Local credit union celebrates another banner year

April 19, 2018 Helen Klein
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The Bay Ridge Federal Credit Union celebrated another year of successes at the organization’s annual meeting, held on Wednesday, April 11 at the Bay Ridge Manor.

The credit union — which was founded in 1934 — “funds the American dream,” according to Supervisory Committee member Charles Capetanakis, through the loans it gives to businesses seeking to expand and individuals looking to make home improvements, pay for an education or buy a home.

In 2017, according to credit union President Anthony Grigos, the organization made approximately 1,200 loans, amounting to $28.6 million.

“The small loans,” Grigos stressed, “are part of our identity as a credit union. The small entrepreneur or the immigrant family, like my own, who came to this country with my three-year-old self to start a new life, turning to family friends and small credit institutions like credit unions to give the helping hand. In the same manner, we helped our members for the past 84 years.”

To make it even easier for customers to take advantage of all the credit union has to offer, it has also been expanding its online capabilities, Grigos said, including expanding its presence on Facebook, Instagram and Twitter. This past year, 17 percent of personal loan applications originated online, he noted.

“We have invested in developing our website and loan application system to make applying online much easier,” he went on, as well as debuting the credit union’s new mobile app.

“It represents a milestone into a new ear for our credit union,” Grigos enthused, “one that will reach to a new generation of members bringing the Bay Ridge Federal Credit Union to you.”

The Bay Ridge Manor is located at 476 76th Street.

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