The Brooklyn Coop Celebrates a Decade of Service

Last week, the Brooklyn Cooperative Federal Credit Union (Brooklyn Coop), New York City's fastest-growing credit union, celebrated ten years of successfully serving the residents of Bushwick and Bedford-Stuyvesant.

The Brooklyn Coop opened its doors in January 2001 in Bushwick with $500,000 in capital contributed by local community members. 

Ten years later, through its expansion into Bedford Stuyvesant, the coop now serves more than 7,000 members, with $12 million in assets. To date, it has provided more than 6,500 loans, prepared over 10,000 free tax returns, and has offered counseling to hundreds of local homeowners and business owners.

Samira Rajan, CEO of the Brooklyn Coop, recognized that the support of the coop's members and the growing relationships they've established over the years as the foundation of its success. "Our members are our motivation and inspiration, and we look forward to serving them for many years to come,”  Rajan said.

Board members, elected officials and other special guests attended the celebration at the Northeast Kingdom Restaurant in Bushwick. 

The celebration honored 36 of the original members of the Brooklyn Coop. Special guests in attendance included New York City Councilwoman Diana Reyna, one of the original Board members, who presented the Brooklyn Coop with a Proclamation from the City of New York in recognition of its enormous contributions to the residents of Brooklyn. 

Also in attendance were Margot Brandenburg, Chair of the Brooklyn Coop’s Board of Directors, and Luis Guevara, local business owner and long-time member who shared his appreciation for the efforts of the Brooklyn Coop in supporting the success of small businesses.