A new Harrisburg credit union that will cater to Harrisburg’s low-income population still hopes to open this summer in Midtown, its senior loan officer and manager said last week.
Robert Pauletta Jr., one of the pioneers behind the Tenants and Landlords Community Federal Credit Union, said the group is still awaiting final charter approval from the National Credit Union Administration to open on the first floor of the COBA Apartments building at 1224 N. Third St., a property owned by developer Dan Deitchman of Brickbox Enterprises Ltd.
Deitchman is chairman of the credit union’s board.
The credit union, which would be the only financial institution based in the capital city, was hoping to have everything wrapped up for a June opening. But business plans are still being finalized and the group continues to raise funds.
“It’s a lot of back and forth,” Pauletta said of the paperwork.
NCUA does not comment on timelines for charter applications under review.
Fitting out the Midtown space would be a relatively short process once approvals are in hand, Pauletta said.
He expects to be open by late summer or early fall. By next summer, the credit union is hoping to have between $500,000 and $1 million in assets, he added.