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.
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 |
|---|
| Minnesota Power Employees Credit Union | 501(c)(14) | Duluth, MN | $6,860,848 |
| Co-Op Credit Union of Montevideo | 501(c)(14) | Montevideo, MN | $16,954,154 |
| Hibbing Cooperative Credit Union | 501(c)(14) | Hibbing, MN | $4,607,772 |
| SMW Financial Credit Union - No 10 | 501(c)(14) | Lino Lakes, MN | $4,265,492 |
| First Alliance Credit Union | 501(c)(14) | Stewartville, MN | $20,652,686 |
| NSP Credit Union | 501(c)(14) | Maplewood, MN | $2,103,894 |
| Deer River Cooperative Credit Union | 501(c)(14) | Deer River, MN | $1,384,899 |
| Minnco Credit Union | 501(c)(14) | Cambridge, MN | $22,040,179 |
| Virginia Coop Credit Union | 501(c)(14) | Virginia, MN | $1,943,862 |
| MN Catholic Credit Union | 501(c)(14) | Little Canada, MN | $2,318,070 |
Data update history
January 15, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 11, 2025
Updated personnel
Identified 1 new personnel
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
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/Â
- 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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