Unverified listing What this means
The Lender Report built this page from public records. Lower East Side People's Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about Lower East Side People's Credit Union itself. Each figure shows its source and date. Work at Lower East Side People's Credit Union? You can claim this page for free.
Credit union, New York, NY
Lower East Side People's Credit Union
A credit union based in New York, NY. Its commercial book is mostly multifamily. Public files show recent SBA 7(a) loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $20.0M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 0
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 5
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $84.8M
- NCUA 5300,
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How to reach them
Each line shows where it came from
- Phone
- 212-529-8197 From the NCUA record, June 30, 2026.
- Website
- www.lespeoples.orgFrom the NCUA record, November 9, 2026.
- Commercial lending page
- lespeoples.orgFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- LOWER EAST SIDE PEOPLE'S; Lower East Side People's Federal Credit UnionNCUA 5300,
- Address
- 37 Avenue B, New York, NY 10009NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Multiple common bond - other. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. Lower East Side People's Credit Union reported $1.5M of C&I loans as of June 30, 2026, up from none the prior quarter. NCUA 5300,
| When | What the record shows | Source |
|---|---|---|
| October 21, 2026 | Certified by the CDFI Fund as a Community Development Financial Institution.Membership in a public list, not lending volume. | CDFI Fund certified list, |
| Oct 2023 to Sep 2026 | SBA 7(a) approvals by processing method: 5 SBA Express.SBA ProcessingMethod field, net of cancellations. | SBA FOIA, |
| Jun 2025 to Jun 2026 | Multifamily balance rose 0.3% to $18.5M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| 2023-10 to 2026-09 | Named as the lender on 3 mortgages recorded in New York City.exact normalized lender name and state, or a reviewed alias | NYC ACRIS recorded mortgages |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Jul 2025 | New York | SBA 7(a), Drinking Places (Alcoholic Beverages) | $100K | 13.5% | 5 yr | SBA FOIA | |
| Jul 2024 | New York | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $100K | 13% | 7 yr | SBA FOIA | |
| Jun 2024 | New York | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $150K | 14.5% | 7 yr | SBA FOIA | |
| Mar 2024 | New York | SBA 7(a), Full-Service Restaurants | $50K | 14% | 5 yr | SBA FOIA | |
| Dec 2023 | New York | SBA 7(a), Offices of Dentists | $100K | 13% | 5 yr | SBA FOIA | |
| 5 SBA 7(a) loans since October 2023, net of cancelled | $500K | SBA FOIA | |||||
A blank means the source did not report it.
Recorded mortgages, New York City
NYC ACRIS, September 30, 2026
Mortgages recorded in New York City in which this lender is named as the lender. A recorded document is not the whole of a lender's activity and is not joined to HMDA or SBA data.
- 3 mortgages recorded in New York City (the five boroughs) from Oct 2023 to Sep 2026 name Lower East Side People's Credit Union as the lender, totaling $1.00M.
- 2 of them were recorded in the latest 12 months of that window.
| Property class | Mortgages | Dollars |
|---|---|---|
| Multifamily | 3 | $1.00M |
| Borough | Mortgages |
|---|---|
| Manhattan | 2 |
| Brooklyn | 1 |
How these documents were tied to this lender: exact normalized lender name and state, or a reviewed alias.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $18.5M | 30.9% | +0.3% | 57 | $324K |
| Construction and land development | $0 | 0.0% | Not reported | 0 | Not reported |
| Owner-occupied CRE | $0 | 0.0% | Not reported | 0 | Not reported |
| Non-owner-occupied CRE | $0 | 0.0% | Not reported | 0 | Not reported |
| Farmland | $0 | 0.0% | Not reported | 0 | Not reported |
| Commercial and industrial | $1.50M | 2.5% | Not reported | 1 | $1.50M |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $20.0M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $19.6M |
| Q4 2023 | $19.4M |
| Q1 2024 | $19.1M |
| Q2 2024 | $19.0M |
| Q3 2024 | $18.9M |
| Q4 2024 | $18.8M |
| Q1 2025 | $18.6M |
| Q2 2025 | $18.4M |
| Q3 2025 | $17.3M |
| Q4 2025 | $17.5M |
| Q1 2026 | $16.5M |
| Q2 2026 | $20.0M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 5 | $500K | $100K | $150K | SBA FOIA, |
| C&I | First half of 2026 | 1 | $1.5M | NCUA 5300, |
How these public files were tied to this lender. SBA 7(a) loans: its NCUA charter number.
| Book | Average loan |
|---|---|
| Multifamily | $324K |
| Commercial and industrial | $1.50M |
Program lists that name this lender
Membership, not lending volume
- Listed by CDFI Fund: List of Certified CDFIs as: Certified CDFI (October 21, 2026). Certified by the CDFI Fund as a Community Development Financial Institution. Kind of institution: Credit Union. Certification: Certified by the CDFI Fund since 2026-09-28.
Being on a list says the lender is a member of that program on the date shown. It does not say how much it lends.
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| New York HQ | 5 | 5 | 0 |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $10.4M | $5.19M to $19.0M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $20.9M | $0 to $17.0M across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 200.9% | 0.0% to 110.3% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $2.72M | $928K to $2.97M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 102.0% | 0.0% to 92.5% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 70.4% | 27.5% to 82.9% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- SBA Express
- 5 loans
- Approval to first disbursement
- 38 days, median of 5
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Great Erie Credit Union | NY | $150M | $1.97M |
| Italo-American Credit Union | NY | $42.4M | $5.72M |
| Greater Metro Credit Union | NY | $76.9M | $1.45M |
| Community Resource Credit Union | NY | $120M | $201K |
| Ukrainian National Credit Union | NY | $155M | $17.0M |
| New York University Credit Union | NY | $77.7M | $0 |
| Kenmore N. y. Teachers Credit Union | NY | $69.5M | $0 |
| Westport Credit Union | MA | $82.2M | $364K |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it made any commercial real estate loans in the first half of 2026. It reported none, and the 5300 covers only what it files.
- Whether it makes multifamily loans. No HMDA multifamily loans are on file under this name for 2024 or 2025.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Lower East Side People's Credit Union, NCUA charter 24232. Compare it with the regulator's record. [NCUA profile]
- Balances. $84.8M in total assets and $20.0M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. Your NCUA Form 5300 for June 30, 2026 reports no commercial loans made, and 5 loans in SBA files, through September 30, 2026: 5 SBA 7(a) in 36 months. [How each file was tied to Lower East Side People's Credit Union]
- Phone and website. Phone 212-529-8197, from the NCUA record. Website lespeoples.org, from the NCUA record. [How to reach them]
- Recorded mortgages, New York City. 3 recorded mortgages in New York City under this name. [Source]
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For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- National Credit Union Administration
- NCUA charter
- 24232
- RSSD
- 176295
- The Lender Report ID
- lr_005818
- Main office county
- New York
- Members
- 8,615
- NCUA region
- 1 - Eastern
NCUA credit union details,
- Reported $84.8M in total assets as of June 30, 2026 (NCUA 5300).
- Held $20M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $18.5M of multifamily loans as of June 30, 2026, up 0.3% from a year earlier (NCUA 5300).
- Held $1.5M of commercial and industrial loans as of June 30, 2026 (NCUA 5300).
- Recorded 5 SBA 7(a) approvals totaling $500K from October 1, 2023 to September 30, 2026 (SBA).
- Held $393K of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
3 more sentences
- Listed 5 offices in 1 state (NCUA).
- Certified by the CDFI Fund as a Community Development Financial Institution. (CDFI Fund list, as of October 21, 2026).
- Named as the lender on 3 mortgages recorded in New York City from 2023-10 to 2026-09, totaling $1M (NYC Department of Finance, ACRIS).
Cite this
Source: The Lender Report, Lower East Side People's Credit Union, https://lender.report/lender/lower-east-side-people-s-credit-union-ny/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
- CDFI Fund certified list, October 21, 2026
- NYC ACRIS recorded mortgages, September 30, 2026
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.
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Work at Lower East Side People's Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem