Press and Awards

Report: Disparities in Chicago Condominium Stock in Low-Income Neighborhoods

December 12, 2018

Upon seeing condominium associations struggle to fund necessary repairs in its own neighborhood, Northside Community Federal Credit Union, with a grant from the Chicago Community Trust, commissioned the Institute for Housing Studies at DePaul University to examine the diversity of condominium stock in Chicago, specifically the risk of financial distress for homeowner associations (HOAs). The study found a disproportionate amount of HOAs in lower-income neighborhoods at increased risk of foreclosure and other economic stress.

Read the full press releaseopens in new window(PDF) and download the free report.

North Side Community 2018 Impact Data

  • Helped 1,000+ individuals avoid or refinance out of predatory debt.
  • Hosted second chance checking accounts for 100 individuals who had Chexsystems records, helping them affordable access a debit product.
  • Provided credit counseling, financial literacy training, and housing counseling for over 300
  • Referred out over $6 million in mortgages loans to first-time homebuyers program to our financial institution partners.
  • Continue the Gender Affirming Products Loan Package – the first industry loan product to ever be marketed to the LGBTQ community.

Press 2018

Bisnow: Small Condo Buildings Across City Still Plagued By Foreclosuresopens in new window

Next City: Can the Affordable Condominium Survive in Today’s Chicago?opens in new window

The Christian Science Monitor: Need emergency cash? Payday loans aren’t your only alternative opens in new window

Press 2016

Windy City Times:  Credit Union Launches First of Kind Productopens in new window

Wall Street Journal: Thisopens in new window Wall Street Journal Article Links to an opinion pieceopens in new window written by North Side CEO Sarah Marshall

Consumer  Consumer Financial Protection Bureau announcement of appointment of North Side CEO to Credit Union Advisory Councilopens in new window.

Credit Union Times: Success strategies of small credit unionsopens in new window

CUNA News: Small Credit Unions Remain Relevantopens in new window

Credit Union Times: Credit Union Launches Gender Affirming Loan Productopens in new window

Historical Press

National Federation Funds North Side CDCU to Expand Financial Services to Older Adults.opens in new window
The Federation’s grant will provide North Side with the opportunity to focus on marketing and community outreach efforts, on building new relationships, promoting new product offerings, and developing financial programs for low-income older and potential new members.
Published July 2011

Credit From the Corner Storeopens in new window
Activists say payday lenders exploit the poor, but better borrowing options are hard to find. North Side is cited as an exemplary alternative to payday loans.
Published in Chicago Reader, June 30, 2011

Unbanked but No Longer Ignored: Regulators, Firms Take Aim At Payday-Lending Marketopens in new window
North Side is cited as an exemplary credit union offering short-term loans as an alternative to payday lenders.
Published in The Washington Post, October, 2009



Good Neighbor Award for Community Advocacy by the Uptown Chicago Commission, May 2009

Chicago Neighborhood Development Award for Non-Profit Community Building, 2004

Community Partnership Award, presented by the Vietnamese Association of Illinois, November 16th, 2002

The Mongsignor John Egan Campaign for Payday Loan Reform Vision Award, 2001

Certificate of Community Service, presented by the Chicago Council on Urban Affairs, November 12th, 1996

Eureka Mentor Award, presented by The Eureka Foundation, March 1993

Community Reinvestment Act (CRA) Medal of Honor, presented by the Woodstock Institute, May 15, 1991

Neighborhood Award, presented by Trust, Inc. Community Development Lending Program, 1988

Outstanding Volunteer Service, presented by Uptown Center Hull House, 1981

Recognition of Distinguished Service, presented by Hull House Association, November 17, 1980