Brewster Federal Credit Union: A Community-Focused Financial Institution

Brewster Federal Credit Union stands as a beacon of financial stability and community support, offering a comprehensive suite of financial products and services tailored to meet the needs of its members. With a rich history and unwavering commitment to excellence, Brewster Federal Credit Union has established itself as a trusted partner in the communities it serves.

Rooted in a deep understanding of its members’ financial aspirations, Brewster Federal Credit Union has meticulously crafted a portfolio of products and services designed to empower individuals and families. From checking and savings accounts to loans and investment options, the credit union caters to a diverse range of financial needs.

Brewster Federal Credit Union Overview

Brewster Federal Credit Union: A Community-Focused Financial Institution

Brewster Federal Credit Union, established in 1957, is a not-for-profit financial cooperative headquartered in Wolfeboro, New Hampshire. With a mission to provide financial services that empower members to achieve their financial goals, the credit union has expanded to serve over 60,000 members across New Hampshire and Maine.

Brewster Federal Credit Union operates on the principles of cooperation, self-help, and social responsibility. Its vision is to be the trusted financial partner for its members, providing exceptional service and innovative financial solutions that meet their evolving needs.

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Financial Performance and Key Statistics

  • As of December 31, 2023, Brewster Federal Credit Union had total assets of over $1.2 billion, with net income exceeding $10 million.
  • The credit union’s loan portfolio grew by 5% in 2023, reaching a total of $850 million.
  • Brewster Federal Credit Union maintains a strong capital position, with a net worth ratio of 10.5%.
  • The credit union has consistently received high ratings from independent financial institutions, including a 5-star rating from Bauer Financial.
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Products and Services Offered

Brewster Federal Credit Union offers a wide range of financial products and services tailored to meet the needs of its members. These include checking and savings accounts, loans, and investment options.

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The credit union’s checking accounts come with a variety of features, including online and mobile banking, free ATM access, and competitive interest rates. Savings accounts offer competitive interest rates and the option to earn bonus interest for maintaining a certain balance.

Loans, Brewster federal credit union

Brewster Federal Credit Union offers a variety of loans, including personal loans, auto loans, and mortgages. Personal loans can be used for a variety of purposes, such as debt consolidation, home improvement, or unexpected expenses. Auto loans offer competitive interest rates and flexible repayment terms.

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Mortgages are available for a variety of property types, including single-family homes, condominiums, and townhouses.

Investment Options

Brewster Federal Credit Union offers a variety of investment options, including certificates of deposit (CDs), money market accounts, and individual retirement accounts (IRAs). CDs offer competitive interest rates and a variety of terms. Money market accounts offer a higher level of liquidity than CDs, while still earning a competitive interest rate.

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IRAs offer tax-advantaged savings for retirement.

Brewster Federal Credit Union’s products and services are designed to meet the needs of a variety of customer segments, from individuals and families to businesses and organizations. The credit union’s commitment to providing excellent customer service and competitive rates makes it a great choice for anyone looking for a financial institution.

Membership and Eligibility

Brewster Federal Credit Union extends membership opportunities to individuals who meet specific criteria. To qualify, you must reside, work, worship, or attend school within our designated service area. Additionally, immediate family members of existing members are eligible to join.

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Benefits of Membership

As a member of Brewster Federal Credit Union, you gain access to an array of exclusive products and services designed to meet your financial needs. These include competitive loan rates, high-yield savings accounts, and convenient online and mobile banking services.

Applying for Membership

Applying for membership at Brewster Federal Credit Union is a straightforward process. You can complete an application online or visit any of our branch locations. The following documentation is required:

  • Proof of identity (e.g., driver’s license, passport)
  • Proof of residency (e.g., utility bill, lease agreement)
  • Social Security number

Once your application is approved, you will receive a welcome packet with your membership number and other important information.

Online and Mobile Banking: Brewster Federal Credit Union

Brewster federal credit union

Brewster Federal Credit Union offers a convenient and secure online and mobile banking platform that allows members to manage their finances from anywhere, anytime.

The platform provides a range of features and functionality, including:

Account Management

  • View account balances and transaction history
  • Transfer funds between accounts
  • Set up account alerts and notifications

Bill Pay

  • Schedule and pay bills online
  • Add and manage payees
  • Receive email or text notifications when bills are due

Mobile Check Deposit

  • Deposit checks remotely using the mobile banking app
  • Funds are typically available within 24 hours
  • Eliminates the need to visit a branch or ATM

Security

Brewster Federal Credit Union takes the security of its members’ information very seriously. The online and mobile banking platform is protected by industry-leading security measures, including:

  • 128-bit SSL encryption
  • Multi-factor authentication
  • Regular security audits and updates

Community Involvement and Corporate Social Responsibility

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Brewster Federal Credit Union is committed to supporting the local community and making a positive impact on the lives of its members. The credit union believes that giving back is an integral part of being a responsible corporate citizen and actively participates in various initiatives to uplift the community.Through partnerships with local organizations, donations, and volunteer activities, Brewster Federal Credit Union supports programs that address critical community needs.

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These initiatives focus on education, financial literacy, and economic empowerment, fostering a thriving and inclusive environment for all.

Community Partnerships

Brewster Federal Credit Union has established partnerships with several non-profit organizations in the community. These partnerships aim to provide resources and support to individuals and families in need. Some notable partnerships include:

  • Collaboration with local schools to promote financial literacy and encourage saving habits among students.
  • Support for organizations that provide housing assistance, food pantries, and other essential services to low-income families.
  • Partnerships with organizations that offer job training and career development programs for individuals seeking employment.

Donations and Sponsorships

Brewster Federal Credit Union makes regular donations to organizations that align with its community involvement goals. These donations support a wide range of programs, including:

  • Scholarships for students pursuing higher education.
  • Grants for community development projects.
  • Funding for local arts and cultural events.

Volunteer Activities

Brewster Federal Credit Union employees actively participate in volunteer activities throughout the year. They dedicate their time and skills to support local organizations and make a hands-on contribution to the community. Volunteer activities include:

  • Volunteering at local soup kitchens and food pantries.
  • Mentoring students in after-school programs.
  • Participating in community clean-up events.

Through its community involvement initiatives and corporate social responsibility programs, Brewster Federal Credit Union demonstrates its commitment to being a positive force in the community. The credit union’s efforts contribute to a stronger, more vibrant, and inclusive community for all.

Conclusive Thoughts

Brewster Federal Credit Union’s unwavering dedication to its members and the community is a testament to its commitment to financial inclusion and social responsibility. Through its innovative products, exceptional service, and active involvement in local initiatives, the credit union continues to play a vital role in shaping a brighter financial future for its members and the communities it serves.

Answers to Common Questions

What are the membership requirements for Brewster Federal Credit Union?

To become a member of Brewster Federal Credit Union, you must live, work, worship, or attend school in the eligible counties of Washington and Ozaukee, Wisconsin.

What types of loans does Brewster Federal Credit Union offer?

Brewster Federal Credit Union offers a wide range of loans, including auto loans, personal loans, home equity loans, and mortgages.

Does Brewster Federal Credit Union offer online and mobile banking?

Yes, Brewster Federal Credit Union offers a convenient online and mobile banking platform that allows members to manage their accounts, pay bills, and deposit checks remotely.