How to Join
Brooklyn Coop is a grassroots, transparent, and accountable financial institution that prioritizes the financial stability of its members. We serve Community Districts # 3, 4, 5, 8, 9, and 16 in Brooklyn, and # 5 in Queens. 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 also receive direct deposit into this account and make unlimited in-person transactions. Brooklyn Coop members also benefit from discounts on Citi Bike annual membership, the ability to pay their NYCHA rent for only $2 at either location, and apply for loans.
To become a Brooklyn Coop member, bring the following:
- A piece of mail as proof of address
- Government Issued Photo ID
- Social Security Card or Individual Tax Identification Number (ITIN)
- Membership fee ($25) plus $5 to deposit the minimum into your savings account
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|
|Unlimited Business Checking||
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 email@example.com or call 718 418 8232 for more information.