Van Cortlandt Cooperative Federal Credit Union

What Van Cortlandt Cooperative Federal Credit Union does

Van Cortlandt Cooperative Federal Credit Union (VCCFCU) is a federally chartered, member-owned not-for-profit credit union founded in March 1936 by Sidney Stahl, the first Managing Director of the New York State Credit Union League. The institution was originally organized to serve Cooperators of the Amalgamated Housing Cooperative and has since grown to serve over 2,500 members in the Bronx, New York. Its field of membership is structurally defined by residence or employment within specific housing cooperatives (Amalgamated, Park Reservoir, Mutual, Orloff Towers, and Cannon Heights) and a set of partner community organizations including the Van Cortlandt Jewish Center, Amalgamated Nursery School, and Van Cortlandt Park Alliance, with extended eligibility to immediate family members of existing members.

VCCFCU operates a single physical branch at 3960B Hillman Avenue in the Bronx with part-time teller windows (Mondays and Thursdays 2pm-8pm, Tuesdays and Wednesdays 9am-12pm) and a lobby capacity capped at four members. The product set spans share deposit products (Regular Shares at 0.35% APY, Youth Shares at 3.03% APY, Share Draft checking at 0.30% APY, IRAs at 0.55% APY, share certificates, and burial accounts) and a diversified lending portfolio (share secured loans at 3.50% APR, any-purpose 12-month loans at 5.99% APR, debt consolidation at 7.99% APR, mortgages, home equity, vehicle, seasonal, personal, open line of credit, and VISA Classic). The technology stack is commodity retail credit union infrastructure: online banking, mobile banking with mobile check deposit, bill payments, eStatements, Zelle peer-to-peer payments, and Credit Sense credit monitoring powered by TransUnion's VantageScore 3.0. Member deposits are federally insured up to $250,000 by the NCUA.

The revenue model is a standard net-interest-margin cooperative structure: dividend income from member share deposits is offset by interest income on the loan portfolio, supplemented by transactional fees. As a 501(c)-style cooperative, surplus is returned to members in the form of higher savings rates and lower loan rates rather than distributed as profit. The institution is governed by a member-elected Board of Directors with leadership comprising a CEO/Treasurer, CFO, Executive Assistant, and Board President, supported by Supervisory and Credit Committees. Growth is driven almost entirely through community-based referrals within the cooperative housing ecosystem, with no public funding, M&A activity, or geographic expansion outside the Bronx in evidence.

Name

Van Cortlandt Cooperative Federal Credit Union

Legal name

Van Cortlandt Cooperative Federal Credit Union

Website

https://vccfcu.com

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

11–50 employees

Short description

Van Cortlandt Cooperative Federal Credit Union is a federally chartered, member-owned credit union founded in 1936 in the Bronx, New York, serving approximately 2,500 members who reside or work in specific housing cooperatives and community organizations. It offers standard retail deposit and loan products with rates structured to return value to members rather than generate profit.

Ownership category

akta.pro rank

Product category

Community Credit Union

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Community credit union
• Consumer lending services
• Mortgage loan products
• Share savings accounts
• Cooperative banking

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Share Savings & Checking Accounts: Core deposit products including regular shares, youth accounts, share draft checking, and individual retirement accounts (IRAs). Members earn dividends on deposits.
2. Loan Products: Diversified lending portfolio including mortgages, home equity loans, vehicle loans, personal loans, debt consolidation loans, seasonal loans, share secured loans, and credit cards (VISA Classic). Interest income is the primary revenue driver.
3. Share Certificates: Term deposit products with fixed rates for members seeking guaranteed returns over specific periods.
4. Burial Accounts: Prepaid burial/funeral expense savings accounts for end-of-life planning.
5. Fee-based Services: Various banking fees including those disclosed in the fee schedule. Late fees may be charged on loans but waived during hardship situations.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Van Cortlandt Cooperative Federal Credit Union (VCCFCU) is a federally chartered, member-owned not-for-profit credit union providing retail banking and lending services to residents of the Amalgamated, Park Reservoir, Mutual, Orloff Towers, and Cannon Heights housing cooperatives in the Bronx, NYC. It offers share savings and checking accounts, youth accounts, share certificates, IRAs, burial accounts, mortgages, home equity loans, vehicle loans, personal loans, debt consolidation loans, share-secured loans, seasonal loans, open lines of credit, and a VISA Classic credit card, supported by online, mobile, and telephone banking channels.

Product overview

Van Cortlandt Cooperative Federal Credit Union operates as a single, unified community credit union offering a comprehensive range of financial products and services. The core offerings include share deposit products (savings, checking, youth accounts, share certificates, IRAs, burial accounts) and lending products (personal loans, vehicle loans, mortgages, home equity loans, debt consolidation, share secured loans, seasonal loans, and VISA Classic credit cards). Digital banking services are delivered through an integrated online and mobile banking platform featuring home banking, bill payments, mobile check deposit, and eStatements. The credit union also provides access to Zelle for peer-to-peer payments and Credit Sense for credit monitoring.

Differentiator

Problem solved

Functional benefit

Brands

• VCCFCU: Abbreviated name for Van Cortlandt Cooperative Federal Credit Union

Products and services

• Share Savings and Checking Accounts Basic savings (Regular Shares at 0.35% APY) and share draft checking (0.30% APY) accounts for members, with dividends paid on balances.
• Youth Accounts Savings accounts for young members paying a higher 3.03% APY dividend rate to encourage youth savings and financial literacy.
• Visa Debit Cards Debit card access linked to share draft checking accounts for point-of-sale purchases and ATM transactions.
• Share Certificates Term deposit accounts that offer fixed dividend rates for specified time periods, providing guaranteed returns for members.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts currently offering 0.55% APY and separately insured up to $250,000 by NCUA.
• Burial Accounts Pre-funded accounts designed to help members set aside savings for funeral and end-of-life expenses.
• Mortgages Home mortgage financing for member home purchases with fast, hassle-free loan processing.
• Home Equity Loans Loans secured by the borrower's home equity that provide access to funds for major expenses.
• Debt Consolidation Loans Loans designed to combine multiple debts into a single payment, currently priced at 7.99% APR, to simplify member finances and potentially lower interest costs.
• Open Line of Credit Revolving credit account allowing members to borrow up to a preset limit and repay as needed.
• Personal Loans Unsecured loans for personal financial needs, including any-purpose 12-month loans at 5.99% APR.
• Seasonal Loans Short-term loans designed for seasonal financial needs such as holiday or back-to-school expenses.
• Share Secured Loans Loans secured by the member's existing share savings, currently at 3.50% APR, offering lower rates using savings as collateral.
• Vehicle Loans Auto financing loans for purchasing new or used vehicles, available to qualifying members.
• VISA Classic Credit Card Revolving credit card offering competitive rates for everyday purchases and ongoing borrowing needs.
• Online Banking (Home Banking) Web-based banking platform enabling account management, transfers, bill payments, and eStatements with enhanced security via one-time passcode authentication.
• Mobile Banking App Smartphone and tablet app providing on-the-go account access, mobile check deposit, and account management features integrated with online banking.

Quantifiable outcome

• Youth Shares dividend rate of 3.03% APY - significantly higher than standard rates
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• CUNA Mutual Group's MEMBERCONNECT (TrueStage)minorGTM or Marketing PartnerJoint marketing partner for Credit Sense service. CUNA Mutual Group's MEMBERCONNECT provides the TrueStage credit monitoring and scoring platform integrated into VCCFCU's online and mobile banking. This partnership enables free credit score access for members.
• TrustageminorOthersInsurance partner offering member discounts on insurance products. Displayed on the Resources page as a partner providing additional member benefits.
• Amalgamated Housing CooperativecoreStrategic or Co-development PartnerFounding partner housing cooperative. The credit union was originally organized to serve Cooperators of the Amalgamated Housing. Many original charter members belonged to the Amalgamated Clothing Workers Union. VCCFCU moved to a larger location within the Amalgamated Cooperative in 2009.
• Van Cortlandt Jewish CentercoreStrategic or Co-development PartnerMembers of the Van Cortlandt Jewish Center are eligible for credit union membership, expanding the field of membership to this community organization.
• Van Cortlandt Park AllianceminorStrategic or Co-development PartnerEmployees, Board, and members of the Van Cortlandt Park Alliance are eligible for membership, extending services to this nonprofit organization in the Bronx.
• Amalgamated Nursery SchoolminorStrategic or Co-development PartnerFaculty, students, and parents of the Amalgamated Nursery School are eligible for membership, providing early financial services to the educational community.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Local Government Federal Credit Union: North Carolina-based federal credit union serving local government employees, family members, and community members with NCUA-insured cooperative banking. Comparable community-credit-union field-of-membership and member-owned cooperative structure.
• Municipal Credit Union: Large New York City-based community-charter credit union serving public-sector employees, residents, and family members across the five boroughs. Closest peer in terms of community-credit-union model, NCUA-regulated cooperative structure, and member-eligibility framework serving NYC residents.
• Lower East Side People's Federal Credit Union: Community-development federal credit union serving lower-income NYC residents and housing-organization members in Manhattan. Comparable small-scale, community-charter, member-cooperative credit union with similar field-of-membership tied to specific buildings and community organizations.
• Self-Help Federal Credit Union: Community-development federal credit union serving underserved communities across multiple states with low-income and housing-affiliated membership. Closely comparable mission-aligned, community-charter, cooperative credit union serving defined underserved member populations.
• Lower East Side People's Credit Union: NYC community-development credit union; closely matches VCCFCU's small-scale, housing-affiliation-based field of membership and member-cooperative model.

Broad incumbents

• Wright-Patt Credit Union: Large Ohio-based community federal credit union with multi-branch presence and full retail banking. Comparable NCUA-insured community credit union offering diversified consumer deposits and lending products.
• Amalgamated Bank: NY-chartered bank with deep historical roots in the Amalgamated Clothing Workers Union and labor movement — the same heritage that founded VCCFCU in 1936. Comparable mission-driven, union-affiliated customer base and NYC cooperative-community focus, but operating as a commercial bank at vastly greater scale.
• Bethpage Federal Credit Union: Large Long Island/NYC-area federal credit union offering full retail banking. Comparable NCUA-regulated cooperative structure, Long Island/Bronx-area geography, and broad consumer deposit/lending suite — though at significantly larger scale than VCCFCU.
• DCU (Digital Federal Credit Union): Large Massachusetts-based federal credit union with strong digital banking capabilities, mobile check deposit, and a community-charter model. Comparable NCUA-regulated cooperative structure and emphasis on digital member experience.
• Connex Credit Union: Connecticut-based community federal credit union with multi-branch retail banking model. Comparable NCUA-insured community credit union serving a defined geographic/employer field-of-membership with consumer deposits and diversified lending.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Van Cortlandt Cooperative Federal Credit Union