounts and loans. They have a range of education and asset-building services including financial education, one-on-on counseling, downpayment assistance, microbusiness technical assistance, and more. The anniversary gala will recognize several key partners involved with the credit union’s community development initiatives, and all event proceeds will be used to help sustain those programs.

The anniversary event will also feature a special performance by the D.R.E.A.M. Freedom Revival, a Syracuse-based “collaborative, inclusive, and participatory political theater company” that deals with issues of exploitation, justice, democracy and activism. Learn more about the D.R.E.A.M. Freedom Revival.

Please contact Meagan Weatherby, Program Sustainability Coordinator, at meaganweatherby@coopfed.org or (315) 473-0206 to request more information, a press pass for the anniversary gala, or an interview with a credit union official. Learn more about Cooperative Federal.

Cooperative Federal is federally insured by the National Credit Union Administration and is an Equal Housing Lender.

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