Concord FCU
Financial Empowerment breaks barriers
Financial Empowerment breaks barriers
Concord FCU is a non-profit credit union founded in 1951 with a mission to redefine wealth for its community. Regulated by the NCUA and designated as a Community Development Financial Institution (CDFI), a Minority Depository Institution (MDI), and holding a low-income designation, CFCU initially catered to members of Concord Baptist Church. Over the years, it has grown to serve various other groups in central Brooklyn, reflecting its dedication to expanding its reach. The most recent investment of $500.00K was received as a grant on 10 April 2023, with the Community Development Financial Institutions Fund acting as the investors. Operating in the Financial Services and Government and Military sectors, Concord FCU is poised to continue its impactful work within the community, driven by its commitment to financial empowerment and inclusivity.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Grant | $500.00K | 1 | Community Development Financial Institutions Fund | 10 Apr 2023 |
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