Credit union · NCUA insured
Lower East Side People's FCU
A $90.3M credit union headquartered in New York, NY, with 8,683 members and 4 branches in New York. Best rates: CDs 2.00% and savings 0.50% APY.
Lower East Side People's FCU Carrot Score
76
Carrot Score
Higher than 41% of U.S. banks and credit unions
#93 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 Lower East Side People's FCU
Lower East Side People's Federal Credit Union is a member-owned non-profit financial cooperative organized in 1986 that promotes economic justice and opportunity in New York City neighborhoods.
Organized by neighborhood activists to fill the void left by the closing of the area's last bank branch, the credit union is a certified Community Development Financial Institution (CDFI).
- Headquarters
- 37 Avenue B, New York, NY 10009
- NCUA charter
- 24232
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This may be incomplete or out of date, so check with the credit union before you apply.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
- Individuals who live or work within CDFI investment areas in New York City are eligible to join.
- Individuals who live, work, volunteer, worship, attend school, or belong to an organization located in Lower East Side, East Harlem, Central Harlem, the Bronx, or North Shore are eligible to join.
Employers and groups
- Any organization or business located in Lower East Side, East Harlem, Central Harlem, the Bronx, or North Shore is eligible to join.
- Individuals affiliated with one of the credit union's Select Partner Groups in NYC are eligible to join.
Family and household
- Family members of existing members are eligible to join.
Other ways
- Anyone who lives in an HDFC Co-op building is eligible to join.
1 more way to join
Other ways
- NYC residents who earn less than $50,000 annually are eligible to join (proof of income required).
Cost to join
- An annual account service fee of $5.00 is charged every July 31st for personal and business accounts.
- A minimum share deposit of $25.00 in a Share Account is required to maintain membership in the credit union.
Branches
4 branches in New York
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New York
4 branches
- Lespfcu Main BranchMain office37 Ave B, New York, NY 10009Directions
- Bronx Satellite branch941 Intervale Ave, Bronx, NY 10459Directions
- East Harlem Branch2285 2nd Ave, New York, NY 10035Directions
- North Shore branch2 St Pauls Ave, Staten Island, NY 10301Directions
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 | 21.35% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 4.45% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.29% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $97 | $59 | — |
- CapitalNet worth ratio21.35%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late4.45%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.29%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$97Peers’ 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 Lower East Side People's FCU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.