Community
Grants, financial education, and the people and neighborhoods Abacus has supported for over 40 years.
40+ Years in the Community
Serving local neighborhoods with personal banking since 1984.
Grants & Local Giving
Funding nonprofits that serve the communities our branches call home.
Free Financial Education
Seminars that help neighbors build real, practical financial skills.
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Chinese Workers and the Railroad
This special exhibit is comprised of 60 pictures which were completed based on the study of “Chinese Railroad Workers in North American Project” at Stanford University. The descriptions are in both Chinese and English. This exhibit explaining how the U.S….
Abacus Bank’s Relationship with Fannie Mae Has Been Restored
Thomas Sung, Chairman of Abacus Federal Savings Bank (the Bank), announced today that Fannie Mae has restored its correspondent relationship with the Bank.
Thomas Sung, Chairman of Abacus Federal Savings Bank, is pleased to announce that the Federal Home…
6/26/2026 Thomas Sung, Chairman of Abacus Federal Savings Bank, is pleased to announce that the Federal Home Loan Bank of New York (FHLBNY) approved Abacus Federal Savings Bank’s application for grant funding to support eleven non-profit organizations serving the…
Abacus Federal Savings Bank, New York has again earned the highest 5-star rating from…
Abacus Federal Savings Bank, New York has again earned the highest 5-star rating from BAUERFINANCIAL ( www.bauerfinancial.com), a well-known bank rating firm. (A bank five-star rating indicates that a bank excels in areas of capital adequacy, profitability, asset…
Jill Sung, the President of Abacus Federal Savings Bank (“the Bank”).
Jill Sung, the President of Abacus Federal Savings Bank (“the Bank”). announced that Independent Community Bankers of America (ICBA) has allocated $1,500 to the Bank to donate to a not-for-profit Chinese community organization of the Bank’s choice….
Abacus Bank has distributed $100,000 COVID-19 Small Business Recovery Grant(SBRG) checks from…
6/29/2021 Abacus Bank has distributed $100,000 COVID-19 Small Business Recovery Grant(SBRG) checks from Federal Home Loan Bank of New York(FHLBNY) to 10 non-profit organizations in our community. Here are the 10 organizations: Organization Name Organization Type Grant…
Meet Us In Chinatown
6/17/2021 “Meet Us In Chinatown” Event Hosted by ABNY in partnership with Abacus Bank and other Chinatown Community-based Organizations! To celebrate Chinatown’s history, help combat anti-Asian sentiments, and encourage a robust economic comeback, the Association for…
Chinese Workers and the Railroad
5/3/2021 “Chinese Workers and the Railroad” photo exhibition at Abacus Bank! Abacus Director Vera Sung and President/CEO Jill Sung are honored to announce that: the Chinese American Heritage Foundation has granted Abacus Bank the permission to show their United States…
News Coverage (2)
World Journal Singtao Daily China Press Sinovision Epoch Times 4/21/2021 www The Sung Family talks about Anti-Asian Attacks, COVID A new article from
Chinese Workers and the Railroad
This special exhibit is comprised of 60 pictures which were completed based on the study of “Chinese Railroad Workers in North American Project” at Stanford University. The descriptions are in both Chinese and English. This exhibit explaining how the U.S….
Thomas Sung, Chairman of Abacus Federal Savings Bank, is pleased to announce that the Federal Home…
6/26/2026 Thomas Sung, Chairman of Abacus Federal Savings Bank, is pleased to announce that the Federal Home Loan Bank of New York (FHLBNY) approved Abacus Federal Savings Bank’s application for grant funding to support eleven non-profit organizations serving the…
Jill Sung, the President of Abacus Federal Savings Bank (“the Bank”).
Jill Sung, the President of Abacus Federal Savings Bank (“the Bank”). announced that Independent Community Bankers of America (ICBA) has allocated $1,500 to the Bank to donate to a not-for-profit Chinese community organization of the Bank’s choice….
Abacus Bank has distributed $100,000 COVID-19 Small Business Recovery Grant(SBRG) checks from…
6/29/2021 Abacus Bank has distributed $100,000 COVID-19 Small Business Recovery Grant(SBRG) checks from Federal Home Loan Bank of New York(FHLBNY) to 10 non-profit organizations in our community. Here are the 10 organizations: Organization Name Organization Type Grant…
Chinese Workers and the Railroad
5/3/2021 “Chinese Workers and the Railroad” photo exhibition at Abacus Bank! Abacus Director Vera Sung and President/CEO Jill Sung are honored to announce that: the Chinese American Heritage Foundation has granted Abacus Bank the permission to show their United States…
Abacus Bank and its Chairman, Thomas Sung have provided funding to New York Chinese School for its…
10/01/2020 Abacus Bank and its Chairman, Thomas Sung have provided funding to New York Chinese School for its security and in-class computer systems which are almost completed. The daughters of Abacus Bank’s Chairman Mr. Thomas Sung: Ms. Vera Sung, Director, and…
Abacus Bank has distributed $90,000 COVID-19 Small Business Recovery Grant checks from FHLBNY to 10…
7/31/2020 Abacus Bank has distributed $90,000 COVID-19 Small Business Recovery Grant checks from FHLBNY to 10 organizations in our community. Abacus Bank Director Vera Sung and President Jill Sung have presented the checks of COVID 19 Small Business Recovery Grant,…
Abacus Bank Assisting New York Chinese School by Providing over $75k in Funding Through PPP Loan.
5/8/2020 Abacus Bank Assisting New York Chinese School by Providing over $75k in Funding Through PPP Loan. Friday, May 8th, CCBA President Mr. Yu, New York Chinese School Principle Ms. Wang came to Abacus Bank Bowery Branch and received the check of PPP fund from the…
Abacus is helping small businesses apply for the SBA’s Paycheck Protection Program (PPP) loans.
4/30/2020 Abacus is helping small businesses apply for the SBA’s Paycheck Protection Program (PPP) loans. Abacus Bank is proud to fulfill our mission of providing much needed credit and capital to our community, especially at this time. Small businesses are…
Abacus team has successfully held an Elder Financial Exploitation and Fraud Prevention seminar at…
12/12/2019 Abacus team has successfully held an Elder Financial Exploitation and Fraud Prevention seminar at Weinberg Center for Balance Living of Manny Cantor Center of Education Alliance. If you know of any organization that works with teenagers or the elderly in…
Abacus team has successfully held a Money Smart seminar for the 1st to 3rd grade students from the…
8/9/2019 Abacus team has successfully held a Money Smart seminar for the 1st to 3rd grade students from the summer school program of Boon Church in Flushing NY. The seminar was focused on the history of money, recognize the value of money, and basic knowledge of…
Abacus President/CEO Jill Sung held a Money Smart seminar for the 5th and 6th students from the New…
8/7/2019 Abacus President/CEO Jill Sung held a Money Smart seminar for the 5th and 6th students from the New York Chinese School in Chinatown, NYC. The seminar was focused on saving money, spending habit and earning interest . If you know of any organization that…
Abacus team has successfully held two Elder Financial Exploitation and Fraud Prevention seminars in…
6/21/2019 and 6/26/2019 Abacus team has successfully held two Elder Financial Exploitation and Fraud Prevention seminars in Homecrest Senior Center located in Brooklyn Sheepshead Bay and Bensonhurst respectively. If you know of any organization that works with…
Abacus team has successfully held an education seminar regarding Elder Financial Exploitation and…
5/21/2019 Abacus team has successfully held an education seminar regarding Elder Financial Exploitation and Fraud Prevention in Queens Nan Shan Senior Center located in Flushing – one of the most vulnerable areas of the Chinese-American population. If you know…
President and CEO Jill Sung was invited to join a roundtable with Kathy Kraninger – the new…
2/28/2019 President and CEO Jill Sung was invited to join a roundtable with Kathy Kraninger – the new director of Office of Financial Institutions and Business Liaisons regarding Financial Education at the NY Public Library.
Abacus team has successfully held an education seminar about Elder Financial Exploitation and…
4/3/2018 Abacus team has successfully held an education seminar about Elder Financial Exploitation and Identity Theft in CPC Nan Shan Senior Center located in Flushing – one of the most vulnerable areas of the Chinese-American population. If you know of any…
Abacus bank, partnership with AARP Pennsylvania and Chinese American Women’s Sisterhood Society of…
10/12/2017 Abacus bank, partnership with AARP Pennsylvania and Chinese American Women’s Sisterhood Society of Phiadelphia had successfully held a Fraud Watch Financial Education for Chinese speaking seniors in Phiadelphia.
Abacus Bank and Chang Le American Association, Inc. held a free Mortgage seminar in Chinatown.
9/12/2017 Abacus Bank and Chang Le American Association, Inc. held a free Mortgage seminar in Chinatown. Please click here for details.
Abacus Bank helped the New York Chinese School obtained the second round of PPP loan Attorney Esq.…
3/3/2021 Abacus Bank helped the New York Chinese School obtained the second round of PPP loan Attorney Esq. Mr. Thomas Sung, Chairman of Abacus Bank, stated that on the morning of March 3, Justin Yu, the Chairman of the CCBA, and Jenifer Wang, the principal of the New…
Abacus bank has successfully sponsored MassMutual 2017 Wealth Expo on Saturday 10/14/2017 in…
10/14/2017 Abacus bank has successfully sponsored MassMutual 2017 Wealth Expo on Saturday 10/14/2017 in Flushing NY. Our Loan Officer Keith Yeung introduced our diverse loan programs. For news coverage regarding this 2017 Wealth Expo, please click here .
We are celebrating the new Brooklyn Branch opening at 4824 8th Ave with Lion dance, raffle, and…
1/7/2021 We are celebrating the new Brooklyn Branch opening at 4824 8th Ave with Lion dance, raffle, and free gifts for new account opening. We will continue our celebration through 1/14! For more information about the celebration and raffle drawings, please click…
Abacus team has attended the inauguration ceremony and dinner event of Chinese Merchants Association.
12/26/2019 Abacus team has attended the inauguration ceremony and dinner event of Chinese Merchants Association.
Abacus team attended Sino American Annual Event.
12/14/2019 Abacus team attended Sino American Annual Event.
Abacus has been invited to be at the 2019 Jiangxi Cultural Tourism Presentation hosted by New York…
12/09/2019 Abacus has been invited to be at the 2019 Jiangxi Cultural Tourism Presentation hosted by New York Sang Kiang Association.
Abacus President and CEO Ms. Jill Sung has testified on behalf of the Independent Community Bankers…
10/22/2019 Abacus President and CEO Ms. Jill Sung has testified on behalf of the Independent Community Bankers of America (ICBA) at the House Financial Services Subcommittee hearing entitled “An Examination of the Decline of Minority Depository Institutions and the…
Abacus Bank’s Director, Vera Sung, featured in Independent Banker’s June 2019 Edition Celebration.
6/10/2019 Abacus Bank’s Director, Vera Sung, featured in Independent Banker’s June 2019 Edition Celebration. Abacus Bank’s Controller, Michael Yeh, one of Independent Banker’s 40 Under 40: Emerging Community Bank Leaders….
Abacus team attended Brooklyn Chinese-American Association 31st Anniversary Celebration.
6/7/2019 Abacus team attended Brooklyn Chinese-American Association 31st Anniversary Celebration.
Abacus team was invited to Myanmar Chinese Association 2019 CNY Celebration.
3/8/2019 Abacus team was invited to Myanmar Chinese Association 2019 CNY Celebration.
Abacus employees attended the bank annual party to celebrate Abacus 35 years birthday as well as…
2/28/2019 Abacus employees attended the bank annual party to celebrate Abacus 35 years birthday as well as the year of 2019.
Meet Us In Chinatown
6/17/2021 “Meet Us In Chinatown” Event Hosted by ABNY in partnership with Abacus Bank and other Chinatown Community-based Organizations! To celebrate Chinatown’s history, help combat anti-Asian sentiments, and encourage a robust economic comeback, the Association for…
Lion Dance performance at our Bowery Branch. Abacus wishes everyone a happy lunar new year of Ox!
2/12/2021 Lion Dance performance at our Bowery Branch. Abacus wishes everyone a happy lunar new year of Ox!
Abacus team has attended the 2020 Chinese Lunar New Year dinner event of Hoy Sun Ning Yung…
2/3/2020 Abacus team has attended the 2020 Chinese Lunar New Year dinner event of Hoy Sun Ning Yung Benevolent Association.
Abacus team has attended the 2020 Chinese Lunar New Year dinner event of Chinese Merchants (On…
1/30/2020 Abacus team has attended the 2020 Chinese Lunar New Year dinner event of Chinese Merchants (On Leong) Association.
Abacus team has attended the 2020 Chinese Lunar New Year dinner event of San Kiang Cheritable…
1/28/2020 Abacus team has attended the 2020 Chinese Lunar New Year dinner event of San Kiang Cheritable Association.
Comment Letter with Exhibits on Draft Environmental Impact Statement: Borough-Based Jail System:…
Comment Letter with Exhibits on Draft Environmental Impact Statement: Borough-Based Jail System: Manhattan Site, dated July 22, 2019. 7/22/2019 City proposed construction new detention center at 124-125 White street, letter of Helen Mauch and Daniel M. Richmond of…
President and CEO Jill Sung, and Abacus team were invited to Chinese Consolidated Benevolent…
3/1/2019 President and CEO Jill Sung, and Abacus team were invited to Chinese Consolidated Benevolent Association 2019 Chinese Lunar New Year Party.
The bank’s president and CEO Jill Sung, and Board of director Vera Sung have joined Homecrest…
2/12/2019 The bank’s president and CEO Jill Sung, and Board of director Vera Sung have joined Homecrest Community Service 22nd Annual Lunar New Year Award and Gala Celebration. Homecrest is a longstanding organization serving Brooklyn Chinese-American seniors…
In order to promote the Chinese culture, sponsored by Abacus Bank, the 1st Annual Carnival Lion…
8/27/2017 In order to promote the Chinese culture, sponsored by Abacus Bank, the 1st Annual Carnival Lion Dancing Extravagant will be held in Leif Ericson Park Brooklyn on 9/10/2017. State Senator Martin J. Golden office and NY Lotus Light Association will organize…
Abacus Bank’s Relationship with Fannie Mae Has Been Restored
Thomas Sung, Chairman of Abacus Federal Savings Bank (the Bank), announced today that Fannie Mae has restored its correspondent relationship with the Bank.
Abacus Federal Savings Bank, New York has again earned the highest 5-star rating from…
Abacus Federal Savings Bank, New York has again earned the highest 5-star rating from BAUERFINANCIAL ( www.bauerfinancial.com), a well-known bank rating firm. (A bank five-star rating indicates that a bank excels in areas of capital adequacy, profitability, asset…
News Coverage (2)
World Journal Singtao Daily China Press Sinovision Epoch Times 4/21/2021 www The Sung Family talks about Anti-Asian Attacks, COVID A new article from
Congratulations to our Raffle Winners!
2/28/2021 Congratulations to our Raffle Winners! Thanks to everyone who has participated in our Brooklyn New Branch Opening raffle activities!
Coffee On Us
Relax and bank at home with Abacus iBanking and eStatement. And have a coffee on us! Click for “Coffee On Us” promotion details
ANOTHER 5-STAR RATING FROM BAUERFINANCIAL Abacus Federal Savings Bank has maintained a coveted…
ANOTHER 5-STAR RATING FROM BAUERFINANCIAL Abacus Federal Savings Bank has maintained a coveted 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm, since 2017. A five-star rating indicates the bank excels in areas of capital adequacy,…
2019Highlight 2019Highlight(PDF)
2019Highlight 2019Highlight(PDF)
Vera Sung, the board of director of Abacus Bank, together with her sister Chanterelle Sung, have…
10/19/2019 Vera Sung, the board of director of Abacus Bank, together with her sister Chanterelle Sung, have been invited to the 4th Annual ABQ Chinese American Film Festival. The screening of Abacus documentary and sharing of the Sung family’s story with the ABQ…
Abacus team was invited to 2019 New York Lion and Dragon Dance Festival.
9/22/2019 Abacus team was invited to 2019 New York Lion and Dragon Dance Festival.