Credit unions are full-service financial institutions, that offer accounts, investments and lending, just like banks. The main difference between a credit union and a bank comes down to who we serve and how we operate. 

Credit unions, like Brunswick Credit Union, are member-owned financial cooperatives. That means, when you join a credit union as a member, you’re also an owner. We are locally governed by a Board of Directors democratically elected by our members, who each have a vote and an equal say.

Banks, on the other hand, are owned by shareholders. Their board members are appointed and compensated, and their focus is on generating profits for their investors.

Credit unions reinvest their profits into their members and the communities they serve. At Brunswick Credit Union we invest in New Brunswick through dividends to members, investing in local business and community partnerships that drive meaningful impact. Simply put, we’re here to support our members’ financial well-being and help our communities thrive.

Commercial banking, also known as business banking, refers to financial services designed specifically for businesses, organizations, and corporations.

At Brunswick Credit Union, commercial banking is more than just accounts, it’s about partnership. We offer a range of products and services to help businesses manage their finances, operate efficiently, and grow, including business accounts, loans and lines of credit, investing, cash management solutions, payment processing, and personalized advice, all tailored to their goals.

Brunswick Credit Union offers a variety of business accounts to match the needs of your business or organization, including: 

• Chequing accounts
• Savings accounts
• U.S. dollar accounts
• Community accounts

We understand that your time is valuable. That’s why our team is here to guide you through the account opening process. Contact us today to learn more.

A business account is an important step to long-term success. Whether you’re a registered business, sole proprietor, a partnership or an organization, a business account keeps personal and business finances separate, helping you track and manage your business finances, manage cash flow, and stay organized. It also gives you access to tools, advice, and services designed specifically to support your unique business needs.

Switching is easy. Our team will guide you through the entire process, including transferring your accounts, setting up direct deposits, and moving pre-authorized payments. Contact us if you have any questions.

Yes, you can open multiple business accounts under a single business name.

It depends on the type of account you choose. For example, you can earn competitive interest rates on your savings with our My Business Savings Plus Account and My Business Daily Savings Account.