As the largest credit union in New York City with 6,000 members and assets of $35 million, the Lower East Side People's Federal Credit union serves the immigrant and underserved population of the city through microfinance, low-interest personal loans and other financial services. Founded in 1986 when all commercial banks left the Lower East Side of Manhattan, the credit union has reinvested over $56 million back into the community, mobilized over $30 million in local savings, and expanded access to financial services.
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