Overview / Commentary
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
Health
B+
Data as of Q2 2020
Learn why bank health mattersAdditional 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 Chartered | 1934 |
| Employees | 16 |
| 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 | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $109.8MM$106.4MM |
| Loans | Q2 2020vs Q2 2019 | $45.0MM$44.5MM |
| Deposits | Q2 2020vs Q2 2019 | $70.4MM$63.7MM |
| Equity Capital | Q2 2020vs Q2 2019 | $39.3MM$42.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $43.00K$13.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $14.00K$93.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |