Credit union · NCUA insured
Brooklyn Coop
A $57.2M credit union headquartered in Brooklyn, NY, with 6,274 members and 3 branches in New York. Best rates: savings 0.15% APY.
Brooklyn Coop Carrot Score
60
Carrot Score
Higher than 2% of U.S. banks and credit unions
#155 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Brooklyn Coop
Founded in 2001, Brooklyn Cooperative Federal Credit Union is a certified CDFI and Minority Depository Institution serving Central and Eastern Brooklyn.
The credit union operates three full-service branches in Bushwick, Bed-Stuy, and East New York.
- Headquarters
- 1308 Myrtle Ave, Brooklyn, NY 11221
- NCUA charter
- 24642
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to individuals who live, work, worship, operate a business, or belong to a community organization headquartered in specified Brooklyn and Queens community districts.
Employers and groups
- Membership is open to individuals who are part of organizations that are "Friends of Bk Coop" members.
Family and household
- Membership is open to relatives of or individuals living in the same household of an existing Brooklyn Cooperative FCU member.
Cost to join
- Joining requires a $25 membership fee.
- Joining requires a $30 membership share deposit.
Branches
3 branches in New York
Loading map…
New York
3 branches
- Bushwick branchMain office1308 Myrtle Ave, Brooklyn, NY 11221Directions
- East NY branch282 Chestnut St, Brooklyn, NY 11208Directions
- Restoration branch1368 Fulton St, Brooklyn, NY 11216Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.02% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 4.01% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.00% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $82 | $59 | — |
- CapitalNet worth ratio10.02%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late4.01%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.00%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$82Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Brooklyn Coop are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.