North Side Community Celebrates 40th Anniversary


North Side Community Federal Credit Union Celebrates 40th Anniversary on May 1, 2014

North Side CFCU LogoNorth Side Community Federal Credit Union (North Side) is celebrating its 40th anniversary on May 1 2014.  Members, North side residents, and community partners are invited to join us for a celebration at 935 W Wilson from 6-8pm.  Door prizes and refreshments will be available, and North Side’s Annual Meeting will also be held in conjunction. This event is free and open to the public.

North Side Community Federal Credit Union has been a vibrant part of the North Side of Chicago, lending over $45 million in consumer loans since inception.  The credit union houses a HUD-approved housing counseling agency and launched a small business microloan program in late 2011.  North Side Community Federal Credit Union wrote over 1,000 loans in 2013, and lent over $2 million to consumers.

WHEN: May 1, 2014 6-8pmSarah Marshall 1

WHERE:  The Wilson Abbey 935 W Wilson, Chicago IL 60640

About North Side

North Side Community Federal Credit Union was founded in February of 1974 to provide an affordable, fair lending alternative to the Uptown community at a time when it was difficult for individuals to get loans. North Side Community Federal Credit Union has grown progressively over the years, and is celebrating its 40th year of lending. We are honoring the credit union’s work in the community. North Side Community Federal Credit Union lent over $2 million in loans in 2013, most to low income consumers. The credit union’s financial education programs and housing counseling services are offered to members and the broader community free of charge. Some of North Side Community Federal Credit Union’s most important work is around designing affordable small dollar loan products that provide an alternative to payday lenders.

North Side 2North Side is a 40-yr-old, community-owned, cooperative financial institution serving residents and organizations in Lakeview, Rogers Park, Edgewater, Ravenswood, Andersonville, and Uptown. As a not-for-profit financial institution with assets near $10 million, North Side’s mission is to promote the financial well-being of our diverse community by providing affordable services, free housing counseling services, and expanding the availability of alternative financial resources. North Side CFCU offers savings and checking accounts, ATM cards, Holiday Club Accounts, financial and home ownership education, and products such as small consumer loans, VISA credit cards, new and used auto loans, home equity and mortgage loans. North Side is certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury, and has a low-income service designation from the National Credit Union Administration (NCUA).

 

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