It is very fast and easy. Just fill in the application, which takes less than 10 minutes, and we will take care of the rest. You can apply here.
What is the NFCDCU?
The National Federation of Community Development Credit Unions (the Federation) is a dynamic, growth-oriented association of credit unions that provide safe and responsible financial services to underserved communities. Since 1974, the Federation has been promoting financial inclusion by organizing, supporting, and investing in these Community Development Credit Unions (CDCUs), which specialize in serving populations with limited access to affordable financial services, including low-income wage earners, recent immigrants, and people with disabilities.
A Community Development Credit Union (CDCU) is a credit union with a mission of serving low- and moderate-income people and communities. CDCUs specialize in serving populations with limited access to safe financial services, including low-income wage earners, recent immigrants, and people with disabilities.
How is a credit union different from a bank?
In the United States, credit unions are not-for-profit organizations that exist to serve their members rather than to maximize corporate profits. Like banks, credit unions accept deposits, make loans, and provide a wide array of other financial services. But as member-owned institutions, credit unions focus on providing a safe place to save and borrow at reasonable rates. Unlike banks, credit unions return surplus income to their members in the form of dividends.
What communities do you serve?
Right now we will start serving just in the state of New York, but we will be expanding in the following months to the rest of the country.
When will you serve my community?
You can email us with your community and inquiry, and we will contact you as soon as we start serving your area. Please contact us here.
What is the maximum amount I can borrow?
It will depend on your personal information and area, but our members give loans as small as $5,000 to more than $100,000.
What are the average rates?
They vary, but we can assure you that you will get the best rates in the market!
How long will it take me to get a match?
Less than 48 hours. Guaranteed!
Am I eligible?
You can fill out our application and find out very quickly. Just start here.
How easy is it to become a member?
It’s very easy. You just fill out your application, and once we match you with a credit union they will contact you to ask for the required information to become a member. You just need to apply, and we will take care of the rest.