Company Information

Get to know Bank Of Labor

Originally founded in 1924 by the International Brotherhood of Boilermakers, Bank of Labor is a modern financial institution with a historic mission to support the financial needs of working-class families and labor organizations. As the only bank in the United States owned by a labor union, it offers a full suite of personal and commercial banking products, including checking and savings accounts, loans, and treasury management services, all tailored to its union-focused clientele.

Industry

Financial BankingPRIMARY
Financial Other Service

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Bank Of Labor

United States

Founded in

31 Oct 1924 (101 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.