LOWER EAST SIDE PEOPLE’S FCU EXPANDING COOPERATIVE FINANCE IN LOW-INCOME, IMMIGRANT NYC NEIGHBORHOODS MISSION STATEMENT LES People’s FCU is a community development credit union organized in 1986. Our mission is to promote economic justice and opportunity in NYC neighborhoods. We are owned by our members and dedicated to providing high-quality financial services and community development investments in low income, immigrant and other underserved communities. HISTORICAL GROWTH Assets Loans $60 Millions $50 $40 $30 $20 $10 $0 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Opened New Acquired Opened LES Merger with Branch in Staten Merger with Henry Mobile Branch Island branch Street Settlement FCU Homesteaders FCU New Central Harlem Branch Merger with Union Settlement FCU East Harlem Branch Changed Charter to “multiple group” Merger with St. Martin FCU INNOVATIVE SERVICES TO MEET COMMUNITY NEEDS • Low minimum balance accounts • Free checking with debit cards, no “courtesy pay” • Low-cost consumer loans • Credit-builder/savings loans • Home mortgage loans, including for ITIN holders • HDFC (Low-income housing coop) loans • Purchase loans for low-moderate income shareholders • Loans to HDFC buildings • Small business and microenterprise loans INNOVATIVE SERVICES (CONTINUED) • ITIN application (IRS-Certified site) • Financial Counseling • Free Tax Preparation • Deferred Action (immigration relief) loans • Foreclosure Prevention loans • LESPFCU offers its full range of products and services to all members, regardless of immigration status or past banking/credit history. EXPANSION STATEN ISLAND BRANCH LESPFCU STAFF ANNUAL MEETING CREDIT UNION PROMOTORAS YOUTH MONTH RAFFLE ID NYC LAUNCH FINANCIAL WORKSHOP MOBILE BRANCH STATEN ISLAND EAST HARLEM THE BRONX QUEENS.