Sep, 30, 2025 — BRAINERD B. N. CREDIT UNION is a federally insured state chartered credit union headquartered in BRAINERD, MN with 1 branch location and about $120.93 million in total assets. Opened 86 years ago in 1940, BRAINERD B. N. CREDIT UNION has about 6,712 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRAINERD B. N. CREDIT UNION |
|---|---|
| Address: (Main Office) | 804 Laurel St Ste 101 BRAINERD, MN 56401-3799 |
| Phone: | (218) 829-9065 |
| Fax: | (218) 829-2568 |
| Website: | https://www.bbncu.org |
| Branches: | 1 branch locations |
| Members: | 6,712 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60436 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $120,925,496 |
| CEO/Manager: | Kaycie R Hofmann |
| Chairperson: | Wayne A Larson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 795,395 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,396,433 |
| Unsecured Loans | 311,451 |
| Other Loans | 15,773,004 |
| TOTAL LOANS | 63,523,666 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -401,437 |
| Land And Building | 1,072,350 |
| Other Fixed Assets | 90,843 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 933,669 |
| All Other Assets | 75,367 |
| TOTAL ASSETS | 120,925,496 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 609,746 |
| Accounts Payable & Other Liabilities | 455,186 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,468,648 |
| Regular shares | 20,319,146 |
| All Other Shares & Deposits | 69,803,451 |
| TOTAL SHARES & DEPOSITS | 106,591,245 |
| TOTAL LIABILITIES | 107,656,177 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 13,269,319 |
| TOTAL EQUITY | 13,269,319 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 120,925,496 |
| INCOME & EXPENSE | |
| Loan Income | 2,285,289 |
| Investment Income | 1,833,184 |
| Other Income | 76,967 |
| Total Employee Compensation & Benefits | 1,126,842 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 909,292 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,314 |
| Cost of Funds | 1,690,396 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 647,105 |
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