The post was previously located at 1015 S. Forest Ave., Brazil. Before that location, the legion met at 22 S. Sherfey St., Brazil.
But on Dec. 23, 2010, the Forest Avenue building shut down due to financial reasons. The post did not surrender its charter and was able to keep meeting in members' homes and eventually at the V.F.W. Post 1127, 303 S. Depot St., Brazil.
Since 2010, the American Legion has conducted several fundraisers such as yard sales, golf tournaments, meals and auctions. The Legion has also received many private donations.
During Thursday's meeting, 7th District Commander Kevin Hinton congratulated Brazil Post 2 Commander Randy Kaelber and the rest of the American Legion Post 2 on raising enough money to pay off the debt. The group toasted with champagne to celebrate the occasion.
Adjutant Lonnie Boyce spoke to the members during the toast.
"It is with great pride ... that I announce after one-and-a-half years of a lot of hard work, we are in the black," he said.
Boyce continued by thanking multiple members, participants and fundraisers, as well as the V.F.W. for allowing the group to meet in their building.
The American Legion Post 2 is now actively pursuing a new building to call home.