Program areas at Brainerd BN Credit Union
Dividends on savings deposits paid to our members on a quarterly basis
Life insurance for members on share accounts. The life insurance premiums are paid for by the Credit Union. 6,730 members had this service available to them as of december 31, 2023.
Debit card expenses. Expenses related to providing debit cards for members. 6,730 members have this service available to them as of december 31, 2023.
- loan servicing (expenses 51,923) expenses related to providing loans to members. - corporate Credit Union expenses (expenses 17,151) expenses related to providing financial service to members such as wiring funds, cashing checks, and ach transactions. - annual meeting (expenses 7,550) expenses related to annual meeting to vote for board of directors and committee members and present the prior year financial results to members.
Personnel at Brainerd BN Credit Union
| Name | Title | Compensation | Date of data |
|---|
| David Larson | Chief Financial Officer | $113,854 | 2023-11-13 |
| Cindy Stunek | Assistant Treasurer | $72,843 | 2022-12-31 |
| Jessie Lecy | Executive Secr. | $15,010 | 2022-12-31 |
| Kaycie Mogensen | Treasurer / Assistant Tres. | $102,027 | 2022-12-31 |
| Crystal Bahma | Assistant Treasurer | $26,121 | 2022-12-31 |
| ...and 6 more key personnel |
Financials for Brainerd BN Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $2,534,131 | $2,233,068 | 13.5% |
| Investment income and dividends | $1,963,066 | $489,180 | 301.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $2,580 | $103,811 | -97.5% |
| Total revenues | $4,499,777 | $2,826,059 | 59.2% |
Organizations like Brainerd BN Credit Union
| Organization | Type | Location | Revenue |
|---|
| Virginia Coop Credit Union | 501(c)(14) | Virginia, MN | $1,943,862 |
| Harbor Pointe Credit Union (DTCU) | 501(c)(14) | Duluth, MN | $6,824,977 |
| MN Catholic Credit Union | 501(c)(14) | Little Canada, MN | $2,024,264 |
| Minnco Credit Union | 501(c)(14) | Cambridge, MN | $22,040,179 |
| Anoka Hennepin Credit Union | 501(c)(14) | Coon Rapids, MN | $12,997,224 |
| Ely Area Credit Union | 501(c)(14) | Ely, MN | $2,330,009 |
| Crow Wing Power Credit Union | 501(c)(14) | Brainerd, MN | $3,786,281 |
| Associated Healthcare Credit Union | 501(c)(14) | Woodbury, MN | $6,129,567 |
| Leading Edge Credit Union | 501(c)(14) | Worthington, MN | $7,569,554 |
| Greater Community Credit Union | 501(c)(14) | Dawson, MN | $8,742,446 |
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 1 new personnel
April 14, 2022
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
- Address
- 804 Laurel St
- Brainerd, MN 56401
- County
- Crow Wing County, MN
- Website URL
- bbncu.org/
- Phone
- (218) 829-9065
IRS details
- EIN
- 41-0800286
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1941
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Child within group exemption
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