FAQs
What is a Credit Union?
A credit union is a democratic financial institution that is owned and operated by its members
Community residents pool their monies and resources together to benefit themselves and the greater community. When you deposit your money in a credit union, you become a MEMBER because your deposit makes you a PARTIAL OWNER. At a bank, you are just a customer.
Why should I join a Credit Union & how does it benefit me?
A credit union differs from a bank in that its mission is community oriented. The monies deposited in the credit union come from the community; therefore, the monies are re-invested back into the community.
Traditionally, credit unions provide loans at lower cost to their members and savings products with higher interest rates than most banks. All profits after expenses are returned to the membership in the form of dividends. Your money works for you instead of you always working for the money!
Field of Membership (FOM)
Membership is opened to all persons who reside, work, worship, attend school, own or regularly conduct business or participate in programs to alleviate poverty and distress in the Southeast Queens Community.
Our Field of Membership encompasses Community Boards 12,13, And 14. Our Neighborhoods include: Bellaire, Brookville, Cambria Heights, Hollis, Jamaica Estates, Jamaica Hills, Laurelton, Meadowmere, Queens Village, Rochdale Village, Rosedale, Saint Albans, South Jamaica, Springfield Gardens, Warnerville, and the Rockaways.
Is my money secure?
Your deposit is insured.
When established, each member's deposit will be insured for up to $250,000 by the National Credit Union Administration
Southeast Queens at a Glance
Total Population:
Total Households:
Average Household Income:
Median Household Income:
Average Household Net Worth:
Median Home Sale Price:
579,500
179,552
77,327
63,973
653,853
312,019