Community Good Episcopal Federal Credit Union (formerly New York Episcopal Federal Credit Union)
Faith-Based Banking for a Just and Inclusive Future
Community Good Episcopal Federal Credit Union (formerly New York Episcopal FCU) is a member-owned, federally insured financial institution dedicated to bringing the Church’s values of justice, equity, and dignity to life. Chartered in November 2022 and officially opened in February 2024, the credit union was established to serve the Episcopal Diocese of New York and its extended community.
Membership is open to you if:
• You are a member, priest, or employee of one of the parishes in the Diocese of New York
• You are involved in any organization or ministry affiliated with our churches, including Episcopal schools, after-hours programs, food pantries, meal programs, or the Rural & Migrant Ministry
• You are a family member or partner of someone who is already a member
We exist to support this vibrant community clergy, parishioners, staff, and ministry partners through values-driven, inclusive financial services.
Why the name change?
Effective September 29, 2025, New York Episcopal Federal Credit Union will become Community Good Episcopal Federal Credit Union, a name that better reflects our mission and the broad, inclusive community we serve. This meaningful change aligns with the installation of The Very Rev. Winnie Varghese as Dean of the Cathedral of St. John the Divine, marking a new chapter for both the Cathedral and our credit union.
Our Mission
Community Good Episcopal Federal Credit Union (formerly New York Episcopal FCU) exists to help low- and moderate-income members improve their economic and social conditions. It is committed to financial inclusion, offering tools and services that help individuals and families reach their goals and build lasting stability. Together with its members and donors, the credit union is creating pathways to economic opportunity guided by compassion, accountability, and shared values.
Why It Matters
Our Credit Union is about more than banking; it’s about community. It prioritizes service over profit, and every member has a voice. Deposits are insured up to $250,000 by the NCUA, offering peace of mind alongside personal care.
What the Credit Union Offers
The credit union provides safe, accessible, and affordable services designed with its members in mind:
No-minimum checking accounts
Savings accounts with just a $5 minimum balance
Share Certificates (6-month and 1-year options)
Business accounts
Personal loans
Free ATM access across the VISA network. If you use an out-of-network ATM, we’ll reimburse up to $15/month in surcharges at the end of every month
Free check cashing on mobile app
Shared branching for easy account access nationwide
Debit cards and convenient online/mobile banking
