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latest news & events

Welcome to the Concord FCU newsroom.

Please check back often for the latest news, events, promotions, and more!

As we observe Juneteenth this year, it serves as a powerful reminder of the ongoing journey toward racial equity and economic empowerment. Supporting Black institutions and businesses like Concord Federal Credit Union is a vital step in closing the wealth gap that has historically impacted black and brown communities.

Joining Concord FCU reflects your commitment to advancing Black economic development for your family and community. Additionally, active participation in our programs--such as our current loan sale initiative and various savings club offerings, demonstrate your ongoing dedication to building financial resilience and prosperity.

Through these efforts we can foster sustainable, thriving communities where future generations can succeed. Juneteenth calls us to reflect on past struggles, celebrate progress, and renew our collective commitment to economic justice and community growth for all.

Together we're building a legacy of financial empowerment--because when our communities thrive, everyone benefits. Let's keep the momentum going and turn dreams into reality! THIS IS A CALL TO ACTION: Become a MEMBER OF THE CONCORD FEDERAL CREDIT UNION!!! Empower. Invest. Succeed.

Deborah Boatright, Chair
Concord FCU Board of Directors

Reduced rates for a limited time!

Click here for more information.

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.

Click here for more information.

  • 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.

  • Consulting, Freelance work

  • Tutoring

  • Babysitting

  • Pet sitting, dog walking

  • Grocery delivery services

  • Driving services (Uber, Lyft)

  • Online testing, surveys

  • 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)

  • 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

A CALL TO ACTION: REIGNITE, REBUILD, RECLAIM OUR FUTURE!

Dear Members,

Welcome! During this, our 73rd Annual Meeting, we reflect on the vibrant spirit of Bedford-Stuyvesant and the enduring legacy of Concord Federal Credit Union. Since our founding in 1951, we have stood with determination, empowering African American families to overcome systemic barriers and a wealth gap to achieve economic prosperity. At the heart of our success lies you, our members. We are a cooperative, member-owned, and you are the lifeblood that sustains our work. Your support fuels our mission and our values of resilience, empowerment, and economic justice.

Now is the time to reignite Concord for future generations. Your continued support is not only an investment in our collective financial future but a testament to our strength. Let us fortify the foundation the founders of CFCU laid. We are small but mighty.

Here’s how YOU can help secure the future of CFCU and our community:

1. Grow Our Membership: Invite your family, friends, and neighbors to join CFCU. Membership is the cornerstone of CFCU. Every new member enhances our ability to serve and uplift.

2. Borrow with Purpose: Whether you’re planning to start or expand a business, repair your home or cover personal needs, choose CFCU as your financial partner. Every loan supports CFCU’s growth and reinvests in our community.

3. Invest in Our Financial Community: Open a savings account, increase your deposits, or start a Christmas Club. Every dollar placed with CFCU strengthens our financial stability and is a pledge to our shared future.

4. Volunteer Your Time and Expertise: Our strength lies in the collective wisdom and skills of our members. Whether it’s financial experience, organizational skills, or a passion for community outreach, we need your hands and heart to help us succeed.

5. Stay Informed and Spread the Word: Use our online and mobile platforms to manage your finances with ease. Visit our website and stay updated on news. Become a CFCU ambassador and share our story and the critical need for community support.

This year’s Annual Meeting is more than an event – it’s a rallying cry. Join us as we recommit to our shared vision, celebrate our achievements, and chart a bold course for the future. Let’s prove, once again, that we are stronger together. Take action. Call us at (718) 622-0623.

Sincerely,
Deborah Boatright, Chair
Concord Federal Credit Union Board of Directors

Bridging Legacies: Concord Federal Credit Union’s Commitment to Equality

Dear Concord Federal Credit Union Members,

I am honored to address you as the newly elected Chair of the CFCU Board of Directors. My name is Deborah Boatright, and it is with great enthusiasm and a deep sense of responsibility that I take on this role to lead our credit union forward.

As we embark on a new year, I find it fitting to reflect on our roots and the profound connection between our history and the spirit of Black History Month. Concord Federal Credit Union, established in 1951, emerged in response to a pressing need within our community – a need rooted in social injustice and prejudice.

In those early years, redlining by mainstream banks denied Black individuals the essential mortgages and loans required to build stable homes and prosperous lives. Concord Federal Credit Union, standing on the shoulders of its ancestors, was founded to challenge this discriminatory practice. Our credit union became a beacon of hope, offering financial support to those facing the challenges of starting anew in unfamiliar cities.

As we celebrate Black History Month, let us honor the resilience of those who paved the way for our credit union. Their vision and dedication continue to inspire us as we strive to close the racial wealth gap and provide opportunities for all members of our community.

In the coming months, I look forward to working together to uphold our founding principles and ensure that Concord Federal Credit Union remains a pillar of support and empowerment for everyone we serve.

Thank you for the trust you have in our credit union, and I am excited about the journey ahead.

Sincerely,
Deborah Boatright, Chair
Concord Federal Credit Union Board of Directors

Direct File is a new IRS service that is helping people save time and money by filing their taxes online, for free, directly with the IRS! Direct File is a safe and easy to use – with no fees or surprises! You can use Direct File on your smartphone, laptop, tablet, or desktop computer to file your taxes in English or Spanish in as few as 30 minutes.

Visit directfile.irs.gov to see if you’re eligible and start filing today. Direct File is currently available to eligible taxpayers in 12 states.

Click here for more information.

The following fees may be assessed against your Concord Federal Credit Union account and the following transaction limitations, if any, apply to your account.
Concord FCU screenshot of member login page

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.

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.

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.

  • A NILICO representative will call on you to deliver your certificate of coverage, witness your beneficiary designation, and provide your other no-cost items. NILICO has other supplemental insurance programs that are available strictly on a voluntary basis. 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 1-800-503-1426.

    Please return the card right away to the Concord FCU office or respond online at mybenefits.nilife.com and enter the access code: sgalk

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. 

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

Happy Black Couple