Progressive Neighborhood FCU

1130 E Main St
Rochester NY, 14609-6914


Progressive Neighborhood Federal Credit Union is a community development credit union based in Rochester, New York that has been operating for four years and has grown to $1.8 million in total assets and 1,500 members. The Credit Uniona€™s mission is to enable low-income people to cooperatively own and control a financial institution, encourage savings, assist members in gaining access to credit and becoming knowledgeable and responsible managers of their finances, and make available money and expertise for loans for the personal and financial needs of its members. It serves its mission by offering lending products(including consumer loans, auto loans, microenterprise loans, and home mortgage loans), financial services and technical assistance/training services. Additionally, the credit union has several programs, such as its Individual Development Accounts, that are specifically directed to its low-income members.

CDFI Awards for Progressive Neighborhood FCU


CORE (2000) - $1,050,000

The CDFI Fund"s $1,050,000 award ($500,000 capital grant, $300,000 non-member deposit, $150,000 secondary capital, and $100,000 technical assistance grant) will help the credit union serve the financial service and credit needs of its growing membership and will help increase its financial strength and self-sufficiency.



SECA (1998) - $50,000

The Fund"s $50,000 technical assistance grant award to the credit union will enhance its capacity to serve its low income targeted population through training and consulting services including strategic planning, market research and analysis, a product feasibility study and business plan development.



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