Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK — Four community development credit unions have been chosen by New York City’s Office of Financial Empowerment to work with previously unbanked low-income families and individuals through Opportunity NYC, a new incentivized savings account program. The pilot for the project also includes four banks.

The CDCUs that are offering the Opportunity NYC accounts during the current pilot phase are all headquartered in the New York City area: Bethex Federal Credit Union, Brooklyn Cooperative Federal Credit Union, Lower East Side Peoples Federal Credit Union and Union Settlement Federal Credit Union.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.