Brotherhood Bank & Trust

The Boilermakers union opened the doors of the Brotherhood State Bank in 1924, with $100,000 in capital and a $20,000 reserve. The bank quickly became popular with businessmen and working people alike, with deposits growing to well over one million dollars the first year. Unlike many other banks, Brotherhood Bank has succeeded without interruption since its founding. The institution now known as Brotherhood Bank and Trust has remained independent for over 80 years.

And it has thrived.

Today the International Brotherhood of Boilermakers owns about 46 percent of the bank and fills three of the 17 seats on the board of directors. Along with the main bank, still in the original 1924 building in Kansas City, Kansas, the Brotherhood Bank operates eight branches throughout the Kansas City metropolitan area. Deposits have grown to over $350 million, and the bank offers many services to a broad customer base, including many Boilermaker local lodges.

At the bank’s Web site — www.brotherhoodbank.com — customers can open a CD, apply for a mortgage loan, and conduct checking and savings transactions online using the highest level of security available for Internet banking customers.

The key to the Brotherhood Bank & Trust’s success is the same as that of the Brotherhood itself. Both organizations acknowledge the importance of the worker. The individual member — whether that person is welding a tank, rigging a lift, or waiting in line at the teller’s window with a weekly paycheck — is the indispensable element that makes the economy work.

Just as the Boilermakers union seeks ways to improve its members’ lives by improving their working environment, the Brotherhood Bank seeks ways to better its customers’ lives by helping them make the most of their financial resources.

Start working with your union bank today.

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