Closed May 1 in Celebration of International Workers Day


Graphic from www.cstpdx.com/

The Credit Union is closed on Thursday, May 1, International Workers Day.

La Cooperativa está cerrada jueves, el 1ro de Mayo, para el Día Internacional del Trabajador.

May Day, May 1, is International Workers Day. This credit union may be the only financial institution in the U.S. to close for May Day, but we're not alone. Thousands of credit unions around the world will be closed for May Day, and for good reason. Credit Unions are part of the movement to empower ordinary people. It is this movement that May Day celebrates.

Sign Up for eStatements!

Want to avoid clutter and reduce waste? A greener option is just a few clicks away.

Give the gift of Opportunity

Tired of giving useless gifts, year after year? Especially during tough economic times, choose a gift that really counts -- a Financial Advising Gift Certificate.

Your friends and loved ones can meet one-on-one with a Cooperative Federal financial advisor, to discuss goals such as homeownership, starting a small business, credit building, debt consolidation, and more.

Matched Savings Program

Cooperative Federal provides low- and moderate-income members with opportunities to build assets and achieve financial goals, using "Individual Development Accounts," or "IDAs." We offer IDA for 4 different purposes:

  • First-Time Homebuyer IDA: Up to $9,500 in downpayment and closing cost assistance for people who are buying a home for the first time, or who have not owned a home in the last 3 years.
  • Small Business IDA: Up to $2,000 in grants for working capital to help start or expand a small business.

Cooperative Federal recognized with Social Responsibility Awards

Cooperative Federal won the 2010 Dora Maxwell Social Responsibility Award from the Credit Union Association of New York State, and won the 2nd place nationwide award from the Credit Union National Association.

We were nominated by the CNY Chapter of Credit Unions, in recognition of our services that help individuals left behind by big banks.

We were given the award based on the success of three main programs:

· PRIDE Loans

Help Beautify Our Westcott Office

Spring has arrived in Syracuse, and after a long winter in hibernation, flowers are finally sprouting around our city. Our Westcott office has a particularly nice garden space and we’re asking for volunteers to help us maintain it. You don’t have to have a green thumb to get involved; we’re looking for people who can contribute plants, gardening tools, or simply their time. If you’re interested, please contact Frank Forward at 315-575-9482.

Cooperative Federal is on Facebook

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.

Phishing Alert!

Credit Union members should be advised that a fraudulent text message, supposedly from a credit union, is circulating. The goal of the fraudsters behind this is to collect personal and sensitive information. If you receive a questionable text message, do not reply or call back with any personal data. Neither your credit union, nor any other business, will ever request personal information from the public via text message, such as PIN codes, passwords, Social Security numbers, credit-card numbers or other financial account information.

Always make sure to follow best security practices and always consider why a person or business needs personal information about you before you provide it. This is a Scam. It is NOT coming from the Credit Union.

If you receive this message, you should delete it. Do not reply or call the phone number provided, or provide any information.

Never respond to an unsolicited email, phone call, or text message that asks for personal information. Cooperative Federal will never contact you by email to ask for your account number, social security number, or PIN.

Bulbs Along Westcott Street

The Westcott Neighborhood Bulb Project's annual bulb give-away and event was Saturday, October 3 at the Westcott Community Center.

photo courtesy of Mark Rupert
Photo Courtesy of Mark Rupert

Last year, the Bulb Project provided over 800 bulbs and SUNY-ESF's LANDscape club did the work of planting hundreds of flowers along the hillside next to Cooperative Federal’s credit union office on Westcott Street.

Line of Credit Payments now due 25th

The first pieces of the Credit CARD Act of 2009 went into effect at the end of August.

The Credit CARD Act is meant to protect people from some of the unfriendly practices of credit card companies. The Act applies to any kind of open-end credit - so that includes our Lines of Credit.

What this Means for You:

Line of Credit payments are now due on the 25th of the month.
Payment used to be due on the 15th. This gives you more time between when the statement is mailed and when you have to send in your payment.

Cooperative Federal is a non-profit financial services cooperative operated for the mutual benefit of its members. Cooperative Federal provides financial services to individuals, organizations, and small businesses in the local community. Members receive old-fashioned personal service.

Through common control of its resources and socially responsible use of its assets, Cooperative Federal creates economic power for this community. Cooperative Federal supports neighborhood planning, economic democracy, and cooperatives to provide for people's needs.


Cooperative Federal es una cooperativa de servicios financieros sin fines de lucro que opera para el beneficio mutuo de sus socios. Cooperative Federal proporciona servicios financieros a personas individuales, a organizaciones, y a las pequeñas empresas en la comunidad local. Los socios reciben una gama de servicios personales especializados.

Con el control común de sus recursos y uso social responsable de sus activos, Cooperative Federal crea el poder económico para esta comunidad. Cooperative Federal apoya al planeamiento de la vecindad, la democracia económica, y coopera para proveer las necesidades de la gente.

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