Brokaw Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390936429 ✦ Weston, WI ✦ Designated as a 501(c)(14)

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Overview

What is Brokaw Credit Union?

Brokaw Credit Union is a nonprofit financial institution situated in Weston, Wisconsin. With a strong emphasis on cooperation and care, it offers a variety of affordable and innovative deposit accounts to its members. The credit union, which had 5,684 members as of December 31, 2022, opened 542 new deposit accounts during the year. The organization's mission is to establish long-lasting relationships with its members by providing top-notch products and services. The credit union is staffed by 21 dedicated employees, working diligently to fulfill its mission.


Official website here: www.brokawcu.com

Is Brokaw Credit Union legitimate?

Brokaw Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Brokaw Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $165,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $618,407

For more financial information, click here


Official website here: www.brokawcu.com

What is the mission statement of Brokaw Credit Union?

Brokaw Credit Union's mission, carried out in a caring and cooperative manner, is to offer affordable, innovative, and high-quality financial products and services to its members. The credit union aims to establish long-lasting relationships with its members by providing these services. The organization continually strives to meet the financial needs of its members, as evidenced by opening 542 new deposit accounts in 2022. As of December 31, 2022, Brokaw Credit Union had 5,684 members.


Official website here: www.brokawcu.com

Who is the CEO of Brokaw Credit Union?

Lori Berry is the President/Ce of Brokaw Credit Union.


Official website here: www.brokawcu.com

What is the revenue of Brokaw Credit Union?

Brokaw Credit Union's revenue in 2022 was $2,760,795.


Official website here: www.brokawcu.com

Who are the executives of Brokaw Credit Union and what are their salaries?

The average compensation at Brokaw Credit Union during 2022 was $37,332. There are 21 employees and 7 volunteers at Brokaw Credit Union.


Here are 9 key members and their salaries:


Lori Berry (President/Ce)
  • Compensation: $88,388
  • Related: $0
  • Other: $14,107
Roger Krause (Accounting M)
  • Compensation: $72,795
  • Related: $0
  • Other: $29,499
Sandy Oestreich (Chair)
  • Compensation: $1,305
  • Related: $0
  • Other: $0
Gwyn Leu (Secretary)
  • Compensation: $910
  • Related: $0
  • Other: $0
Mark Golding (Vice Chair)
  • Compensation: $540
  • Related: $0
  • Other: $0
Richard Burch (Treasurer)
  • Compensation: $495
  • Related: $0
  • Other: $0
Terry Radtke (Director)
  • Compensation: $495
  • Related: $0
  • Other: $0
Steve Frazier (Director)
  • Compensation: $405
  • Related: $0
  • Other: $0
Tara Smith (Director)
  • Compensation: $225
  • Related: $0
  • Other: $0


Official website here: www.brokawcu.com

Where can I find the form 990 for Brokaw Credit Union?

Brokaw Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.brokawcu.com

Learn more at the official website: www.brokawcu.com

Mission Statement of Brokaw Credit Union

Brokaw Credit Union, in a compassionate and collaborative manner, strives to offer its members affordable, innovative, and high-quality financial products and services. The credit union's primary goal is to establish enduring relationships with its members, ensuring a lifelong commitment. By providing a wide range of deposit accounts, Brokaw Credit Union aims to cater to the diverse financial needs of its members. In 2022, the credit union opened 542 new deposit accounts, demonstrating its commitment to serving its growing membership. As of December 31, 2022, Brokaw Credit Union had a total of 5,684 members, reflecting its successful mission to provide financial solutions and build lasting relationships.

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Impact




October, 2024

Brokaw Credit Union actively impacts the community by fostering financial wellness and promoting cooperative values. By offering a range of affordable, innovative, and high-quality products and services, the credit union supports its members in achieving their financial goals. In 2022, Brokaw Credit Union opened 542 new deposit accounts, reflecting its commitment to expanding access to financial resources. With a membership base of 5,684 as of December 31, 2022, the credit union emphasizes building lifelong relationships, ensuring that members feel valued and supported within their financial journeys. The focus on caring, cooperative service not only enhances individual financial security but also strengthens the community in Weston, WI.




This information is meant to be a general summary of Brokaw Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,760,795 (2022)
Expenses
$2,468,232 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $790,862
  • Program Service Revenue: $1,951,743
  • Gross Receipts: $2,797,769

Assets and Liabilities:

  • Total Assets: $70,995,731
  • Total Liabilities: $65,244,429
  • Net Assets: $5,751,302

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$1,280,909

MEMBER FEE INCOME

Revenue

$428,709

OTHER MEMBER RELATED REVENUE

Revenue

$237,629

FEE & INSURANCE REVENUE

Revenue

$3,811

CVR/DMV FEE INCOME

Revenue

$685

Organization Details

Founding Year

1952

Principal Officer

Lori Berry

Main Address

PO BOX 199, WESTON, WI, 54476

NTEE Category

Code: W60 - Public benefit

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