Neighborhood Cooperative Credit Union Surpasses $50M in Local Member Assets
By keeping interest payments inside the community, the member-owned institution has financed over 350 home purchases and repairs.
Marcus Sterling
Oct 28, 2026•3 min read
Story Key Highlights
- $50M milestone in member assets
- Zero fee checking and 1.5% fixed auto loans
- Over 350 families assisted with mortgages
The Community First Credit Union hit a milestone this month, reaching $50 million in deposits from over 8,000 neighborhood members.
Unlike conventional commercial banks, 92% of the deposits are re-loaned directly to local residents, micro-enterprises, and non-profits.
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Tags:#Economy & Small Business#Community#Local Impact#Empowerment#City News