How to Join

Brooklyn Coop is a grassroots, transparent, and accountable financial institution that prioritizes the financial stability of its members. We currently serve the neighborhoods of Bushwick and Bedford-Stuyvesant. To be eligible for membership, you should have a relationship with these communities. Examples are: you live here, work here, go to a church or school here, have family here, volunteer here.
Upon joining, you will have a savings account that earns dividends monthly. You can receive direct deposit into this account, pay bills using our online banking, and transact an unlimited number of times each month. Brooklyn Coop members also benefit from discounts on Citibike annual membership, the ability to pay their NYCHA rent for only $1 at either location, and apply for loans.

To become a Brooklyn Coop member, bring the following:

  1. A piece of mail as proof of address
  2. Government Issued Photo ID
  3. Social Security Card or Individual Tax Identification Number (ITIN)
  4. Membership fee ($25) plus $5 to deposit the minimum into your savings account

Savings & Checking Accounts

Savings Accounts

These are the types of savings accounts available.

Minimum Balances and Fees

Types of Savings Accounts Divideds earned Fees
Simple Savings 0.20% One time application fee
$1 monthly membership fee
Simple Savings /ATM card 0.20% One time application fee
$1 monthly membership fee
$1 per ATM transaction
Gateway Savings (2 yr limit)
*Gateway course completion required
0.20% No application fee with certificate
No Monthly fee
$1 per ATM transaction

Checking Accounts

We have designed our checking accounts to provide the service you need at the price you can afford – including a free option when you maintain a competitive minimum balance. Bring your money back to your neighborhood with Brooklyn Coop. You’ll avoid the hidden fees of larger banks and save more money for yourself at the end of the day. Check here for a full list of our fees.

For a limited time only!  Brooklyn Coop members can make surcharge-free withdrawals with their BCoop ATM cards at any Citibank ATM.

Types of Checking Accounts Services Offered Fees & Required Balance
Start Checking
  • ATM/debit card
    – 4 free ATM transactions each month; $1 thereafter
    – unlimited debit transactions
  • Free online bill pay
$4 monthly flat fee
No minimum balance required
Unlimited Checking
  • ATM/debit card
    – unlimited ATM and debit transactions
  • Free online bill pay
$0 with $1200 minimum balance
$8 if balance falls below minimum
Checking for Business or
Unicorporated Associations
  • ATM/debit card
    – unlimited ATM and debit transactions
  • Free online bill pay
$25 monthly flat fee
No minimum balance required

Gateway Savings Accounts

For a limited time, graduates of the Getting Ahead personal finance course are able to open and maintain a Brooklyn Coop savings account without fees. Graduates can also open a CD with higher rates than the regular CDs. Contact our financial counselor at 718 418 8232 x2010 for more information.

CDs and High Yield Savings

If you would like to earn a higher return on your savings, Brooklyn Coop offers Certificates of Deposit for 3, 6, or 12 months with a $500 minimum balance.
Another option is the High Yield Savings account, a hybrid of a CD and a savings account. Like a CD, the funds you deposit into a High Yield Savings account are locked.  Like a savings account, you can add to those funds at any time, building up the account and earning even more.  Write to us at or call 718 418 8232 for more information.
Account Type Dividend Rate
High Yield 0.50%
3 month CD between 0.3 and 0.5%
6 month CD between 0.3 and 0.5%
12 month CD between 0.5 and 0.7%