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BRAINERD B. N. CREDIT UNION

Jun, 30, 2021 — BRAINERD B. N. CREDIT UNION is a federally insured state chartered credit union headquartered in Brainerd, MN with 1 branch location and about $92.96 million in total assets. Opened 81 years ago in 1940, BRAINERD B. N. CREDIT UNION has about 6,915 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291973357
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:http://www.bbncu.org
Branches:1 branch locations
Members:6,915
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:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$92,963,547
CEO/Manager:Kaycie R Mogensen
Chairperson:Wayne A Larson

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,825,316
TOTAL INVESTMENTS 39,210,000
Loans Held for Sale 0
 
 Real Estate Loans 34,796,273
 Unsecured Loans 255,987
 Other Loans 14,892,602
 TOTAL LOANS 49,944,862
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -220,726
 Land And Building 470,774
 Other Fixed Assets 52,524
 NCUSIF Deposit 768,479
 All Other Assets 912,318
  TOTAL ASSETS 92,963,547
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 291,520
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,186,798
 Regular shares 20,781,856
 All Other Shares & Deposits 48,840,122
  TOTAL SHARES & DEPOSITS 82,808,776
  TOTAL LIABILITIES 83,100,296
 Regular Reserve 1,921,948
 Other Reserves 0
 Undivided Earnings 7,941,303
  TOTAL EQUITY 9,863,251
  TOTAL LIABILITIES, SHARES, & EQUITY 92,963,547
INCOME & EXPENSE  
 Loan Income 941,366
 Investment Income 96,323
 Other Income 37,447
 Total Employee Compensation & Benefits 507,874
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 414,714
 Non-operating Income & (Expense) 134,221
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,500
 Cost of Funds 156,296
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 289,623
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