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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!


Greetings Members! Hope you are having a safe and enjoyable summer. The excitement is building as we prepare to celebrate Concord Federal Credit Union’s 75th anniversary in September—which has been an incredible journey of sacrifice and dedication. What began as a small, faith-based “Mutual Relief Society” in 1888 has grown into a 400 member strong, resilient institution guided by service and integrity. Our remarkable celebration honors the ancestors who built this rich legacy and the future we must continue shaping together. The duty to sustain and advance our legacy rests with us. I want to extend my deepest gratitude to our members, partners, and community. This milestone reflects decades of trust, collaboration, and shared commitment to financial empowerment in Bedford Stuyvesant and beyond. Thank you for your loyalty, continued engagement, and your belief in our mission. We look forward to celebrating this historic moment with you!

Adrienne Braswell
Concord Federal Credit Union Board Chair
Financial Empowerment Breaks Barriers

Your credit score is a snapshot of your past, but it doesn't have to define your future.

If you've been told "no" by big banks because of your score, or if you're just starting out with no credit history at all, we have the ultimate "two-for-one" tool for you. Our Credit Builder Loan is designed to help you win on two fronts at once.

How it works is simple:

  1. We provide a small loan that is held in a secured savings account for you.

  2. You make affordable, on-time monthly payments.

  3. We report those payments to the credit bureaus, helping your score climb!

  4. Once the loan is paid off, the money in that savings account is unlocked and yours to keep.

You build a solid payment history AND a nest egg at the same time. That's the power of banking with a community partner that actually wants to see you succeed.

Ready to start your journey from 500 to 700+?

See if you qualify today! Call 718-622-0623 to speak with a specialist.

#CreditBuilder #FinancialLiteracyMonth #ConcordFCU #CreditScoreRepair #FinancialEquity #BrooklynFinance #MoneyHabits #BuildWealth #BedStuyMoves #CreditUnionDifference #SmartMoney

The Credit Union Advantage: Rates That Work For YOU. Our focus is on our members, not shareholders. See the side-by-side visual comparing our loan rates to the average bank credit card interest-the difference is huge!

#CreditUnionDifference #BetterRates #LoanComparison

Simplify your finances. Reclaim your peace.

Debt consolidation can help you turn multiple high-interest payments into one manageable monthly payment—making it easier to stay on track and save money.

Benefits of Debt Consolidation:

  • One simple monthly payment

  • Lower interest rates

  • Reduced financial stress

  • A clearer path toward becoming debt-free

At Concord Federal Credit Union, we're here to help Brooklyn residents take control of their finances with guidance you can trust.

Call today: 718-622-0623 to consolidate and save.

#DebtFreeJourney #FinancialPeace #ConcordFCU #BrooklynLife #DebtConsolidation #FinancialHealing #CommunityLending

End-of-Month Budget Review! Take 15 minutes today to check your October spending against your goals. Did you hit your savings target? Did you stick to your grocery budget? Adjust your November plan now—don't wait for the new month to start!

#Fal|Reset #BudgetReview #MoneyGoals #FinancialLiteracy #SmartSpending #ConcordFCU #BudgetingHacks #PersonalFinance

$50 Before Christmas? Easy. Challenge yourself to find $50 in savings this week! Cut one subscription, pack lunch 3x, and skip that daily coffee. Every little bit helps.

#SaveMoney #SavingsChallenge #BudgetHacks

#ConcordFCU

Does managing your paycheck feel like a second job? In Brooklyn, it can feel like your money disappears before you even blink. But what if you could flip the script and put every dollar to work for you?

This Financial Literacy Month, let's get back to basics with the 50/30/20 Rule-the simplest, most powerful roadmap for building real wealth and peace of mind. Your "Future Self" deserves just as much love as your "Present Self."

Here's how it works:

  • 50% for NEEDS: Keep your essentials covered-rent in Bed-Stuy, groceries, utilities, and getting around town. Half your income, zero stress.

  • 30% for WANTS: This is your "Brooklyn Life" fund. Enjoy the best of the city-dining out, hobbies, streaming, and those spontaneous adventures. Fun is part of the plan!

  • 20% for SAVINGS & DEBT: Welcome to your Wealth-Building Zone. Grow your Concord savings, build your emergency fund, or crush high-interest debt.

If your "Needs" are over 50%, don't stress. Progress starts with awareness, not perfection. Small shifts today can unlock big wins for your tomorrow.

Want to see your own breakdown and take control of your money story? Call 718-622-0623 to book a free session with a Concord counselor who gets Brooklyn-and gets you.

Let's build wealth, not just get by. Drop a 💪 in the comments if you're ready to own your future!

#503020Rule #FinancialLiteracyMonth #ConcordFCU #BrooklynStrong #MoneyMoves #FinancialEquity #BedStuy #SmartMoney #CommunityWealth #CreditUnionDifference

Summer is the perfect time to take care of the things you’ve been putting off — and Concord Federal Credit Union is here to help make it easier.

For a limited time, members can take advantage of our Summer Loan Sale, featuring reduced rates and pledge requirements to help you access the funds you need.

Whether you’re planning ahead or managing an unexpected expense, this loan sale may help with:

  • Home repairs or improvements

  • Student loans or tuition

  • Credit card bills or debt consolidation

  • Unexpected emergencies

The Summer Loan Sale starts June 1, 2026 and ends August 31, 2026.

Don’t wait — this special offer is only available for a limited time!

Call or contact us today to schedule an appointment and learn more. Apply Now!

*Conditions apply. Offer only valid for members in good standing who do not currently have an outstanding loan. Concord Federal Credit Union is an equal opportunity lender.

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! 🏦💙

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.

2026 Annual Meeting Presentation

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

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.

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!

Open a Holiday club account

  • 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)

  • Consulting, Freelance work

  • Tutoring

  • Babysitting

  • Pet sitting, dog walking

  • Grocery delivery services

  • Driving services (Uber, Lyft)

  • Online testing, surveys

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.

Member Login

  • 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

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.

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. 

PRIVACY POLICY

The following fees may be assessed against your Concord Federal Credit Union account and the following transaction limitations, if any, apply to your account.

Fee Schedule
A Word About the Minimum Balance Fee

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

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