HARRISBURG, Penn.–A start-up credit union that plans to launch later this year is turning to crowdfunding.
The Tenants and Landlords Community Federal Credit Union, which is being created to serve this city’s low-income population and which plans to open by summer, has created a crowdfunding page ahead of its next fundraising event, set for April 9.
The Pennsylvania CU Association quoted Robert Pauletta Jr., who will serve as the credit union's senior loan officer and manager, as saying the GoFundMe page is a backup for the event, which expects to attract at least 200 people.
"We hope to have it up and running before our next event, if (supporters) can't make the event," he told the PCUA.
The new credit union will be based on the first floor of the COBA Apartments building, which is owned by developer Dan Deitchman of Brickbox Enterprises Ltd. Deitchman is chairman of the credit union's board.
The PCUA said that TLC Federal Credit Union is currently in the process of getting its charter approval from NCUA.