LOWER EAST SIDE PEOPLES FEDERAL CREDIT UNION

What their website says about applying

• Business and Personal Tax Returns of all business owners (last 3 years) source
• Financial Projections (3 years) source
• Get pre-qualified, apply and get approved, then close and move into your new home. source

Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• ITIN accepted ITIN holders welcome source
• Membership required Membership at LES People's FCU is required source
• Collateral flexible or not always required No collateral pledge required source

Only rules the lender's own pages state. Other requirements may apply.

Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Some loan amounts appear in multi-line page layouts and were not captured as verbatim evidence, so they are left blank. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. How do I become a member, and is there a fee or a minimum deposit?
   Credit unions lend only to their members.
2. What are the smallest and the largest loans you make?
   No loan amounts are stated on their website.
3. What is the APR, including fees, on your home mortgages?
   Their website does not state an APR. The APR includes fees, so it is the number to compare.
4. Is there a minimum credit score, and do you consider borrowers with little or no credit history?
   Their website does not say what credit history they accept.
5. Do you offer down-payment help, and is a homebuyer education course required?
   CDFI home loans often come with homebuyer education or down-payment help; their website does not say.
6. Do you offer free coaching or help preparing my application?
   CDFI certification requires development services, such as training or advice, alongside lending.
7. What documents will you need from me, and how long does a decision usually take?
   Their website describes some application steps (above); ask for the full document list.

Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.

On file with the NCUA as LOWER EAST SIDE PEOPLE'S (charter 24232). Source: NCUA 5300 Call Report quarterly data (public data) as of 30 Jun 2026, downloaded 3 Nov 2026: total assets, members and branch addresses.

An office shows where the lender has a branch, not where it lends or whom it lends to. Credit unions serve members only; check who can join. For the ZIP-code search, credit-union offices are placed at the centre of their ZIP code (approximate).

Figures from the 5300 Call Report filed by LOWER EAST SIDE PEOPLES FEDERAL CREDIT UNION (NCUA charter 24232, filed as “LOWER EAST SIDE PEOPLE'S”). Source: NCUA 5300 Call Report quarterly data (public data), cycle 30 Jun 2026; year-earlier figures from the 30 Jun 2025 cycle; downloaded 3 Nov 2026.

Loan mix (balances on 30 Jun 2026)

Balances are loans outstanding on the report date, not loans made during the year. A category with no balance does not mean the credit union never makes that kind of loan. Credit unions lend to members only; check who can join.

Same loan type, nearby, lower stated rate

Certified CDFIs whose head office is within 50 miles of this one and whose own website states a starting rate at least 0.5 points lower for the same loan type. Consumer loans count only where both lenders state an APR. A starting rate is not an offer: ask each lender what you would pay, and check that it lends where you are (credit unions also require membership).

• Auto / vehicle loans (this lender states from 6.25%): New York University FCU from 3.75% (1 mi, read 2 Nov 2026); Members Credit Union, Inc. from 4.99% (32 mi, read 2 Nov 2026)
• Personal / consumer loans (this lender states from 10.49%): New York University FCU from 7.50% (1 mi, read 2 Nov 2026); Members Credit Union, Inc. from 9.99% (32 mi, read 2 Nov 2026)
• Small-business loans (this lender states from 4.99%): Brooklyn Alliance Capital, Inc. from 2.00% (5 mi, read 2 Nov 2026); Renaissance Economic Development Corporation from 4.00% (1 mi, read 2 Nov 2026)

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section). Prime rate: FRED DPRIME. Stated rates: each lender's own website, read on the date shown.

The SBA's public loan data lists 8 SBA-backed approvals for LOWER EAST SIDE PEOPLES FEDERAL CREDIT UNION in fiscal years 2020–2026 (October 2019 to September 2026):

• 8 7(a) loans as the lender: $557,000 in total (gross amount approved), median $75,000

By fiscal year: FY2020 0 · FY2021 0 · FY2022 1 · FY2023 2 · FY2024 4 · FY2025 1 · FY2026 0.

How this lender was matched in the SBA files: NCUA charter 24232, found through the RSSD ID in NCUA records (SBA lists “Lower East Side People's Federal Credit Union”).

Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. LOWER EAST SIDE PEOPLES FEDERAL CREDIT UNION may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.

Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.

Other certified CDFIs in New York and New York

• AAFE Community Development FundLoan fund · New York, NYOfficial list only
• Abyssinian Baptist Church Federal Credit UnionCredit union · New York, NYOfficial list only
• Ascendus Inc.Loan fund · New York, NYChild-care facility financing, Credit-builder loans, Small-business loansVerified
• Business Consortium Fund, Inc.Loan fund · New York, NYSmall-business loansVerified
• Carver Federal Savings BankBank or thrift · New York, NYCommercial real estate loans, Microloans, Small-business loansVerified
• CHURCH OF THE MASTER FEDERAL CREDIT UNIONCredit union · New York, NYAuto / vehicle loans, Personal / consumer loans, Small-business loansVerified
• Community Development Trust, LP, TheLoan fund · New York, NYAffordable housing development loansVerified
• Community Development Venture Capital Alliance, TheVenture capital fund · New York, NYOfficial list only

All 76 CDFIs in New York