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:
the Grand Opening of our third,
community-based office in Syracuse.
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.
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!
2007 was an exciting year for Cooperative Federal. We provided high-quality services to more members across Syracuse, expanded our community development programs ... we even changed our name! Check out our 2007 Annual Report to learn all about the changes, challenges, and triumphs your credit union experienced last year.
Download (2.3mb .pdf) the 2007 Annual Report
Central New York Credit Unions, Home HeadQuarters Landscape City Home
Syracuse, NY – On Thursday, October 18, 2007, a coalition of Central New York Credit Unions, including Cooperative Federal, landscaped a home in Syracuse’s Eastside neighborhood to commemorate International Credit Union Day. The building is home to an extended family of refugees saving up to purchase the house, which is currently managed by Home HeadQuarters, Inc.
The Landscaping Party was held on Thursday, October 18th.
Syracuse, NY --- This October, Cooperative Federal reaches a milestone as it celebrates its 25th year working for social and economic justice in Syracuse. The celebration culminated with an Anniversary celebration held at May Memorial on Friday evening, October 5, 2007. Nearly 200 members, community leaders, and local politicians participated in the event which featured dinner, dancing, and impromptu testimonials from people whose lives have been touched by the credit union.
"Our credit union's success has demonstrated that ordinary people can come together to create a financial institution that meets the needs of their families and neighbors," said Ron Ehrenreich, co-founder and Treasurer/CEO of Cooperative Federal. "This Silver Anniversary Celebration is more than a time to look backward: it's a time to envision our future and our ongoing commitment to serve all the Syracuse neighborhoods that have been abandoned by for-profit, corporate banks."
Effective November 15, 2007, all Saturday transactions will be posted on “next day's business.” That means when you come in to the office on Saturday, your transactions register on your account as done on Monday. (Or, if Monday is a holiday, they post on Tuesday.)
Please note that this includes loan payments. If your loan due date falls on a Saturday, please make sure that we receive your payment by Friday.