Blog

Since New Covenant Dominion Credit Union came to life in 2007, Rachel Macarthy has worn many different hats. She served as one of the credit union’s founding board members, and in 2019, she stepped in as the organization’s acting CEO. Despite becoming the permanent CEO in 2021, Rachel has done everything from working as a teller to serving as a loan officer for the Bronx-based credit union.

With just $2.5 million in assets, New Covenant Dominion Credit Union is tiny, even by credit union standards. But it’s already punching far above its weight in one very important, very timely way: New Covenant Dominion Credit Union has recently become an active small business lender, unusual for a credit union of its size.

Scams are on the rise and evolving every day! We have received information about a scam attempt from one of our members! It is imperative that you keep your information safe. Here are a few tips on what you can do to keep your information confidential.

March is Women’s History Month! Before this month is over NCD CU would like to honor two women that have been of service to this community in Business, Finance, Education, and in Ministry. NCD CU honors Apostle Rachel Macarthy and Pastor Doris Santana. We see your hard work and dedication at New Covenant Dominion Credit Union as well as in other areas of New Covenant Christian Ministries.

Many financial institutions offer overdraft protection for checking account holders. Overdraft protection can be a life saver or a huge headache. At New Covenant Dominion Credit Union, we offer overdraft protection for our member account holders. Keep in mind that overdraft protection is a backup plan that usually incurs fees when it is used. The following is what you need to know about overdraft protection. 

You may think of yourself as being pretty savvy about fraud. And you may possess both the knowledge and skepticism needed to thwart most attempts. But two factors, in particular, can weaken even the stoutest defenses: speed and feelings. Criminals commonly prey on our desire for convenience and our emotional relationship with money when devising their scams.

A checking account is a contractual relationship between you and your financial institution, with each party having specific responsibilities. The financial institution holds your money in a safe place and helps to facilitate your purchases. You are responsible for handling your account wisely by not overspending the money you have in your account.

Because of their omnipresence in our society, you’ve probably read about financial scams over the years. It’s important to keep in mind, though, that criminals put a lot of effort into developing fresh ways to defraud victims. Staying safe requires continuously educating yourself about the latest tactics fraudsters use to scam.

New Covenant Dominion Credit Union, a minority-owned financial institution founded in 2007 by the National Credit Union Administration that services underserved individuals in the Bronx and surrounding areas, announces its grand reopening after extensive renovations and an expansion.

If overwhelming debt is causing you stress, you are not alone. If you are pulling your hair and thinking, “Help, I'm in debt!” Keep reading for strategies to relieve debt stress.