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BRAINERD B. N. CREDIT UNION

Dec, 31, 2022 — BRAINERD B. N. CREDIT UNION is a federally insured state chartered credit union headquartered in BRAINERD, MN with 1 branch location and about $99.08 million in total assets. Opened 83 years ago in 1940, BRAINERD B. N. CREDIT UNION has about 6,883 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.


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:https://www.bbncu.org
Branches:1 branch locations
Members:6,883
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$99,084,038
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 3,889,243
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 35,168,125
 Unsecured Loans 297,691
 Other Loans 15,427,300
 TOTAL LOANS 50,893,116
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -230,360
 Land And Building 524,332
 Other Fixed Assets 49,663
 NCUSIF Deposit 840,643
 All Other Assets 0
  TOTAL ASSETS 99,084,038
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 332,488
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 15,646,092
 Regular shares 23,848,250
 All Other Shares & Deposits 48,706,705
  TOTAL SHARES & DEPOSITS 88,201,047
  TOTAL LIABILITIES 88,533,535
 Regular Reserve 0
 Other Reserves 1,921,948
 Undivided Earnings 8,628,555
  TOTAL EQUITY 10,550,503
  TOTAL LIABILITIES, SHARES, & EQUITY 99,084,038
INCOME & EXPENSE  
 Loan Income 1,337,550
 Investment Income 204,599
 Other Income 58,964
 Total Employee Compensation & Benefits 883,335
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 653,205
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,265
 Cost of Funds 127,698
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 296,831
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