Why choose Concord?
Our goal at Concord Federal Credit Union is to close the racial wealth gap by helping members achieve and sustain economic stability and self-sufficiency and build wealth for the long term.
CONCORD MEMBERSHIP ADVANTAGES
We are a cooperative institution. Members are owners and have a voice in how the credit union is run.
We are local. If you want to keep and invest your money in Bedford Stuyvesant, Concord Federal is an ideal place to do your banking.
Concord Federal offers its members caring, hands-on, personal service.
Our offerings are designed to meet the financial needs of the community, including unbanked and underbanked residents.
We offer lower loan rates, reduced fees, and the highest savings interest rates above most banks.
Members can bank from home or on the go with our mobile banking. Concord Federal’s robust online home banking makes it convenient for our members to perform transactions such as fund transfers and balance inquiries from home.
Members can open an account and apply for a loan on the same day.
We offer loan products specifically for those with low credit score issues or who want to build their credit history.
Concord Federal conducts financial literacy workshops and one-on-one counseling sessions.
We are regulated and insured by the National Credit Union Administration, an independent federal agency.
Concord Federal is an equal-opportunity lender.
WHO CAN JOIN?
Membership in the Concord Federal Credit Union is open to:
Members of The Concord Baptist Church of Christ and their family members
Employees and residents of the Concord Nursing Homes & Rehabilitation Center and their family members
Members of Mt. Sinai Baptist Church, Charity Baptist Church, Siloam Presbyterian Church, and New Journey Baptist Church and their family members
Residents of Concord Senior Housing and their family members
Students, Teachers, Parents, Staff of Ember Charter Schools and their family members
Grantees of the Concord Baptist Christfund and their staff and family members
Employees and Directors of Bedford Stuyvesant Restoration Corporation
Other members of the community!
Talk to us about your eligibility!
HOW TO JOIN
Please apply in person at our office
To schedule an appointment call 718-622-0623
Office Hours: Wednesdays and Thursdays, 11:00 am to 2:00 pm
Location: 833 Marcy Avenue, Brooklyn, NY 11216
Below is a list of documents to bring to your appointment:
A completed membership application. Find an application here.
Cash or check made out to Concord Federal Credit union for $30. This includes a $25 share (savings) account minimum deposit and the $5 membership fee.
Your Social Security Number
A Valid, unexpired government-issued photo ID (e.g., driver’s license)
Proof of Address (e.g., recent utility bill or bank statement)
Your email address and cell phone number (for online banking)
Social Security Number of Account Beneficiary
Social Security Number of Joint Account Owner, if applicable
$4,000 Accidental Death & Dismemberment benefit
No-cost benefit to members of Concord FCU:
This AD&D benefit and other items listed below have been provided through the cooperation of Concord FCU and National Income Life Insurance Company (NILICO), a New York State-based company servicing working families.
Please fill in the AD&D card and return it to our office, so you may receive your certificate of coverage and name your beneficiary. New York State law requires that each member be allowed to receive their certificate of coverage and properly name their beneficiary. If you do not name your beneficiary the $4,000 would be paid to your estate and may be taxable.
Those who fill out the card can have an optional Health Services Discount Program made available to them that provides household discounts of 10% to 60% on prescriptions, hearing care, vision care/products, and dental care.
You can also receive Child Safe Kits for your children and grandchildren at no cost. These kits help you gather vital data, photos, and fingerprints for authorities in the event of an emergency.
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NILICO has other supplemental insurance programs that are available strictly on a voluntary basis. After you have returned your card, if you do not receive your certificate of coverage or designate your beneficiary as provided for by New York state law, or if you have questions, please call National Income Life Insurance Company at 1-800-53-1426.
In lieu of mailing the card, you can respond online at mybenefits.nillife.com and enter the access code: sgalk.
FAQs
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If you are 18 years or older, you can have your own account with us. For those younger than 18 years old, a guardian can set up a Uniform Transfer to Minor’s Act account for the minor’s benefit.
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No, not if you have a family member who is a current member or is affiliated with Concord Baptist Church or one of our partners.
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When you come in for registration, you will need an unexpired government-issued identification with a photograph, a check or cash for $30, your social security number, and a document that verifies your address. That’s it!
There is a one-time $5 nonrefundable membership fee to join the credit union and you must maintain a minimum balance of $25 in your account at all times.
Visit our office to join the credit union. Our office hours are Wednesdays and Thursdays from 12 pm-2 pm. You may also call us at 718-622-0623 to schedule an appointment.
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No. However, having one or both of these attached to your account will ensure that any funds you leave behind will not go to the state as unclaimed funds. You may update or change this information at any time, in person or via email only. If you do choose to name a joint owner or beneficiary, we will need their address and Social Security Number.
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You can activate online banking yourself as long as we have your email address and cell phone number. You will be unable to register without these two things.
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Register for online banking! You will be able to transfer funds between your credit union account and your banking institutions. In addition all or most of your banking institutions. You can set up automatic weekly, biweekly, monthly, or one-time transfers to keep your credit union accounts active. You can also mail loan payments and deposits to the credit union.
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CFCU offers three personal loan products with affordable interest rates. Speak with a Concord Federal Credit Union staff member for complete loan information and rates.
CONTACT US
833 Marcy Ave, Brooklyn, NY, 11216
718-622-0623
Hello@ConcordFCU.org
HOURS
Wednesdays and Thursdays
11:00 am to 2:00 pm or call for an appointment
CFCU Routing Number #226074302
