QUEENS, N.Y. – New York Mayor Michael Bloomberg and Rep. Carolyn Maloney yesterday joined community organizers for the opening of the East River Development Alliance FCU, the first new credit union in New York in more than a decade.
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The community development credit union was organized by the non-profit group that represents housing projects in Long Island City, Astoria, Woodside and Sunnyside and will serves residents in those Queens communities.
The new charter will offer savings accounts, money orders, direct deposit, payment of New York City Housing Authority rent and personal loans starting at $500.
