People"s Community Partnership Federal Credit Union

Oakland CA


People"s Community Partnership Federal Credit Union (PCPFCU) is a low-income designated, member-owned financial institution. Chartered in November 2000, PCPFCU serves residents of Oakland"s low- and moderate-income flatlands.

CDFI Awards for People"s Community Partnership Federal Credit Union


FA (2008) - $599,826

People"s Community Partnership FCU (People’s) is a community based and member-owned non-profit federal credit union founded in 2000. People’s serves Oakland, CA’s low-income and underserved neighborhoods. Its core products include auto loans, unsecured personal loans and share-secured loans, savings accounts, direct deposit of paychecks and government checks, check cashing, and ATM access. People"s will use the FY08 Financial Assistance award of $500,000 for lending capital, loan loss reserves, capital reserves, and critical operations costs for personnel, security, and a data collection and reporting system. It will use the FY08 Technical Assistance grant of $99,826 for capacity building and staff training.



FA (2003) - $149,500

The Fund"s $149,500 award will be used to market to and provide financial services to this predominately minority population with the ultimate goal of moving its members toward homeownership. Specifically, PCPFCU will include establishing savings accounts or homeownership focused Individual Development Accounts, providing personal loans to help better credit ratings, conducting homeownership counseling, and eventually providing home mortgage loans. Approximately 97% of this award will be targeted to Hot Zones.



SECA (2001) - $188,000

The technical assistance award will be used to develop a marketing plan; allow staff to pursue capacity building activities; purchase an audio response system; and develop a member education and financial literacy training program.



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