Brotherhood Credit Union
About
Brotherhood Credit Union is a member-owned credit union in Marblehead offering everyday banking with a small-town feel. Its pitch is simple: higher rates on deposits, lower rates on loans, and none of the hidden fees that come with big banks. Personal accounts include free checking with no fees, savings, certificates of deposit, IRAs and money market accounts, managed alongside staff who get to know members and their needs.
Lending covers mortgages, including loans for first-time home buyers, plus auto, personal and home equity loans and home equity lines of credit. Car shoppers can get pre-approved before visiting a dealership to negotiate with more leverage. Business members can use customized checking, lending and cash management services. The credit union describes deep ties to the communities it serves, from teaching young adults about financial literacy to supporting local small businesses, and one longtime member praises how the staff handle every situation.
What to Know
- Mortgage applications can be started online.
- Online calculators help members run the numbers on loans and savings before applying.
- The credit union publishes guidance on spotting scams and what to do after fraud.
- It is a member of the Marblehead Chamber of Commerce.
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