Cooperative Federal Credit Union was established in 1936 in Woodridge, NY, to address the financial needs of Jewish farmers who faced challenges in obtaining insurance and loans from traditional institutions. The credit union was formed by a group of individuals who shared a common bond as members of The Cooperative Fire Insurance Companies of Sullivan and Adjoining Counties, and it has since expanded its membership to include employees of Associated Mutual Insurance Cooperative and small business employment groups.
With a history spanning over 75 years, Cooperative Federal Credit Union has provided over $61 million in loans, maintaining a remarkably low charge-off rate. The credit union's annual meeting, held in May, serves as a platform for members to review the previous year's business, elect board members, and celebrate the institution's enduring success and longevity.
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