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Neighborhood Trust Federal Credit Union
4211 BroadwayNew York NY, 10033-3747
CDFI Awards for Neighborhood Trust Federal Credit Union
FA (2006) - $100,000
Neighborhood Trust Federal Credit Union (NTFCU) is a community development credit union serving the predominantly Latino immigrant communities in the Washington Heights, Inwood and West Harlem neighborhoods of upper Manhattan, NYC. NTFCU will use the $100,000 Financial Assistance Award to serve certified Housing Development Fund Corportions (HDFC) in its service area, provide financial services to the unbanked, provide remittances and bill payment services at affordable rates, and provide financial education to its expanded Target Market in West Harlem.
TA (2005) - $37,200
The credit union will use its 2005 TA award of $37,200 to establish a micro and small business loan program.
SECA (2001) - $30,000
The technical assistance award will cover the costs of consulting services to increase efficiency of operations, and acquisition of an ATM machine to increase services provided to its members while also adding income for the credit union.
CORE (2000) - $237,000
The CDFI Fund"s $200,000 capital grant and $37,000 technical assistance grant will help the credit union grow its membership and lending activities, particularly by making co-op mortgages to neighborhood residents and providing loans to local businesses.
CORE (1998) - $210,000
The CDFI Fund grant will build the capacity needed for the Credit Union to increase its consumer, small business, auto and mortgage lending activity. The technical assistance award will be used to build organizational capacity and upgrade and improve the Credit Union"s loan monitoring systems and computers.
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