A new federally chartered credit union – New York Episcopal Federal Credit Union in the Bronx, N.Y. – is set to begin operations in early 2023, the National Credit Union Administration (NCUA) said Thursday.
The third federal credit union to be chartered in 2022, New York Episcopal FCU will serve members, parishioners, students, and employees of the Episcopal Diocese of New York, including churches, schools, and recognized charitable organizations under the management, control, or sponsorship of the diocese or its parishes, the NCUA said. The credit union will focus on meeting the needs of low- and moderate-income members and providing financial education.
The agency said that during its first year of operations, the new credit union plans to offer its members basic savings and lending services, including share accounts, share draft accounts, share certificates, new and used-auto loans, unsecured loans, direct deposit, online access, cashier’s checks, and money orders.
New York Episcopal FCU’s charter became effective Nov. 7. The credit union will be headquartered at 2500 Jerome Avenue in the Bronx with an additional office located at 76 Trinity Place in New York City, the agency said.