Brainerd Bn Credit Union

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

EIN: 410800286 ✦ Brainerd, MN ✦ Designated as a 501(c)(14)

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Overview

What is Brainerd Bn Credit Union?

Brainerd Bn Credit Union is a nonprofit financial institution situated at 804 Laurel Street, Brainerd, Minnesota. With a team of 26 dedicated employees, they are committed to providing their members with top-notch financial products and services while maintaining financial stability. One of their key activities involves distributing dividends on savings deposits to members on a regular quarterly basis. Their mission is centered around serving their members effectively, ensuring they have access to the finest financial tools available.


Official website here: www.bbncu.org

Is Brainerd Bn Credit Union legitimate?

Brainerd Bn Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Brainerd Bn 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: $335,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $481,596

For more financial information, click here


Official website here: www.bbncu.org

What is the mission statement of Brainerd Bn Credit Union?

Brainerd Bn Credit Union is committed to providing its members with top-notch financial products and services. Their dedication extends beyond just offering these services; they also strive to maintain financial stability. The credit union regularly pays dividends on savings deposits to its members on a quarterly basis. In essence, Brainerd Bn Credit Union is focused on delivering the best financial solutions while ensuring a stable financial future for its members.


Official website here: www.bbncu.org

Who is the CEO of Brainerd Bn Credit Union?

Kaycie Mogensen is the Treasurer of Brainerd Bn Credit Union.


Official website here: www.bbncu.org

What is the revenue of Brainerd Bn Credit Union?

Brainerd Bn Credit Union's revenue in 2022 was $2,826,059.


Official website here: www.bbncu.org

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

The average compensation at Brainerd Bn Credit Union during 2022 was $31,424. There are 26 employees at Brainerd Bn Credit Union.


Here are 12 key members and their salaries:


Rhonda Sandell (Director)
  • Compensation: $1,005
  • Related: $0
  • Other: $0
Stacy Caughey (Director)
  • Compensation: $1,020
  • Related: $0
  • Other: $0
Jennifer Kiffmeyer (Director)
  • Compensation: $163
  • Related: $0
  • Other: $0
Kelly Brown (Dir-V. Chair)
  • Compensation: $1,052
  • Related: $0
  • Other: $0
Andrew Larson (Dir-Chairman)
  • Compensation: $535
  • Related: $0
  • Other: $0
Lois Bourassa (Director)
  • Compensation: $1,080
  • Related: $0
  • Other: $0
Brenda Whirley (Director)
  • Compensation: $710
  • Related: $0
  • Other: $0
Kaycie Mogensen (Treasurer)
  • Compensation: $102,027
  • Related: $0
  • Other: $13,554
David Larson (Chief Fin'L)
  • Compensation: $113,854
  • Related: $0
  • Other: $26,163
Cindy Stunek (Asst. Treas.)
  • Compensation: $72,843
  • Related: $0
  • Other: $32,406
Jessie Lecy (Exec. Secr.)
  • Compensation: $15,010
  • Related: $0
  • Other: $2,930
Crystal Bahma (Asst. Treas.)
  • Compensation: $26,121
  • Related: $0
  • Other: $10,355


Official website here: www.bbncu.org

Where can I find the form 990 for Brainerd Bn Credit Union?

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


Official website here: www.bbncu.org

Learn more at the official website: www.bbncu.org

Mission Statement of Brainerd Bn Credit Union

Brainerd Bn Credit Union is committed to dedicating its efforts towards providing members with the finest financial products and services available while ensuring financial stability. The credit union's mission is to serve its members effectively, prioritizing their financial needs and well-being. This involves offering a variety of financial solutions that cater to their diverse financial requirements. The credit union's dedication to maintaining financial stability ensures that its services remain reliable and secure for its members.

In practice, this mission translates into providing dividends on savings deposits to members on a regular basis. This quarterly payout is a testament to the credit union's commitment to its members' financial growth and stability. By offering these financial benefits, Brainerd Bn Credit Union demonstrates its dedication to fostering a positive relationship with its members, working towards their financial success and well-being.

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Impact




October, 2024

Brainerd Bn Credit Union plays a vital role in its community by delivering exceptional financial products and services that prioritize the needs of its members. Located in Brainerd, MN, it focuses on maintaining financial stability while offering dividends on savings deposits, which are paid to members quarterly. This commitment to members fosters a sense of community and trust, ensuring that individuals and families have the resources they need to achieve their financial goals. Through its efforts, Brainerd Bn Credit Union significantly contributes to the financial well-being of its members and the overall economic health of the region.




This information is meant to be a general summary of Brainerd Bn 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
$2,826,059 (2022)
Expenses
$2,327,280 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $489,180
  • Program Service Revenue: $2,233,068
  • Gross Receipts: $2,826,059

Assets and Liabilities:

  • Total Assets: $97,066,978
  • Total Liabilities: $86,314,527
  • Net Assets: $10,752,451

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Programs

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

INTEREST INCOME ON LOANS

Revenue

$1,814,567

VISA INTERCHANGE INCOME

Revenue

$252,887

FEE INCOME

Revenue

$79,770

MISC OPERATING INCOME

Revenue

$51,194

LEASE INCOME

Revenue

$31,687

Organization Details

Founding Year

1941

Principal Officer

Kaycie Mogensen

Main Address

804 LAUREL STREET, BRAINERD, MN, 564013772

NTEE Category

Code: W60 - Public benefit

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