New York City Mayor Michael Bloomberg was one of the dignitaries who helped open the new ERDA Federal Credit Union in the Queens section of New York. The community development credit union is the first CU to open in New York City in a decade.
The credit union is the most recent effort by the East River Development Alliance to help citizens in one of the lowest income parts of the city.
"Nearly 50,000 Queens households-many in public housing-don't have bank accounts, and one of the major reasons is a lack of access to local credit unions," said Mayor Bloomberg at the April 26 opening.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
