Borinquen Federal Credit Union

629-31 West Erie Avenue
Philadelphia PA, 19140


Chartered in 1974, Borinquen Federal Credit Union is a community-based credit union that primarily serves a Latin American and immigrant population of North Philadelphia. The credit union provides financial products and services such as savings accounts, money orders, and check cashing. Additionally, the credit union offers Individual Development Accounts which feature state-sponsored matching funds.

CDFI Awards for Borinquen Federal Credit Union


CORE (1999) - $240,000

Borinquen Federal Credit Union will use its $240,000 capital grant from the CDFI Fund to expand its loan products and loan production.



SECA (1998) - $52,500

With the CDFI Fund"s $52,500 technical assistance grant award, the credit union will enhance its ability to provide loans to its members through training for its staff in mortgage lending, marketing, teller services, the provision of development services to its borrowers and a new computer system and loan production software.



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Edited by: Michael Saunders

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