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Credit Union

North Philly Has A New Option To Invest In Its Future

March 31, 2026 Oscar Perry Abello, Next City. , , , ,
Yazmin Auli’s neighbors in North Philly were the first to believe in El Coqui Panaderia y Reposteria. After almost two decades, 28 employees hired and millions of loaves of pan sobao, Auli is excited to be investing back into that same community. Literally. In December, Auli opened up new accounts for herself and for her bakery at Finanta Credit Union, which had just opened its first branch in Philly just a five minute drive from El Coqui’s location at the Harrowgate Plaza shopping center. She’s moving the bakery’s everyday banking out of the big bank that’s been charging her for daily operations like making change.

An Indigenous Credit Union Is Leaning Into Mobile Banking

April 28, 2025 Connie Aitcheson, Next City. , , ,
When Lakota Federal Credit Union opened its doors in 2012 in Kyle, South Dakota, access to a financial institution was severely limited for the people of Pine Ridge Reservation. Up to 60% of community members were unbanked — a proportion that bank leaders believe has since decreased thanks to initiatives such as Lakota FCU’s mobile banking unit. “It’s always been about accessibility, for us to be in communities that can’t up and just come to Kyle on a whim,” says Shayna Ferguson, manager and CEO of Lakota FCU, a federally-certified community development financial institution with about $15.9 million in total assets.

Seeds Of Economic Recovery Are Already Sprouting Roots In The Bronx

May 25, 2023 Oscar Perry Abello, Next City. , , ,
The Bronx - New York City, New York- It’s not common for bank CEOs to walk around a neighborhood in the South Bronx, knocking on doors of local businesses to say hello and start getting to know them and their owners or employees. But what if it was? That’s what Rachel Macarthy is looking forward to doing later this spring and over the summer. Born and raised in the South Bronx, with a business degree in finance from Howard University, she’s the CEO of New Covenant Dominion Credit Union. At 1185 Boston Road, the Black and Hispanic-serving credit union sits at a busy crossroads in the heart of the borough.
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