Brotherhood Credit Union


Overview / Commentary
781-598-5555
75 Market St
Lynn, MA 01901

Brotherhood Credit Union is headquartered in Lynn and is the 55th largest credit union in the state of Massachusetts. It is also the 1,632nd largest credit union in the nation. It was established in 1934 and as of June of 2020, it had grown to 16 employees and 5,232 members at 2 locations. Brotherhood Credit Union has a B+ health rating.

Field of Membership Restrictions

Brotherhood Credit Union is open to anyone who lives or works in Middlesex, Essex, Suffolk or Norfolk counties in Massachusetts.
See current membership details

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Brotherhood Credit Union has a negative return on assets.

Health Grade Components

Overall
NCUA #66350
Year Chartered1934
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD-9.77%
Return on Equity - YTD-26.64%
Annual Interest Income($3,646,000)
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$109.8MM$106.4MM
LoansQ2 2020vs Q2 2019$45.0MM$44.5MM
DepositsQ2 2020vs Q2 2019$70.4MM$63.7MM
Equity CapitalQ2 2020vs Q2 2019$39.3MM$42.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$43.00K$13.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$14.00K$93.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Brotherhood Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Brotherhood Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Passbook Savings Share
0.10%--Statement Savings Share

Brotherhood Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-High Yield Money Market Account
OTHER TIERS: 0.10% Up to $25k
0.25%*$2.5k*-Money Market Deposit Account
OTHER TIERS: 0.10% Up to $2.5k

Brotherhood Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--N.O.W. Checking
0.05%--Senior Checking

Brotherhood Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-36 Month Share Certificate
0.55%$1k-18 Month Share Certificate
0.55%$1k-30 Month Share Certificate
0.45%$2.5k-12 Month Share Certuificate
0.30%$2.5k-6 Month Share Certificate

Brotherhood Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-30 Month IRA Certificate
0.30%$2k-6 Month IRA Certificate
Locations


Brotherhood Credit Union Locations
Branch Office254 Humphrey StMarblehead, MA 01945
Branch Office75 Market StLynn, MA 01901

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