2009 was a difficult year for many people, businesses and nonprofits, including your credit union. We were not able to escape the effects of the recession and global economic meltdown. While the credit union remains strong and well capitalized, we have had to make some very difficult changes. In this article, we will discuss the challenges we have faced this year, and our plans to move ahead.
"The Perfect Storm"
The 2010 Common Cents nominations period has begun!
Nomination forms are available at any office, or, you can email your nomination to info@coopfed.org. Please include the organization name, a brief description of their activities, and a contact name in your email.
Nominated organizations are placed on a ballot for voting by all the membership. Voting begins at our annual meeting and runs through May.
That’s right. Cooperative Federal has joined the social networking community with a Facebook Page, and we want you to become a fan. You can use the page to stay updated on Credit Union and community happenings, find out about workshops and RSVP to them, leave comments and suggestions and connect with other Credit Union members. We can’t wait to see you there.
On Wednesday, December 10, Cooperative Federal was one of just six community development financial institutions (CDFI) from across the nation to be honored with a 2008 Wachovia NEXT Award. The awards, announced at the 2008 Opportunity Finance Network (OFN) Conference in Albuquerque, New Mexico, are among the most prestigious awards for responsible lending in the U.S.
Cooperative Federal was twice recognized in the past month for our outstanding community development programs.
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.
Syracuse's community development credit union has celebrated a major milestone:
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.
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.
Should you file a 1040A, or a 1040EZ? What's the deal with e-filing? What deductions are you entitled to--and who, oh who, can help make sense of IRS legal jargon?
Lucky for us all, the answers are out there...for free! Community organizations across the country are offering free tax preparation assistance through the Volunteer Income Tax Assistance (VITA) Program. With experts on hand to guide you, you can be sure to get (or keep!) the money you are entitled to.
Here are some Syracuse-area community centers offering these services:
Franciscan Outreach Center
800 North Salina Street
Syracuse, NY 13210
Extra day! Tuesday 4/15, 4 pm-7 pm
Walk-ins welcome
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!
