Credit union · NCUA insured
Concord FCU
A $7M credit union headquartered in Brooklyn, NY, with 439 members and 1 branch in New York. Best rates: savings 0.25% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: no accounts of this kind found on its website. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- Savings710.25%at $1,000Savings rates →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Concord FCU
Founded in 1951 and based in Brooklyn, New York, Concord Federal Credit Union is a certified Community Development Financial Institution.
Established by The Concord Baptist Church of Christ to combat discriminatory bank redlining, the cooperative institution is owned by its members.
The credit union focuses on closing the racial wealth gap and serving the financial needs of Brooklyn's Bedford-Stuyvesant community.
- Headquarters
- 833 Marcy Ave, Brooklyn, NY 11216
- NCUA charter
- 7504
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Members of Mt. Sinai Baptist Church, Charity Baptist Church, Siloam Presbyterian Church, and First Baptist Church of Crown Heights are eligible for membership.
- Employees and Directors of Bedford Stuyvesant Restoration Corporation are eligible for membership.
- Members of The Concord Baptist Church of Christ are eligible for membership.
- Employees and residents of the Concord Nursing Homes & Rehabilitation Center are eligible for membership.
- Residents of Concord Senior Housing are eligible for membership.
Family and household
- Family members of members of Mt. Sinai Baptist Church, Charity Baptist Church, Siloam Presbyterian Church, and First Baptist Church of Crown Heights are eligible for membership.
4 more ways to join
Family and household
- Family members of members of The Concord Baptist Church of Christ are eligible for membership.
- Family members of employees and residents of the Concord Nursing Homes & Rehabilitation Center are eligible for membership.
- Family members of current credit union members are eligible to open an account regardless of Brooklyn residency.
- Family members of residents of Concord Senior Housing are eligible for membership.
Cost to join
- Joining requires a one-time $5 nonrefundable membership fee.
- Opening and keeping an account requires a minimum share deposit and ongoing balance of $25.
Branches
1 branch in New York
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New York
1 branch
- Concord BaptistMain office833 Marcy Ave, Brooklyn, NY 11216Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.14% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.00% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -2.04% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $7 | $59 | — |
- CapitalNet worth ratio11.14%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.00%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-2.04%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$7Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Concord FCU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.