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.

Opening a business savings account with BCU is easy. You can get started by visiting your local branch, booking an appointment with one of our advisors, or contacting us by phone. Our team will guide you through the process and help you choose the right account for your business needs.

You can download the direct deposit form by clicking here!

Yes. You can open multiple business savings accounts to help organize your funds for different purposes. Our advisors can help you set up a structure that makes managing your business finances simple and effective.

The main difference lies in how each account is used.

A business chequing account is designed for everyday transactions like paying bills, making purchases, and managing cash flow. A business savings account, on the other hand, is intended for setting money aside and earning interest over time.

Many businesses use both accounts together - chequing for daily operations and savings for future planning.