NonprofitsBrainerd B N Credit Union

Brainerd B N Credit Union

BRAINERD, MN

Total revenue

$5.6M

Total expenses

$4.8M

Net assets

$12.6M

Grants received

EIN

410800286

Tax year

2024

Mission

We dedicate all our efforts to providing members the best financial products and services available while maintaining financial stability.

Programs

3 programs

Debit card expenses. Expenses related to providing debit cards for members. 6,671 members have this service available to them as of december 31, 2024.

Expenses: $225K

Life insurance for members on share accounts. The life insurance premiums are paid for by the credit union. 6,671 members had this service available to them as of december 31, 2024.

Expenses: $30K

- loan servicing (expenses 62,154) expenses related to providing loans to members. - corporate credit union expenses (expenses 16,460) expenses related to providing financial service to members such as wiring funds, cashing checks, and ach transactions. - annual meeting (expenses 6,856) expenses related to annual meeting to vote for board of directors and committee members and present the prior year financial results to members.

Expenses: $85K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$3.1M
Investment income$2.6M
Other revenue
Total revenue$5.6M

Expenses

Grants paid
Salaries & benefits$1.4M
Fundraising
Other expenses$1.2M
Total expenses$4.8M
Total assets$110.5M
Net assets$12.6M

People

12 listed

NameRoleCompensation

DAVID LARSON

CHIEF FIN'L

Board

$126K

45 hrs/wk

KAYCIE HOFMANN

TREASURER

Board

$113K

45 hrs/wk

CINDY STUNEK

ASST. TREAS.

Board

$80K

45 hrs/wk

CRYSTAL BAHMA

ASST. TREAS.

Board

$66K

45 hrs/wk

JESSIE LECY

EXEC. SECR.

Board

$42K

45 hrs/wk

RHONDA SANDELL

DIRECTOR

Board

$1K

1 hrs/wk

LOIS BOURASSA

DIRECTOR

Board

$1K

1 hrs/wk

KELLY BROWN

DIR-V. CHAIR

Board

$1K

1 hrs/wk

STACY CAUGHEY

DIRECTOR

Board

$813

1 hrs/wk

BRENDA WHIRLEY

DIRECTOR

Board

$806

1 hrs/wk

ANDREW LARSON

DIR-CHAIRMAN

Board

$656

1 hrs/wk

JENNIFER KIFFMEYER

DIRECTOR

Board

$37

1 hrs/wk

Details

EIN410800286
Subsection14
Ruling date1944-09
Formed1941
Employees23
BRAINERD B N CREDIT UNION — Mission, Financials & Grants Received | Grantivo