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Rep. Maloney praises NYC CU in House statement
WASHINGTON (12/2/10)--The East River Development Alliance’s (ERDA) 2010 founding of its namesake credit union, the first credit union chartered in New York, NY in 10 years, was hailed by Rep. Carolyn Maloney (D-N.Y.) on the House floor this week. Maloney stood before the House to recognize the ERDA’s positive contributions to the western areas of Queens, NY. The credit union, founded by ERDA and known as ERDA FCU, focuses on residents of the Woodside, Ravenswood, Astoria and Queensbridge neighborhoods of New York City, and, as stated by ERDA Founder and President Mitchell Taylor earlier this year, “makes resident empowerment and ownership real.” Maloney in her remarks praised the credit union for helping “more than 150 low-income New Yorkers find good jobs.” Maloney also cited New York City Mayor Michael Bloomberg’s 2010 statement that ERDA FCU is indicative of the big impact that can be achieved by credit unions working with public housing residents. The credit union officially opened for business in April of this year.


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