North Side Community Federal Credit Union

1011 W. Lawrence
Chicago IL, 60640


North Side is a 27-year old community development credit union with a primary mission of offering affordable financial services, education, and affordable loans to a Low-Income Targeted Population residing in four neighborhoods on the north side of Chicago.

CDFI Awards for North Side Community Federal Credit Union


FA (2008) - $230,642

North Side Community Federal Credit Union (North Side) is a community based and member-owned non-profit CDFI founded in 1974 with a low-income service designation from the National Credit Union Administration North Side currently serves a low-income population on the north east side of Chicago North Side will use the FY08 Financial Assistance award of $180,000 as financing capital for its small consumer loan products and for the expansion of its mortgage product Besides building its capacity to serve an expanding field of membership, North Side will use the FY08 Technical Assistance grant of $50,642 to increase its ability to serve its members.



SECA (2001) - $200,000

The awardee will use its award from the Fund to expand its microenterprise lending program as well as its consumer loan product which is an alternative to pay-day loan products offered from predatory lenders. North Side will also continue to expand its basic affordable financial services (savings and checking accounts and ATM cards) to more Low-Income residents of its service area and offer savings incentives such as an Individual Development Account to help Low-Income members save for home purchase, small business, and education.



SECA (1998) - $39,500

The CDFI Fund"s $39,500 technical assistance grant award will enable the credit union to purchase consulting services for strategic planning, business plan development, market analysis, a feasibility study for new and current products and the completion of its total quality management process.



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