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CU System
CDCU in Syracuse granted 100000 to aid low-incomers
SYRACUSE, N.Y. (8/28/08)--Syracuse Cooperative FCU will receive a $100,000 grant to better serve low-income communities in its area. The grant, issued to the $14 million asset, Syracuse, N.Y.-based credit union by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund, was announced Tuesday by U.S. Sen. Charles E. Schumer (D-N.Y.) (Syracuse.com Aug. 27). The credit union will use the grant to open a third branch office, step up activity on the north side of Syracuse, train staff and acquire technology, Schumer said. “The Syracuse FCU already does a great job helping low-income Syracuse residents access banking and financial services,” Schumer said in a news release. “This money will go a long way in helping the credit union expand its outreach to more residents in need and in making financial services more accessible to the community.”
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