brooklyn.coopCrawled Oct 27, 2026
This article has been reverberating in my mind for a few months. I was intrigued by the way Pursuit is financed partially by its most successful graduates: “If graduates make more than $60,000 a year, they agree to pay 12 percent of their income [back] for three years”.
Brooklyn Coop supports small business entrepreneurship through SBA-approved lending for startups or expansions, aligning with the ideal of self-employment as a path to financial security.
Brooklyn Coop lent $6 million in PPP loans between April 3 and May 7, 2021—equivalent to its total 2018 lending—with staff support from Grow Brooklyn.
Laurel Leckert, a Small Business Tax Counselor at Brooklyn Coop, shared customer success stories from her work.
Maggie Walker founded St Luke’s Penny Savings Bank in 1903 to serve the Black community in Richmond, Virginia, which could not access white-owned banks. The bank operated for over 100 years, surviving crises including the Great Depression, until its merger in 2010.
Brooklyn Coop’s second Town Hall went on last week at the Myrtle branch. Just as happened in February at the Dekalb branch, a dozen engaged and motivated credit union members spent an evening together, sharing their thoughts about the role of credit unions in their lives and their communities. We asked the same four questions in Spanish as we had in English during February’s Town Hall:
Brooklyn Coop assisted local small businesses in 2021 by processing Paycheck Protection Program (PPP) loans and Main Street collateral assistance.
The blogger noted similarities between UK and US credit unions, including their holistic lending approach, despite regulatory differences.
A 2018 report found that women-owned businesses in the United States generated half the revenue of male-owned businesses, while African American and Black women-owned businesses generated a tenth of that of non-minority female-owned businesses.
Brooklyn Coop raised its High Yield savings account rate above local competitors in mid-2025, attracting new members and deposits before lowering it to 3.25% in July 2025.
Brooklyn Coop updated its fees and check deposit restrictions.
Director of Lending Ext. 2130 claudia[at]brooklyn.coop
Brooklyn Coop’s 2014–2017 Strategic Plan prioritized financial sustainability after the 2008–2010 financial crisis, achieving stability by 2018.
Brooklyn Cooperative Federal Credit Union offers a ‘Friend of Brooklyn Coop’ program, allowing individuals or organizations to deposit $150,000 for a year to support financial inclusion and local economic development.
The Federation recognized Brooklyn Coop as a ‘Juntos Avanzamos’ credit union in February 2021 for its focus on serving the Latino community.
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