Cooperative Federal ensures that ALL people have access to affordable banking, fair credit, and economic opportunity. From personal finance, to homeownership, to small business, we show up for neighborhoods that mainstream banks have left behind. And we're not alone: we're part of a growing, nationwide movement of Community Development Credit Unions dedicated to investing in low-income communities.
With rising costs squeezing household budgets, credit union members like you need community finance more than ever. But our movement is facing unprecedented threats, to our funding and even to our very structure as not-for-profit cooperatives. Cooperative Federal is calling on our elected leaders to stand with you -- and we need your help to reach them. Take action today!
The Community Development Financial Institutions (CDFI) Fund provides federal funding to expand affordable housing, small business, fair credit and ethical banking in every state across the nation. For the first time since its inception, the CDFI Fund is at risk of massive cuts that will eliminate its core programs and cut off communities like Syracuse. Despite an exceptional track record, profound results, and the hard-won support of Congress on both sides of the aisle, the White House is putting the CDFI Fund on the chopping block -- offsetting tax cuts for the wealthy by withdrawing resources for economic opportunity.
Read our full Statement of Support below. Then, sign on and share your story! Help us tell our elected leaders how Cooperative Federal makes a difference for you and our community.
Credit unions may provide similar services as banks, but we're NOT the same. We're member-owned, not-for-profit cooperatives that operate for the sole benefit of YOU, our members. Instead of earning profits for wealthy shareholders, we return our earnings in the form of lower fees, better rates on loans, and programs like financial counseling.
Today there is a growing movement, led by Big Banks and Wall Street lobbyists, to impose new taxes on credit unions. But a tax on credit unions is really a tax on our members. This is urgent issue that threatens your financial health and the future of our credit union movement. Read more below, then visit the nationwide Action Center to tell Congress: Don't Tax My Credit Union.