Credit union could become reality for Youngstown organization

Credit union could become reality for Youngstown organization

YOUNGSTOWN, Ohio (WYTV) – The Community of Faith Collaborative Union (COFCU) is another step closer to starting a credit union in Youngstown.

Covelli Enterprises donated $25,000 to help the group. The COFCU needs $150,000 to be eligible for $1.5 million, which would help its goal of assisting the community.

Right now, the organization has collected $75,000, which is halfway to reaching its goal.

“We have an address, we have a phone number, and we have a name on every dollar. We are confident by July 1, we will have $150,000 at least, if not more,” said Reverend Henry McNeil.

When enough money is raised, the organization could go to the state and ask for a charter to set up the credit union.

 

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