Credit Unions Near Me
National Credit Union Service Organization

CONCORD FEDERAL CREDIT UNION

Mar, 31, 2021 — CONCORD FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $10.65 million in total assets. Opened 70 years ago in 1951, CONCORD FEDERAL CREDIT UNION has about 756 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:http://concordfcu.org
Branches:1 branch locations
Members:756
Credit Union Type:Federal Credit Union
Charter Number:7504
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1951
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,654,981
CEO/Manager:Denise A Michaux
Chairperson:Ronnie L Brandon

Call Report

  • Commercial Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,431,025
TOTAL INVESTMENTS 7,522,833
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,181,747
 Other Loans 404,200
 TOTAL LOANS 1,585,947
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -47,173
 Land And Building 0
 Other Fixed Assets 34,663
 NCUSIF Deposit 77,204
 All Other Assets 50,482
  TOTAL ASSETS 10,654,981
LIABILITIES & CAPITAL:  
 Dividends Payable 27,450
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 171,977
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,773,125
 All Other Shares & Deposits 11,535
  TOTAL SHARES & DEPOSITS 8,784,660
  TOTAL LIABILITIES 8,984,087
 Regular Reserve 736,974
 Other Reserves 0
 Undivided Earnings 933,920
  TOTAL EQUITY 1,670,894
  TOTAL LIABILITIES, SHARES, & EQUITY 10,654,981
INCOME & EXPENSE  
 Loan Income 17,442
 Investment Income 49,089
 Other Income 34,466
 Total Employee Compensation & Benefits 25,709
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,620
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 27,464
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,703
↑ Back to Top

Other Credit Unions

SPC BROOKLYN FEDERAL CREDIT UNION
29 Claver Pl
BROOKLYN, NY 11238
BEREA FEDERAL CREDIT UNION
1641 BERGEN STREET
BROOKLYN, NY 11213-2416
BEULAH FEDERAL CREDIT UNION
1250 St. Johns Place
BROOKLYN, NY 11213-2729
INTER-AMERICAN FEDERAL CREDIT UNION
88 HANSON PL
BROOKLYN, NY 11217
STS PETER & PAUL FEDERAL CREDIT UNION
71 South 3rd Street
BROOKLYN, NY 11249
UNIVERSITY SETTLEMENT FEDERAL CREDIT UNION
184 ELDRIDGE ST
NEW YORK, NY 10002
N.U.L. FEDERAL CREDIT UNION
80 Pine St Fl 9
NEW YORK, NY 10005
BYKOTA FEDERAL CREDIT UNION
457 Grand Ave
BROOKLYN, NY 11238
I R E B FEDERAL CREDIT UNION
2 Metrotech Ctr Fl 7
BROOKLYN, NY 11201-3838
NYM FEDERAL CREDIT UNION
501 6TH ST APT 2F
BROOKLYN, NY 11215-3648