Question 1

What is Transit Authority Division B Credit Union?

Accepted Answer

Transit Authority Division B Credit Union is a member-owned financial cooperative serving New York City transit employees and their families. Located at the MTA's 207th Street facility in Inwood, Manhattan, the credit union specializes in providing accessible banking services to transportation workers. With approximately 1,525 members and $6.1 million in total assets, this community-focused institution operates as a not-for-profit organization dedicated to meeting the financial needs of its transit worker membership.

Question 2

When was Transit Authority Division B Credit Union founded?

Accepted Answer

Transit Authority Division B Credit Union was founded in 1935 to serve transportation services employees in New York City. The credit union was established during a period when transit workers needed dedicated financial services that understood their unique employment situations and schedules. For nearly 90 years, the institution has remained committed to serving the transit worker community, evolving alongside the Metropolitan Transportation Authority (MTA) and its workforce.

Question 3

Where is Transit Authority Division B Credit Union headquartered?

Accepted Answer

Transit Authority Division B Credit Union is headquartered at 3961 10th Avenue, Room 230 in the Inwood neighborhood of New York, NY 10034. The credit union operates from within the MTA's 207th Street bus depot facility, making it conveniently accessible to transit workers at this location.

Question 4

Where does Transit Authority Division B Credit Union operate?

Accepted Answer

Transit Authority Division B Credit Union primarily serves members associated with the MTA's Division B operations in New York City. The credit union's field of membership includes employees working at the 207th Street depot and related transit facilities, as well as immediate family members of current members. This membership structure reflects the credit union's focus on serving a specific occupational community within the New York City transit system.

Question 5

What services does Transit Authority Division B Credit Union offer?

Accepted Answer

Transit Authority Division B Credit Union provides essential banking services tailored to transit workers' needs. The credit union offers share accounts (savings), checking accounts, and various loan products including auto loans and personal loans. Members benefit from federally insured savings backed by the National Credit Union Administration (NCUA). The credit union maintains a website at divbfcu.com and can be reached by phone at (212) 942-1448 for member inquiries and service information.

Question 6

What makes Transit Authority Division B Credit Union unique?

Accepted Answer

Transit Authority Division B Credit Union distinguishes itself through its specialized focus on serving New York City transit workers. Located directly within an MTA bus depot facility, the credit union offers unparalleled convenience for members who work at the 207th Street location. The institution's deep understanding of transit workers' schedules, income patterns, and financial needs allows it to provide personalized service tailored to this occupational community. As a not-for-profit cooperative, the credit union prioritizes member financial well-being over profit maximization, ensuring accessible and affordable financial services.

Question 7

What type of financial institution is Transit Authority Division B Credit Union?

Accepted Answer

Transit Authority Division B Credit Union operates as a federal credit union under NCUA Charter Number 798. As a federally chartered credit union, it is regulated by the National Credit Union Administration and benefits from federal insurance protection. The credit union follows the cooperative financial model, meaning it is owned and democratically controlled by its members. Membership is restricted to individuals who work for or are affiliated with New York City's MTA Division B operations and their immediate family members, reflecting the occupational common bond that unites the membership.

Transit Authority Division B Credit Union

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Transit Authority Division B Credit Union in the United States