In May 1847, 16 years before slavery was abolished in the U.S., four members of the Manhattan Abyssinian Baptist Church gathered in Brooklyn to establish the Concord Baptist Church of Christ because they had grown tired of crossing the river to Manhattan to worship. When African Americans who had migrated north were unable to get loans to help them start over in a new city, the church founded the Concord Federal Credit Union in 1951. Originally chartered with eight members, the credit union now has a membership of over 1000.
Today, the credit union offers the residents of the Bedford-Stuyvesant neighborhood in Central Brooklyn a variety of savings products and affordable rates on personal, auto, credit building and credit repair loans. Concord Baptist Church’s ministry to the community extends far beyond the credit union, to include running the Ember Charter School, a nursing and rehab center, senior housing, and the Christ Fund, which has invested more than $1 million in grants to the community since its creation in 1988. In December 2018, Concord announced a new partnership with Bedford Stuyvesant Restoration Corporation, the nation’s first Community Development organization, to collaborate on building long-term programs and services that help close gaps in family and community wealth and create greater shared prosperity in Central Brooklyn.
About Concord FCU’s Products & Services
Certificate of Deposits
Holiday Club Accounts
Vacation Club Accounts
Credit Building Loans
Credit Repair Loans
Become a Member
Membership is open to the members of Concord Baptist Church of Christ and their family members; members and employees of Mt. Sinai Baptist Church; staff and residents of the Concord Nursing Home and Rehabilitation center; residents and workers of the Concord Senior Center; and students, parents and staff members of the Ember Charter School. In 2019, membership eligibility expanded to also include the Board, staff and clients of Bedford Stuyvesant Restoration Corporation.Apply Now
Concord Credit Union has been a blessing to me since I joined in 1985. I benefit from the low-interest rate on loans and the high interest earned on savings. It gives me a good feeling to know the people handling my money – they are very helpful! And I appreciate that the credit union regularly sponsors financial seminars. My membership has encouraged other friends and loved ones to borrow and save too.
"It gives me a good feeling to know the people handling my money - they are very helpful!"
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.