In 1992, a few Latino men at New York University got together with the purpose of starting a Latino fraternity that would address the needs of students of color - something that up to that point did not exist on campus in the form of a brotherhood. In the months that followed they met with, and investigated, a number of Latino fraternities. However, they were met with disillusion - these organizations failed to address their concerns. At this point the idea of starting the first Latino fraternity at NYU was abandoned.

Two years later, in the fall of 1994, Roberto Cardona and Steven Gonzalez met for the first time in a Latin American Studies class. Little did they know that they had an important thing in common; they both had cousins in the "Latino fraternity from Cornell." They also had the desire to be part of this organization. At this point, they impressively managed to get together part of the group that two years earlier had tried to start a Latino fraternity. Together with four freshmen, we became an interest group of La Unidad Latina, Lambda Upsilon Lambda Fraternity, Inc. It seemed that for the first time everything fit perfectly.

On February 25, 1994, after being approved by the National Council, the Founding/Alpha pledge class of the Omicron Chapter went on line. Ten weeks later, on May 6, 1994, a dream that had taken some of us two years to see, became a reality. So it became that New York University for the first time had a Latino Greek organization and the first Greek organization of color. Since it was founded, the Omicron Chapter has been very active in the social, educational and cultural aspect of the Latino community on campus (see events). We have also upheld the principles La Fraternidad stands for: Brotherhood, Academic Excellence, Community Service & Cultural Awareness.