Become a Friend of Brooklyn Coop

Posted by Amanda Trainor on Nov 11 2023

FOR IMMEDIATE RELEASE 

Brooklyn, NY – Brooklyn Cooperative Federal Credit Union (Bk Coop) is proud to introduce an exciting opportunity for individuals and organizations to become a “Friend of Brooklyn Coop.” By committing to a $150,000 1-year deposit, supporters can play a vital role in uplifting financial inclusion, local economic development, and the cooperative movement while enjoying membership benefits. For over 20 years Bk Coop has been investing in our community through wealth building opportunities for all, including personal and business accounts, mortgage loans and more.  

“Friends of Brooklyn Coop” will be treated to special perks: individuals will receive an Evening Meal for two at Claro, a Michelin-ranked Mexican restaurant in Brooklyn. Organizations will receive a sponsored Coffee Break from a café of their choice, and Exclusive Bk Coop Swag package for their staff. Brooklyn Coop will proudly note their names on our website, showcasing their commitment to ensuring just and affordable financial services in the Black and brown communities within Bk Coop’s footprint. Bk Coop’s Certificate of Deposit (CD) accounts earn an impressive 4.71% for 12 months. As a Federal Credit Union, all deposits are insured up to $250,000, so there is no financial risk.   

“Brooklyn Coop is seeing tremendous loan demand, with 88% of our deposits currently invested as business, mortgage, and personal loans to our members. This is a good sign, a sign of optimism and the economic aspirations of our members. For us to keep lending we need more deposits! Becoming our ‘Friend’ reminds local partners that aligning their values with their banking is easier than they think, and more impactful than ever right now” says Samira Rajan, CEO of Bk Coop.