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Broadway Federal Bank Rates & Review

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Broadway Federal Bank Review

Broadway Federal Bank, a full-service community bank with branches in Los Angeles and Inglewood, California, states that its mission is to serve the real estate, business and financial needs of customers in underserved urban communities.

In 1946, the founders of Broadway Federal Savings and Loan Association started the bank in response to the need for conventional loan products for minority consumers. Today, the bank manages more than 13,000 accounts with over 87 employees. As of 2010, total assets are $521 million and the Bank capital is $33.2 million.

The bank's employees have expanded their community commitment beyond banking functions with the bank's commitment to employ, train and mentor community residents, to contract for services with community businesses, and to encourage its management and staff to serve as volunteers.

Broadway Federal Bank holds an A rating from the Better Business Bureau and a four-star out of five rating from Bauer Financial in 2010. The Office of Thrift Supervision gave Broadway Federal Bank an "outstanding" rating for their Community Reinvestment Act efforts.

Financial services and products

Customers of Broadway Federal Bank can open a checking account, a savings account, a money market account or a certificate of deposit (CD) online or in person at one of the bank's branch locations. All deposit accounts are FDIC-insured.

The bank offers a wide variety of choices for checking and savings accounts, including a money market account. A Youth Savings Program encourages children to establish good financial habits.

Broadway Federal Bank also offers business banking services and home loans. The bank provides online banking services so that customers have constant access to their bank statements and can transfer funds.

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Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available. Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author's alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program. UGC Disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.