Bethex Federal Credit Union

20 East 179th Street, Lower Level
Bronx NY, 10453-4770


A community development credit union founded by welfare mothers in 1972, Bethex Federal Credit Union (Bethex) provides basic financial services to a low-income population located mainly in the South Bronx. The credit union serves 7,750 members and has total assets of nearly $ 7 million.

CDFI Awards for Bethex Federal Credit Union


TA (2005) - $46,254

Bethex will use the 2005 TA grant of $46,254 to improve its technology infrastructure. Items to be purchased include 14 desktop workstations, a laptop and a portable printer, an Audio Response system server and additional phone lines - expanding capacity to respond to five callers at one time, LCD Projector, and three Bill Counter/Currency Scanner machines.



SECA (2002) - $45,000

The Technical Assistance grant of $45,000 will be used to conduct a membership survey, produce geo-coding maps, acquire accounting software and provide computer training for staff.



SECA (2001) - $53,000

The Fund"s technical assistance grant will be used to purchase technology, train staff and cover a staff salary for the purpose of designing marketing and staff development plans.



SECA (1999) - $108,700

Bethex is using a 1998 TA award for computer equipment in both its main office and in its new branch. The 1999 TA award will augment the computer upgrading and provide an ATM for the new branch.



CORE (1998) - $460,000

With the help of the CDFI Fund, Bethex plans to open a second branch in the Mott Haven District of the South Bronx.



CORE (1996) - $100,000

The CDFI Fund will provide a major infusion of net worth to Bethex in the form of $100,000grant. This investment from the CDFI Fund will be leveraged many times over through the attraction of new member and non-member shares. The credit union"s principal goal is to expand its capacity by growing its net worth and $1.6 million asset base. This effort will enable Bethex to increase its consumer lending and dramatically expand home improvement and small business lending.



Other Community Development Financial Institutions in New York





Featured Government Grant Resources


Small Business Administration's Portable Assistance Program

The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.







Small Business Grants - Support for Veterans

The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.




Employers For Childcare Charitable Group (EFCG), a Lisburn-based charity, has been crowned top Social Enterprise at the Ulster Final of 2014’s Ulster Bank Business Achievers Awards. EFCG seeks to “make it easier for parents with dependent children to get into work and to stay in work.”









More Federal Domestic Assistance Programs


National Highway Transportation Safety Administration (NHTSA) Discretionary Safety Grants | Leadership in Public Health Social Work Education Grant Program | Lead-Based Paint Hazard Control in Privately-Owned Housing (Recovery Act Funded) | National Ocean Service Intern Program | Livestock Assistance Program |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2024 Copyright Michael Saunders