Sep, 30, 2025 — CONCORD FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $7.39 million in total assets. Opened 75 years ago in 1951, CONCORD FEDERAL CREDIT UNION has about 440 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONCORD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 833 Marcy Ave BROOKLYN, NY 11216 |
| Phone: | (718) 622-0623 |
| Fax: | (718) 622-5311 |
| Website: | https://www.concordfcu.org |
| Branches: | 1 branch locations |
| Members: | 440 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7504 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,393,729 |
| CEO/Manager: | Denise A Michaux |
| Chairperson: | Deborah Boatright |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 840,140 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 144,642 |
| Unsecured Loans | 343,649 |
| Other Loans | 189,905 |
| TOTAL LOANS | 678,196 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,258 |
| Land And Building | 0 |
| Other Fixed Assets | 1 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 72,283 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,393,729 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,329 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,515 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,465,717 |
| All Other Shares & Deposits | 38,198 |
| TOTAL SHARES & DEPOSITS | 6,503,915 |
| TOTAL LIABILITIES | 6,519,759 |
| Regular Reserve | 0 |
| Other Reserves | 1,094,359 |
| Undivided Earnings | -220,389 |
| TOTAL EQUITY | 873,970 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,393,729 |
| INCOME & EXPENSE | |
| Loan Income | 36,721 |
| Investment Income | 156,015 |
| Other Income | 9,814 |
| Total Employee Compensation & Benefits | 149,227 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 151,509 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 24,890 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,758 |
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