On April 23, 1934, the credit union was chartered. Less than a month later, on May 8, 1934, it opened for business. Since the credit union was derived from the brotherhood of the Beth Jacob synagogue, the credit union was aptly named Brotherhood Credit Union (BCU) and has remained this way to the present. When the credit union was incorporated, assets totaled at less than thirty dollars and the products and services selection was limited. Fast-forward to the modern day, Brotherhood Credit Union now has thousands of members, with total assets exceeding $100,000,000. BCU has stayed true to its origins in the Metro-Lynn area and now operates two full-service offices located in Lynn and Marblehead. The credit union has also increased its field of membership to anyone living or working in Essex, Middlesex, Suffolk or Norfolk counties. Today, BCU offers a full-suite of deposit, lending, and online products that can be typically found at the larger banks - but without the high fees and the impersonal service.