Yes you should be able to receive it just fine Little E. All you'd need to do to receive emails from that mailing list to your house account is subscribe from there by sending a blank email from the
account to: fraternalnews-subscribe@yahoogroups.com
You'd then receive individual emails (to receive only one combined 'digest' message per day you could then send a blank email to fraternalnews-digest@yahoogroups.com (or fraternalnews-normal@yahoogroups.com to switch back again
)
You wouldn't need a Yahoo account or Yahoo profile, no. All it would allow you to do if you set one up would be to allow you to use the webpage features of that group like the photos and files area. Since they're not used by the fraternalnews group, you needn't worry.
Hope that helps.