Latest News & Events
Welcome to the Concord FCU newsroom.
Please check back often for the latest news, events, promotions, and more!
APRIL is Financial Literacy Month
Celebrate Financial Literacy Month by scheduling a FREE appointment with a Certified Financial Planner. Concord FCU in partnership with Bedford Stuyvesant Restoration Corp is offering access to personalized guidance from a CFP® professional. Receive a customized financial plan tailored to your unique goals. Call the credit union office Tues-Thurs from 11AM-2PM at (718) 622-0623 and schedule yours today!
What is DTI?
Did you know your Debt-to-Income (DTI) ratio could be the key to unlocking your next loan? At Concord Federal Credit Union, we break down the numbers so you can borrow smarter and build your future with confidence.
Understanding your DTI means understanding your power as a borrower—and we’re here to guide you every step of the way.
Follow us for more tips to boost your financial knowledge and take control of your goals!
“I switched to Concord because they truly listened to my dreams.” 🗣️✨ At Concord FCU, every member’s story matters. We look beyond numbers to help you build your future, your way. Ready to experience banking that puts people first? Tap the link in our bio and join our community today! 🏦💙
Stop Paying 25% APR
Tired of high-interest credit cards draining your wallet? Take control and break free from 25% APR rates! Every dollar you save on interest is a step closer to building your family’s future. At Concord Federal Credit Union, we see you—not just your credit score.
Ready to start saving? Call 718-622-0623 and let’s rewrite your financial story together.
The Most Powerful Women in Finance: Racquel Oden, HSBC
Racquel Oden's role spans two of HSBC's most strategically important businesses: she serves as U.S. head of international wealth and premier banking and U.S. head of global private banking. Since joining HSBC in 2023, Oden has been instrumental in driving the bank's strategy to expand its wealth business in the U.S., which is a key growth market within the bank's global portfolio. Achieving these goals at a tumultuous time for markets and geopolitics brings its own set of challenges, as HSBC's wealth and private banking serves 20 million clients worldwide. "With a client base that is globally minded, my biggest challenge today is ensuring that we are providing the same world-class advice that our clients have come to expect in a world that is constantly changing and evolving," Oden said. "The news headlines have moved so rapidly this year, it's our responsibility as wealth advisors to anticipate what's around the corner and deliver tailored advice in a personal way — all at once."
The Most Powerful Women in Finance: Kourtney Gibson, TIAA
Just six months after Kourtney Gibson was promoted from chief institutional officer to CEO of TIAA Retirement Solutions, global stock markets crashed in response to jitters over U.S. trade tariffs. For Gibson and the nearly 900-employee retirement solutions business, the market volatility represented a pressing challenge. "During April 2025's significant market disruption, our clients faced tremendous uncertainty with regards to their retirement plans," said Gibson, who became CEO last October. "It was essential our teams remained calm and confident, particularly while call volumes spiked, and were agile enough to pivot with our clients' changing needs." (Gibson was ranked on her 2024 title of Chief Institutional Client Officer.) Amid the market turbulence, TIAA clients poured money into the company's flagship fixed annuity, TIAA Traditional. This, according to Gibson, demonstrated investors' growing interest in guaranteed asset classes as part of a diversified portfolio.
The Most Powerful Women in Finance: Anu Aiyengar, JP Morgan
Anu Aiyengar can measure the change in her role over the last year by the miles she has traveled. As global head of advisory and M&A for J.P. Morgan, Aiyengar circled the planet in May. Her journey, which included a mix of internal and external meetings and conferences, began in southern California and touched down in London, Hong Kong, Shanghai, Sydney and Melbourne. At every stop, she met with employees in town halls, small groups and one-on-ones. Aiyengar has been global head of M&A at J.P. Morgan since 2023, and she still spends time advising clients on deals. But her role expanded in 2024 as part of an internal merger of the bank's investment, corporate and commercial banks. She is one of four investment banking executives on the combined bank's executive and operating committee, which also has representatives from the other business lines.
The Most Powerful Women in Finance: Thasunda Brown Duckett, TIAA
When TIAA launched an IRA product broadening access to its proprietary annuity products on March 10, the stock market recorded one of its most volatile days in years. Investors were fretting over the impact of tariffs and the possibility of a recession. The day's roller coaster ride reinforced what TIAA president and CEO Thasunda Brown Duckett already believed about the value of lifetime income annuities. "Guaranteed income isn't a luxury, it's a necessity," Duckett said, arguing that people want security they can count on regardless of market swings. "That's why we're committed to expanding access to guaranteed lifetime income solutions, in both the institutional and retail markets."
Message from the Chair of Concord Federal Credit Union, Adrienne Braswell
It is with great honor that I address the membership as the newly elected Board Chair of Concord Federal Credit Union. It is an extraordinary privilege, and I am deeply humbled by the trust you have placed in me to serve our members, this historic institution, and the broader community. I also extend my sincere gratitude to former Chair Deborah Boatright for her unwavering support, friendship, and exceptional leadership.
This year marks a significant milestone of resilience and legacy, as the credit union celebrates its 75th anniversary! Anniversaries such as this invite us not only to celebrate, but also to reflect on the purpose that gave rise to faith-based credit unions and to honor those whose vision, courage, and sacrifice made our progress possible.
Seventy-five years of success did not happen by chance. It was built by members who showed up, understood the challenges, and did the work — even during the periods of economic exclusion and discriminatory lending practices by mainstream banks. Their determination ensured access to fair financial services, promoted self-sufficiency, and enabled homeownership in neighborhoods that had long been unfairly redlined. Because of their commitment, this institution continues to proudly serve the Bedford-Stuyvesant community today.
If we are to remain financially strong and positioned to achieve the goals of the next decade and beyond, we must continue to grow and strengthen our membership with individuals who understand that stewardship requires action. Growth is not simply about numbers — it is about engagement, leadership, and shared responsibility. The duty to sustain and advance this legacy now rests with us. The question before each of us is: What will be your contribution to helping move this credit union into its next chapter of success?
Looking ahead, I am filled with optimism and deeply committed to advancing our mission as we take a strategic and thoughtful view of our future. Together, we will build upon our rich legacy while continuing to serve as a beacon of opportunity and empowerment for our members and the community.
Our primary focus in 2026 will be strengthening and expanding our membership, deepening strategic partnerships, exploring innovative business models that support growth and long-term stability, and increasing our engagement and measurable impact within the communities we serve.
Finally, I extend my sincere thanks to our dedicated staff and outgoing Directors for their leadership and commitment. I also warmly welcome our incoming Directors and look forward to the collaborative work ahead as we pursue our shared goals.
Thank you again for this remarkable opportunity to serve. I am energized by the journey ahead and confident in what we will accomplish — together.
Sincerely,
Adrienne Braswell, Chair
Concord Federal Credit Union Board of Directors
Introducing The Vacation Savings Club
Concord Federal Credit Union is pleased to announce the launch of the Vacation Savings Club account-- the newest addition to the credit union’s product offering.
50/15/5 Rule, A Simple Guide for Savings & Spending (Fidelity)
Allocate 50% of take home pay to essential expenses (Rent, food, utilities, health insurance)
Save/automate 15% of pre-tax income for retirement (401K, IRA)
Stash 5% of take home pay for unplanned expenses (Emergency fund)
Final Thoughts...
Research shows that by sticking with the 50/15/5 Rule lays the foundation for managing your money and by doing so there's a good chance of maintaining financial stability now and potentially for the long term to retirement.
Holiday Club. Start Saving Today!
The holidays are right around the corner. Is your 2025 budget ready for holiday gifting? If not, then now is the time to plan for 2026 by opening a Holiday club account and start saving! It’s quick and easy. Accounts can be opened with a $10 minimum deposit. Contribute regularly (bi-weekly, monthly, quarterly) through automatic deposits and enjoy the holidays without incurring debt. Dividends earned at the current rate and paid quarterly in November. For more information, call us at 718-622-0623.
Open a Holiday club account today!
How To Avoid Credit Union/Bank Fees (American Bankers Association)
Sign up for direct deposit
Maintain the minimum balance
Automate regular deposits (weekly, monthly, quarterly)
Keep track of transactions & account balances
Set up overdraft alerts
Sign up for account notifications (email, text)
7 Passive Income Ideas to Earn Extra Money (Nerd Wallet)
Consulting, Freelance work
Tutoring
Babysitting
Pet sitting, dog walking
Grocery delivery services
Driving services (Uber, Lyft)
Online testing, surveys
Online Banking Has A Fresh New Look
Concord Federal Credit Union’s Online Banking has a fresh new look!
The features remain the same, but the redesign has made the site more colorful and easy to use.
Current Online Banking users, log in using the same credentials you have already created. For new users, please register first.
6 Ways to Help Your Money Work for You (SOFI)
Identify your most important financial goal
Set a goal to keep finances in order
Learn how to budget & stick to it
Pay off high interest debt
Open a High Yield savings account
Automate bill payments
Email Receipts are Here!
When you visit us or mail in a transaction, just let us know that you'd like your receipt emailed to you. We encourage you to receive your receipt by email. It's fast, secure and cuts down on costs.
Privacy Policy
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
New Fee Schedule Effective November 1, 2025
The following fees may be assessed against your Concord Federal Credit Union account and the following transaction limitations, if any, apply to your account.
CONTACT US
833 Marcy Ave, Brooklyn, NY, 11216
718-622-0623
Hello@ConcordFCU.org
HOURS
Tuesdays, Wednesdays, and Thursdays
11:00 am to 2:00 pm or call for an appointment
CFCU Routing Number #226074302
