Participating Credit Unions

Actors Federal Credit Union

Located in the heart of Times Square, with a branch office in Los Angeles and soon Chicago, Actors FCU was formed in 1962 by a small group of actors who were tired of being denied credit because of their profession. Forty-six years later, we now have assets of $120 million and serve 17,000 members, nationwide. Under the progressive, innovative leadership of President Jeff Rodman, we constantly strive to surpass our members’ expectations. Actors FCU also boasts an impressive fleet of over 215 ATMs in the New York area.

Bethex Federal Credit Union

One of the founding credit unions in the PayNet Deposit Network, Bethex FCU was organized in 1970 by our tireless and entrepreneurial CEO Joy Cousminer. Created to bring low income persons into the financial mainstream and known as “The Credit Union That Can”, Bethex FCU is a respected financial institution with just under $15 million in assets. We now serve over 9,000 members at three full-service branches in the Bronx and Manhattan.

LOMTO Federal Credit Union

Chartered in 1936, LOMTO FCU was the original vision of a small group of New York City taxi medallion owners, who wanted to help themselves and their fellow taxi drivers during a time of severe financial hardship. Led with that same visionary spirit by CEO Richard Kay, we now have assets totaling more than $130 million and a membership of approximately 3,000. LOMTO FCU counts among its field of membership, members of LOMTO, Inc., family members of existing LOMTO FCU members, many who live, work, worship and study in certain areas on the west side of Manhattan, as well as businesses and other legal entities in those areas.

Melrose Credit Union

Established in 1922 to provide financial resources to individuals and small business owners in the Bronx, Melrose CU, under the experienced, adept leadership of Treasurer Alan Kaufman, now serves over 20,000 members nationwide from their beautiful headquarters in Queens. Committed to community empowerment and with almost $1 billion in assets, Melrose CU ranks as one of the most successful financial institutions in the United States.

Neighborhood Trust Federal Credit Union

Neighborhood Trust Federal Credit Union opened its doors in 1997. A community development credit union, we were established in response to the growing financial disenfranchisement of Upper Manhattan. We work closely with our sister organization, Credit Where Credit Is Due, Inc. (CWCID) to provide free financial literacy to our community. Executive Director, Justine Zinkin, sits at the helm of both Neighborhood Trust FCU and CWCID. We have assets of more than $7 million and serve approximately 5,000 members.

Progressive Credit Union

Progressive Credit Union is an open-charter credit union under the Supervision of the New York State Banking Department. In business since 1918, Progressive has more than 6500 members and assets of more than $515 million dollars. Located in mid-town Manhattan, Progressive specializes in Tax-Medallion and Radio Car loans. Under the direction of CEO, Robert Familant, progressive is the newest credit union to join the PayNet Deposit network family.

Union Settlement Federal Credit Union

Located at 104th street in the heart of East Harlem, Union Settlement Federal Credit Union was chartered in 1957 by a group of community leaders from Union Settlement Association, one of the oldest settlement organizations in the United States. We have assets of over $8 million and serve 5,000 members in the East Harlem community. Under the dedicated leadership of CEO Audia Williams, we are committed to providing traditional financial services, educating our membership in sound financial management, and advocating for equitable financial policies and services in our membership and the community at large

And… Your Credit Union?

It doesn’t take much more than a decision for your credit union to join the Credit Union PayNet Deposit Network. If you are a member of a credit union not listed here, tell them about the PayNet Deposit network and how much you’d like to be able to make deposits conveniently and safely at any of 160 locations and send them a link to this site.