Beulah Federal Credit Union is a faith based financial institution that is owned and operated by the Beulah Church of the Nazarene in Brooklyn, New York.[1] It received its charter from the National Credit Union Administration (NCUA) on October 19, 2007, with the mission to serve the church's 933 members.[2] It also received NCUA low-income designation, which enables it to accept deposits from non-members and to qualify for loans and technical assistance through the NCUA Community Development Revolving Loan Fund Program.[3]
In creating the credit union, the church leadership noted it would focus primarily on financial counseling, savings programs and loans.[4]
In its first six months of operation, the credit union accumulated US$11,874 in assets.[5] Its chairperson is Pamela Mayers-Miller and its CEO is Vernon Reid.[6]
References
edit- ^ "Beulah Federal Credit Union: Private Company Information - Bloomberg". www.bloomberg.com. Archived from the original on 20 January 2018. Retrieved 20 January 2018.
- ^ "NCUA Charters New Faith-Based LICU - Credit Union Times". archive.li. 3 August 2007. Archived from the original on 3 August 2007. Retrieved 20 January 2018.
{{cite web}}: CS1 maint: bot: original URL status unknown (link) - ^ NCUA Charters New Faith-Based LICU, Credit Union Times, October 19, 2007, archived from the original on August 3, 2007, retrieved August 23, 2008
- ^ “NCUA Grants Charter for New Faith-Based CDCU,” Credit Union Journal, October 29, 2007 (library card access required)
- ^ “Beulah Federal Credit Union,” iBanknet
- ^ "BEULAH FEDERAL CREDIT UNION, BROOKLYN, NY - NCUSO". ncuso.org. Archived from the original on 6 May 2017. Retrieved 20 January 2018.
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