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Triangle Interests Federal Credit Union

PO Box 35148
Philadelphia, PA 19128

Contact: Michelle MacKinnon, Manager/CEO
Phone: (215)508-1618
Fax: (215)508-1616
URL: http://www.triangleinterests.org/tifcu.html
Email: ti@triangleinterests.org
Triangle Interests Federal Credit Union

Triangle Interests Federal Credit Union (TRIG) is the first and only national lesbian credit union in the U.S. Like other credit unions, TRIG's services are designed to help members make the most of their resources; and, unlike banks, TRIG will not generate profits for an outside group of stockholders. Earnings on loans and investments are reinvested into the credit union to expand services, lower loan rates, and maximize dividends returned to members.

Program



Client Population

Triangle Interests Federal Credit Union offers membership to all members of its immediate family and organizations that are members of Triangle Interests. To be a member of Triangle Interest, an individual must be a self-identified lesbian woman or a supporting organization, which enhances Triangle Interests' mission of improving the economic status of women. TRIG's clients are located primarily in the urban and semi-urban areas of the greater Philadelphia region, as well as in New York City. TRIG does not track the ethnicity of its members.

Impact

Triangle Interests is proud to sponsor Triangle Interests Federal Credit Union (TIFCU), the first and only national lesbian credit union in the United States. During 2003, Triangle Interests Federal Credit Union operated with total assets equaling $544,376. TRIG's loan portfolio totaled $274,756 and total loans disbursed were $255,805. Moreover, total deposits at TRIG during 2003 totaled nearly $500,000. Through these loans TRIG helped put money back into the lesbian community and its special savings programs helped women plan and save for their retirement, or purchase a home, or start a business.


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