About UsCredit Unions
|
Welcome to NYCfNAC's website!
The New York City Financial Network Action Consortium (NYCfNAC) was established to address the drastic loss of banking services in New York City's low-income communities. We assert the right of every low-income person to be able to save, borrow, invest, accumulate assets and be knowledgeable consumers of financial services as a means to economic opportunity and community development. Accordingly, NYCfNAC promotes their ability to gain access to affordable, convenient and comprehensive financial services and credit by building a network of the city's leading community development credit unions.
NYCfNAC NEWSLast update: 4/22/09 NYCfNAC Has Moved! Beginning February 17, 2009, we are located at 209 E. 3rd St. Our new number is (212) 254-6060. Tax Season 2008 Most Successful Yet! We prepared over 6,900 tax returns thanks to our wonderful volunteers and tax preparers! Since 2003, NYCfNAC has been actively involved in promoting the Earned Income Tax Credit (EITC) to hard working low-income residents in the communities served by our credit unions. Over the years, the credit union VITA sites in our program have prepared more than 12,000 tax returns generating over $15 million in refunds, including $7.6 million in EITC, for the communities in Bedford Stuyvesant, Bushwick, East Harlem and the Lower East Side. In addition to providing free high quality tax preparation, our program provides all filers, particularly the unbanked, with the opportunity to open accounts with our credit unions. To date 2,225 new savings or share accounts have been opened. New this year is also one-on-one credit coaching. The EITC is one of the most powerful federal poverty alleviation tools in the country. Volunteer tax preparers make access to EITC and affordable financial services possible for thousands of New York City residents every year. Read more about our program and how you can volunteer. If you are an individual who earned $20,000 or less or $45,000 or less with dependents, you may qualify for free, high quality tax preparation at one of our 6 locations in East Harlem or Brooklyn. Call 212-505-EITC to find out if you qualify and to schedule an appointment!
Thanks to the Robin Hood Foundation/Single Stop USA, New York Community Trust, Deutsche Bank Americas Foundation, HSBC Bank USA, Independence Community Foundation, the Internal Revenue Service, the National Credit Union Administration, the Department of Health and Human Services, and Capital One Foundation for their generous support for this program!Hayden-Harnett's $100,000 expansion financed through NYCfNAC loan programHayden-Harnett, a Brooklyn-based company that designs and sells handbags and accessories, needed financing to finance its expansion. With an impressive growth rate in sales, the company approached NYCfNAC about a loan. As a start-up, obtaining a loan from banks was out of the question. But the company provided a strong business plan, demonstrated management capacity, and good collateral…
Affordable Loans for ImmigrantsThrough its Affordable Loans for Immigrants Campaign NYCfNAC seeks to highlight the role of credit unions in giving immigrants an opportunity to build credit and educate themselves while achieving their financial goals. NYCfNAC's community development credit unions offer mainstream financial services to a population that is generally subject to predatory practices and high-cost credit. Credit union services are especially designed to help the immigrant population to build credit and become savvy consumers of financial products. To learn more about how to participate or to order the Campaign Outreach Materials, contact Vianey Corzo at 212-254-6060 ext. 109 or vcorzo [at] nycfnac.org The Affordable Loans for Immigrants Campaign is part of NYCfNAC's Initiative for Outreach to the Unbanked or IOU Program.
Need $$$ to Jumpstart and Grow your Business?
Check under Job
Opportunities to find out more about the
positions currently open at NYCfNAC. |
|
Need $$$ to Jumpstart and Grow your Business?
If your business is located in Manhattan, Brooklyn or the Bronx and needs additional funds, we may be able to help you. For more information, check out the Business Loan page
Success Stories of our AffordableLoansCampaign!Read the stories of city newcomers and how they benefitted from credit union loans to pay for unexpected expenses, start their business and build their credit.
|
