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Brooklyn Cooperative - Federal Credit Union
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Financial Guidance

Personal Financial Guidance

We understand that you may want help in building your financial future. A financial counselor is on hand to help answer your banking questions and assist you to:

  • Improve your credit score.
  • Learn how to manage money and credit.
  • Create a personal budget.
  • Refer you to free financial education workshops. Click for a schedule of upcoming classes.
Brooklyn Cooperative partners with leaders in the field to provide personal financial counseling services to community members: Credit Where Credit Is Due, Bedford-Stuyvesant Restoration Corporation in cooperation with NYC’s Office of Financial Empowerment, and Balance.

Bushwick Branch
: Bedford-Stuyvesant Restoration Corporation partners with NYC’s Office of Financial Empowerment to provide financial counseling in our Bushwick branch on Tuesdays and Thursdays from 10am-4pm. For more information about these services, please contact the credit union at 718-418-8232, x200.
 
Credit Where Credit Is Due (CWCID) also offers a dedicated financial counselor for one-on-one financial counseling sessions at the Bushwick office by appointment.  In addition to the services above, the counselor also engages members in a comprehensive financial assessment and action plan and helps link members to appropriate financial services at the credit union. To make an appointment with the counselor, please call Kristen at (718) 418-8232 x305. To find out more about CWCID, please visit www.cwcid.org.
 

Bedford-Stuyvesant Branch: CWCID also serves the needs of our Bedford-Stuyvesant community members with a dedicated financial counselor available each Monday and Tuesday from 10am-4pm. In addition to one-on-one financial counseling sessions, the counselor engages members in a comprehensive financial assessment and action plan and helps link members to appropriate financial services at the credit union. To make an appointment with the counselor, please call Kristen at (718) 418-8232 x305.

Any Time by Phone: If you can’t visit us, you can take advantage of our partnership with the financial fitness program called Balance, a credit union partner which offers free financial services by phone. Balance services start with their InfoLine which can be reached with financial questions at 888-456-2227 (Monday-Thursday 8am-11pm; Friday 8am-8pm, and Sat 11am-8pm EST). They also provide money management counseling, assistance with creating a debt management plan, and a credit report review, including a low-cost credit report. For more information, please see their website at www.balancepro.net.

 

Financial Education Workshops
CWCID also delivers its signature Getting Ahead Program—a package of financial education and counseling and financial services—at Brooklyn Cooperative. The free program is open to all credit union and community members. The workshop also provides access to opening a Super Saver CD with high interest rates and flexible terms at Brooklyn Cooperative. 

The Getting Ahead Program includes a comprehensive 10-hour financial education course and one-on-one financial counseling. A specially-trained CWCID Financial Counselor works with participants to create individualized Financial Action Plans. Participants learn about budgeting, reducing debt and accessing affordable financial services on a path to achieving long-term goals such as retirement, homeownership, higher education or entrepreneurship. The Financial Counselor provides clients with follow-up financial counseling for at least two years to ensure that they are achieving their goals. Throughout the course, the Financial Counselor provides clients with opportunities to immediately take action on lessons learned through access to financial services at Brooklyn Cooperative, where graduates are eligible for a free savings account and for a limited time, a free checking account.

To sign up for an upcoming course, please contact Kristen at 718-418-8232, x305.