Dec, 31, 2023 — BROKAW CREDIT UNION is a federally insured state chartered credit union headquartered in WESTON, WI with 1 branch location and about $66.72 million in total assets. Opened 38 years ago in 1986, BROKAW CREDIT UNION has about 5,659 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.
| Name: | BROKAW CREDIT UNION |
|---|---|
| Address: (Main Office) | 2006 Schofield Ave WESTON, WI 54476-2381 |
| Phone: | (715) 359-7012 |
| Fax: | (715) 355-5295 |
| Website: | https://www.brokawcu.com |
| Branches: | 1 branch locations |
| Members: | 5,659 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67000 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1986 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,715,785 |
| CEO/Manager: | Lori M Berry |
| Chairperson: | Sandra Oestrich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,439,606 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,570,044 |
| Unsecured Loans | 2,136,960 |
| Other Loans | 16,739,206 |
| TOTAL LOANS | 34,930,435 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -262,842 |
| Land And Building | 240,694 |
| Other Fixed Assets | 249,421 |
| NCUSIF Deposit | 605,017 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,715,785 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 856,528 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,275,658 |
| Regular shares | 30,636,542 |
| All Other Shares & Deposits | 15,314,775 |
| TOTAL SHARES & DEPOSITS | 59,226,975 |
| TOTAL LIABILITIES | 60,084,579 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,631,206 |
| TOTAL EQUITY | 6,631,206 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,715,785 |
| INCOME & EXPENSE | |
| Loan Income | 1,609,889 |
| Investment Income | 1,357,793 |
| Other Income | 436,559 |
| Total Employee Compensation & Benefits | 984,774 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,385,933 |
| Non-operating Income & (Expense) | 8,294 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 163,776 |
| Cost of Funds | 246,154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 861,301 |
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