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Introducing our New Office on Burt Street!
Cooperative Federal has partnered with the Syracuse Housing Authority (SHA) to open a new branch office. The office is co-located with the housing authority’s Central Office at 516 Burt Street, where it can serve residents of nearby housing developments as well as the surrounding South Side neighborhood. On April 28, we hosted a Grand Opening Celebration to showcase the recently launched office and celebrate our collaboration with SHA.
Cooperative Federal’s Burt Street Office will help counter economic distress in the South Side community, which is currently a “bank desert.” Our credit union provides low-cost financial services, such as money orders and basic accounts, plus specialized programs to help members establish good credit, purchase cars, start microbusinesses and purchase homes. These programs, featuring flexible eligibility criteria as well as integrated financial counseling and support, are designed to help members overcome financial barriers and reach their goals.
“Our newest branch continues Cooperative Federal’s thirty-five year tradition of investing in Syracuse communities and fostering economic inclusion,” said Ron Ehrenreich, Cooperative Federal’s Treasurer/CEO and cofounder. “By bringing a full range of financial services into an area that has been largely abandoned by big banks, we will help our new neighbors access opportunities and build financial strength. We’re proud to carry this mission another step forward in partnership with SHA.”
SHA’s leadership invited Cooperative Federal to open this branch office as part of its vision for a revitalized, walkable community south of downtown. “We are excited to welcome Cooperative Federal to our building and our neighborhood,” said William Simmons, Executive Director of Syracuse Housing Authority. “Access to banking services and financial literacy is a critical element to overcoming poverty.”
Cooperative Federal is a non-profit, community development credit union founded in 1982. To date, we have invested over $135 million in Syracuse. Our mission is to rebuild the local economy in ways that foster justice, serve people and communities that are under-served by mainstream banks, and responsibly manage our members’ assets.