Next City — One evening last September, at Brooklyn Cooperative Federal Credit Union’s main branch in Bed-Stuy, the credit union staff hosted a town hall to walk members through the credit union’s balance sheet — deposits, loans, other investments, capital reserves. CEO Samira Rajan emphasized the credit union’s key ratios, like its net worth ratio — capital reserves to total assets.
Next City — It’s a sunny August Saturday in Far Rockaway, and New York State Senator James Sanders Jr. could hardly be more in his element. He’s riding high, not only on his parade float leading the 3rd Annual Carnival in the Rockaways, but also in his relatively new position as chair of the NY State Senate Committee on Banks.
Get up-to-date on our work and some of our biggest media features in this end-of-year roundup.
Big thanks to everyone who joined us for our 2019 holiday party!
New York Daily News — New Yorkers can bank on these companies to do the wrong thing, advocates say.
The six “Worst Banks of 2019” got awards for bad behavior during an inaugural shaming ceremony held Tuesday by a coalition pushing for the creation of a New York City public bank.
El diario — El martes se celebró una ceremonia para premiar a los “peores bancos” de Nueva York. No fue una fiesta sino el escenario en el que una docena de grupos comunitarios volvieron a insistir en la necesidad de que se cree un banco municipal en el que se deposite el dinero de la ciudad y a la vez se invierta en necesidades de los ciudadanos.
BronxTalk — Our Julia Duranti-Martínez joins Mychal Johnson to talk about the growing movement for Community Land Trusts (CLTs) in NYC on BronxTalk.
The City — When a debt collector called Alba Ramirez, she had no idea who was on the other line or what the person wanted.
Daily News, op-ed by Carlos Menchaca, Betsy Plum, Natalia Aristizabal, and Deyanira Del Rio — As the first batch of New York City’s municipal ID cards nears expiration, Mayor de Blasio is pursuing a dangerous plan that would fundamentally change the program and put New Yorkers at needless and potentially serious risk.
The City — Pushback against adding a banking chip to new IDNYC cards intensified Thursday, with a demand from immigration, civil liberties and consumer groups to scrap the effort and introduction of a City Council bill to block it.