Bear Paw Credit Union

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

EIN: 810264486 ✦ Havre, MT ✦ Designated as a 501(c)(14)

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Overview

What is Bear Paw Credit Union?

Bear Paw Credit Union is a nonprofit financial organization situated in Havre, Montana, with its headquarters at 201 Second Street. As a member-owned entity, its primary function is to offer competitive savings and lending services to its members. Beyond financial services, Bear Paw Credit Union provides additional support through counseling, financial education, newsletters, deposit and loan insurance protection, and consumer education. The institution is committed to promoting thrift and sound financial management as part of its mission. With a workforce of 41 employees, Bear Paw Credit Union strives to deliver the best possible financial services to its members.


Official website here: www.bearpawcu.org

Is Bear Paw Credit Union legitimate?

Bear Paw Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Bear Paw 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: $493,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,235,315

For more financial information, click here


Official website here: www.bearpawcu.org

What is the mission statement of Bear Paw Credit Union?

Bear Paw Credit Union is a member-owned, not-for-profit financial organization with the primary goal of offering its members the best financial services at competitive rates. The credit union promotes thrift and sound financial management as part of its mission. The primary financial services provided by Bear Paw Credit Union include member savings and lending. Additionally, the credit union offers various support services such as counseling, financial education, newsletters, deposit and loan insurance protection, and consumer education.


Official website here: www.bearpawcu.org

Who is the CEO of Bear Paw Credit Union?

Albert J Vukasin Jr is the President/Ceo of Bear Paw Credit Union. The CEO's salary of Bear Paw Credit Union is $193,856 and their total compensation is $255,207.


Official website here: www.bearpawcu.org

What is the revenue of Bear Paw Credit Union?

Bear Paw Credit Union's revenue in 2022 was $5,276,975.


Official website here: www.bearpawcu.org

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

The average compensation at Bear Paw Credit Union during 2022 was $42,154. There are 41 employees at Bear Paw Credit Union.


Here are 10 key members and their salaries (Bear Paw Credit Union's CEO's salary is $193,856 and their total compensation is $255,207):


Lowell Swenson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Jensen (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willard Fladager (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Peterson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cal Wirtzberger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darren Overlie (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Jensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert J Vukasin Jr (President/Ceo)
  • Compensation: $193,856
  • Related: $0
  • Other: $61,351
Gerry Veis (Executive Vice President)
  • Compensation: $165,767
  • Related: $0
  • Other: $48,307
Roger Stone (Vice President Its)
  • Compensation: $133,389
  • Related: $0
  • Other: $27,688


Official website here: www.bearpawcu.org

Where can I find the form 990 for Bear Paw Credit Union?

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


Official website here: www.bearpawcu.org

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

Mission Statement of Bear Paw Credit Union

Bear Paw Credit Union, a member-owned financial organization, is dedicated to providing the best possible financial services to its members at competitive rates. Its primary focus is on promoting thrift and sound financial management. As a not-for-profit entity, the credit union offers a wide range of services beyond traditional savings and lending. These additional offerings include financial counseling, educational resources, newsletters, deposit and loan insurance protection, and consumer education. The organization's mission is to serve its members effectively, ensuring they have the tools and knowledge necessary to manage their finances responsibly and thrive financially.

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Impact




October, 2024

Bear Paw Credit Union significantly impacts its community by providing essential financial services to its members. With a focus on member savings and lending, the credit union fosters financial stability and growth for individuals and families. In addition to traditional banking services, Bear Paw offers valuable resources such as counseling and financial education, empowering members to make informed financial decisions.

The credit union's commitment to promoting thrift and sound financial management enhances the financial well-being of its members, encouraging a culture of saving and responsible spending. Through newsletters and consumer education initiatives, Bear Paw keeps its community informed and engaged, further strengthening community ties.

By providing deposit and loan insurance protection, Bear Paw ensures that its members feel secure in their financial transactions. Overall, the credit union plays a vital role in enhancing the financial health of the Havre, MT community, striving to offer competitive rates and high-quality services that benefit all members.




This information is meant to be a general summary of Bear Paw 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
$5,276,975 (2022)
Expenses
$4,870,945 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$209
  • Program Service Revenue: $5,268,978
  • Gross Receipts: $5,277,334

Assets and Liabilities:

  • Total Assets: $144,965,959
  • Total Liabilities: $1,100,778
  • Net Assets: $143,865,181

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Programs

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

LOAN INTEREST

Revenue

$2,411,196

FEES & CHARGES

Revenue

$1,795,841

INVESTMENT INTEREST

Revenue

$1,061,941

Organization Details

Founding Year

1942

Principal Officer

Albert J Vukasin Jr

Main Address

201 SECOND STREET, HAVRE, MT, 59501

NTEE Category

Code: W60 - Public benefit

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