New Life Credit Union

1152 N. 63rd St
Philadelphia PA, 19151-3608


New Life Credit Union was born out of Sharon Baptist Church located in Philadelphia. The credit union opened its doors in September 2003 and in a short period of time is has been certified as a CDFI and been designated as serving a low-income field of membership by the National Credit Union Administration. With a focus on member education, NLCUa€™s objective is to increase the financial literacy within its field of membership with the ultimate goal of increasing financial independence.

CDFI Awards for New Life Credit Union


TA (2005) - $75,000

NLCU will use the 2005 TA grant $75,000 to cover staff salary costs for strategic planning and product development; staff training including financial counseling certification for members, and technology expenditures including website development and hardware to supporting financial literacy outreach activities.



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Community Development Credit Unions

A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.







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