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.

ADVANTAGES | WHO CAN JOIN | HOW TO JOIN

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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.

Black Grandmom, daughter and granddaughter with their arms around each other

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, First Baptist Church of Crown Heights, and their family members
Residents of Concord Senior Housing and their 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: Tuesdays, 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

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MEMBERSHIP AGREEMENT

FAQs

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.
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.
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 Tuesdays, Wednesdays, and Thursdays from 11 am-2 pm. You may also call us at 718-622-0623 to schedule an appointment.
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.
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.
Register for online banking! You will be able to transfer funds between your credit union account and 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.
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.