Certified as both a Minority Depository Institution and a Community Development Financial Institution, Cooperative Center Federal Credit Union continues to cultivate the seeds of inclusiveness sown by Cooperative Center’s first General Manager, Zach Brown.
“Zach Brown’s whole working life was in cooperatives. He was the co-op spirit of the Credit Union for years, and really was committed to helping people.” Matt Crawford
As an offshoot of Consumers’ Cooperative of Berkeley Inc., Cooperative Center’s roots are intertwined with those of the communities we serve. Whether it’s responding to the thorny issues of the 60’s and 70’s (redlining) by creating home loan programs, or combating today’s predatory lending practices (payday loans) by offering emergency cash infusion loans; partnering with schools and non-profits to develop financial literacy, i.e. Community Financial Resources (CFR), and credit-builder loan programs.
Today, Cooperative Center FCU serves nearly 13,000 members, pursuing a distinctive community mission that inspires staff, volunteers and members. At the heart of that mission is building and preserving sustainable community wealth by offering affordable financial services and products from checking and retirement accounts to home, auto and unsecured loans and more. Always seeking to improve and expand products and services relevant to the needs and aspirations of our members, Cooperative Center has most recently added Emergency Cash Infusion Loans (payday loan replacement); Limited Equity Cooperative Housing Share Loans, Green Home Improvement Loans and a First-time Auto Buyer program.
Please enjoy this brief video https://www.youtube.com/watch?v=AUfOd4R8A-o describing Cooperative Center FCU's 7 Guiding Principles. For information on how to be a part of this exciting movement please click https://www.coopfcu.org/about-us/become-a-member.html
Cooperative Center FCU is deeply grateful to the work of Berkeley Oral History project and Berkeley's Historical Society in creating our historical timeline. https://archive.org/stream/oflifeinberkeley00brownrich#page/n1/mode/2up
Banks have branches - We have roots