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Lower East Side People’s Federal Credit Union

Local activists organized the Lower East Side People’s Federal Credit Union in 1986 to fill the void left by the closing of the last bank branch in the neighborhood. Today, LESPFCU is a nationally recognized leader in the credit union and community development financial institutions (CDFI) field, having received numerous federal CDFI Fund awards to support their growth and expansion. As NYC’s largest CDFI credit union, LESPFCU has close to $90 million in ...

assets, three branches and one satellite branch and serves over 9,300 members. LESPFCU is committed to a vision that all communities in NYC should have access to safe, affordable financial services and credit, and not be abandoned and left vulnerable to predatory financial services simply because they are poor, lack prior banking, a credit history or immigration status.