Civic Intelligence

Brainerd Bn Credit Union

990 • Fiscal year 2012 • EIN 41-0800286

Jan 01, 2012 to Dec 31, 2012 • Filed on May 13, 2013

Organization ProfileWWW.BBNCU.ORG

View Organization Page

804 Laurel Street56401-3772
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.88x

Higher debt load relative to assets than 34% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

33rd percentile

2.9%

Faster asset growth than 33% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$62,016,236

Up $1,756,332 (+2.9%) from 2011

Net Assets

Up

$7,266,823

Up $190,107 (+2.7%) from 2011

Liabilities

Up

$54,749,413

Up $1,566,225 (+2.9%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$2,044,455

Down $221,044 (-9.8%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $58,833,877Liabilities 2010: $51,837,032Net Assets 2010: $6,996,8452010Assets 2011: $60,259,904Liabilities 2011: $53,183,188Net Assets 2011: $7,076,7162011Assets 2012: $62,016,236Liabilities 2012: $54,749,413Net Assets 2012: $7,266,8232012Assets 2013: $63,160,597Liabilities 2013: $55,735,662Net Assets 2013: $7,424,9352013Assets 2014: $64,593,027Liabilities 2014: $56,931,723Net Assets 2014: $7,661,3042014Assets 2015: $69,247,310Liabilities 2015: $61,378,363Net Assets 2015: $7,868,9472015Assets 2016: $73,182,717Liabilities 2016: $65,062,136Net Assets 2016: $8,120,5812016Assets 2017: $73,963,841Liabilities 2017: $65,507,207Net Assets 2017: $8,456,6342017Assets 2018: $74,758,804Liabilities 2018: $65,859,502Net Assets 2018: $8,899,3022018Assets 2019: $80,108,144Liabilities 2019: $70,832,696Net Assets 2019: $9,275,4482019Assets 2020: $88,532,681Liabilities 2020: $78,959,054Net Assets 2020: $9,573,6272020Assets 2021: $95,654,277Liabilities 2021: $85,400,605Net Assets 2021: $10,253,6722021Assets 2022: $97,066,978Liabilities 2022: $86,314,527Net Assets 2022: $10,752,4512022Assets 2023: $103,465,347Liabilities 2023: $91,711,616Net Assets 2023: $11,753,7312023Assets 2024: $110,482,179Liabilities 2024: $97,859,966Net Assets 2024: $12,622,2132024

Highlighted filing

2012

Assets$62,016,236
Liabilities$54,749,413
Net Assets$7,266,823
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $2,339,2922010Expenses 2011: $2,265,4992011Expenses 2012: $2,044,4552012Revenue 2013: $2,152,206Expenses 2013: $1,994,094Net Income 2013: $158,1122013Revenue 2014: $2,153,096Expenses 2014: $1,916,727Net Income 2014: $236,3692014Revenue 2015: $2,185,343Expenses 2015: $1,977,700Net Income 2015: $207,6432015Revenue 2016: $2,340,208Expenses 2016: $2,088,574Net Income 2016: $251,6342016Revenue 2017: $2,406,161Expenses 2017: $2,070,108Net Income 2017: $336,0532017Revenue 2018: $2,745,241Expenses 2018: $2,302,573Net Income 2018: $442,6682018Revenue 2019: $3,030,553Expenses 2019: $2,654,407Net Income 2019: $376,1462019Revenue 2020: $2,855,252Expenses 2020: $2,557,073Net Income 2020: $298,1792020Revenue 2021: $2,872,699Expenses 2021: $2,192,654Net Income 2021: $680,0452021Revenue 2022: $2,826,059Expenses 2022: $2,327,280Net Income 2022: $498,7792022Revenue 2023: $4,499,777Expenses 2023: $3,517,290Net Income 2023: $982,4872023Revenue 2024: $5,627,154Expenses 2024: $4,758,672Net Income 2024: $868,4822024

Highlighted filing

2012

Revenue-
Expenses$2,044,455
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 13, 2013
Return Version
2012v2.1
Gross Receipts
$2,234,562
Mission and Program Overview

Mission

We dedicate all our efforts to bringing members the best financial products and services available while maintaining financial stability.

Major Activities

Activity 2
Debit card expenses. Expenses related to providing debit cards for members. 6,644 members have this service available to them as of december 31, 2012.
Activity 3
Life insurance for members on share accounts. The life insurance premiums are paid for by the credit union. 6,644 members had this service available to them as of december 31, 2012.
Filing and Contact Details

Filer

EIN
41-0800286
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IRS990ScheduleO/GeneralExplanation/Explanation0- LOAN SERVICING (EXPENSES 25,088) EXPENSES RELATED TO PROVIDING LOANS TO MEMBERS. - CORPORATE CREDIT UNION EXPENSES (EXPENSES 7,330) EXPENSES RELATED TO PROVIDING FINANCIAL SERVICE TO MEMBERS SUCH AS WIRING FUNDS, CASHING CHECKS, AND ACH TRANSACTIONS. - ANNUAL MEETING (EXPENSES 6,281) EXPENSES RELATED TO ANNUAL MEETING TO VOTE FOR BOARD OF DIRECTORS AND COMMITTEE MEMBERS AND PRESENT THE PRIOR YEAR FINANCIAL RESULTS TO MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1LINE 14 - WRITTEN DOCUMENT RETENTION POLICY THE ORGANIZATION HAS FORMAL RETENTION GUIDELINES IT FOLLOWS BUT THERE IS NOT A FORMAL WRITTEN POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation2THE CREDIT UNION HAS MEMBERS AND IS ORGANIZED AS A NONPROFIT.
IRS990ScheduleO/GeneralExplanation/Explanation3AT THE ANNUAL MEETING, MEMBERS OF THE CREDIT UNION ELECT ONE OR MORE MEMBERS TO OPEN POSITIONS ON THE ORGANIZATION'S GOVERNING BODY. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation4MEMBERS WOULD NEED TO APPROVE THE GOVERNING BODY'S ELECTION OR REMOVAL OF MEMBERS OF THE GOVERNING BODY OR A DECISION TO DISSOLVE THE ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation5THE 990 WAS REVIEWED BY THE ORGANIZATION'S CEO BEFORE IT WAS FILED. AFTER FILING THE RETURN, IT WAS ALSO PROVIDED AND REVIEWED WITH THE ORGANIZATION'S GOVERNING BODY AND COMMITTEE MEMBERS AT THE NEXT BOARD MEETING. THE REVIEW WAS CONDUCTED BY THE CFO WHO PREPARED THE RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation6THE CONFLICT OF INTEREST POLICY INCLUDES DIRECTORS, COMMITTEE MEMBERS, AND ALL EMPLOYEES OF THE CREDIT UNION. THE MANAGEMENT TEAM OVERSEES THIS POLICY AND DECIDES WHETHER A CONFLICT EXISTS AND IF IT DOES THEY REVIEW THE SITUATION WITH THE SUPERVISORY COMMITTEE. THIS POLICY IS REVIEWED ANNUALLY WITH DIRECTORS, COMMITTEE MEMBERS AND EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation7CEO: ANNUALLY THE BOARD OF DIRECTORS REVIEWS THE CEO'S JOB PERFORMANCE TO HELP DETERMINE THE COMPENSATION FOR THE NEW YEAR. A SPECIFIC PERFORMANCE REVIEW PROCESS IS USED. ALSO USED IS SURVEY RESULTS WHICH COMPARE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE PROCESS WAS LAST UNDERTAKEN IN LATE 2012.
IRS990ScheduleO/GeneralExplanation/Explanation8OFFICERS (EXCLUDING THE CEO): ANNUALLY A PERFORMANCE REVIEW IS COMPLETED FOR EACH OFFICER. A FORMAL DETAILED DOCUMENT IS COMPLETED BY EACH OFFICER AND THE CEO. AN INDEPTH DISCUSSION OCCURS WITH A REVIEW OF BOTH COMPLETED DOCUMENTS. THE RESULTS OF THIS PERFORMANCE REVIEW IS USED IN CONJUNCTION WITH COMPENSATION SURVEY RESULTS (COMPARABLE COMPENSATION FROM SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS) TO HELP DETERMINE THE COMPENSATION LEVEL FOR THE NEW YEAR. THE NEW COMPENSATION AMOUNT IS APPROVED BY THE BOARD OF DIRECTORS. THE PROCESS WAS LAST UNDERTAKEN IN LATE 2012.
IRS990ScheduleO/GeneralExplanation/Explanation9GOVERNING DOCUMENTS: DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY: AVAILABLE UPON REQUEST FOR PUBLIC VIEWING. FINANCIAL STATEMENTS: POSTED MONTHLY ON A BULLETIN BOARD AT THE CREDIT UNION FOR PUBLIC VIEWING.
IRS990ScheduleO/GeneralExplanation/Identifier0ALL OTHER ACCOMPLISHMENT DESCRIPTION
IRS990ScheduleO/GeneralExplanation/Identifier1ADDITIONAL INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier2CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier3ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier4DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier5ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier6ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier7COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier8COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier9GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/StateLegalDomicile0MN
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10804 LAUREL STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0BRAINERD
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode0564013772
IRS990/TheBooksAreInCareOf/NamePerson0DAVID G LARSON
IRS990/TheBooksAreInCareOf/TelephoneNumber02188299065
IRS990/TotalAssets/BOY060259904
IRS990/TotalAssetsBOY060259904
IRS990/TotalAssets/EOY062016236
IRS990/TotalAssetsEOY062016236
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IRS990/TotalExpensesCurrentYear02044455
IRS990/TotalExpensesPriorYear02265499
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral01551655
IRS990/TotalFunctionalExpenses/ProgramServices0492800
IRS990/TotalFunctionalExpenses/Total02044455
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI03577
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IRS990/TotalLiabilitiesBOY053183188
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IRS990/TotalLiabilitiesEOY054749413
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IRS990/TotalLiabNetAssetsFundBalances/EOY062016236
IRS990/TotalNbrEmployees020
IRS990/TotalNetAssetsFundBalances/BOY07076716
IRS990/TotalNetAssetsFundBalances/EOY07266823
IRS990/TotalOfOtherProgramServiceExp038699
IRS990/TotalOtherCompensation0137551
IRS990/TotalOthProgramServiceRevenue/RelatedOrExemptFunctionIncome0557
IRS990/TotalOthProgramServiceRevenue/TotalRevenueColumn04134
IRS990/TotalOthProgramServiceRevenue/UnrelatedBusinessRevenue03577
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense0492800
IRS990/TotalProgramServiceRevenue02053282
IRS990/TotalReportableCompFromOrg0322921
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IRS990/TotalRevenue/ExclusionAmount076663
IRS990/TotalRevenuePriorYear02345370
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome02154322
IRS990/TotalRevenue/TotalRevenueColumn02234562
IRS990/TotalRevenue/UnrelatedBusinessRevenue03577
IRS990/Travel/ManagementAndGeneral05647
IRS990/Travel/Total05647

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$62,016,236
Liabilities
$54,749,413
Net assets
$7,266,823
Revenue
-
Expenses
$2,044,455
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$97.9$12.6$5.63$4.76$0.87
2023Detailed filing. Detailed filing data is available for this year.$103$91.7$11.8$4.50$3.52$0.98
2022Detailed filing. Detailed filing data is available for this year.$97.1$86.3$10.8$2.83$2.33$0.50
2021Detailed filing. Detailed filing data is available for this year.$95.7$85.4$10.3$2.87$2.19$0.68
2020Detailed filing. Detailed filing data is available for this year.$88.5$79.0$9.57$2.86$2.56$0.30
2019Detailed filing. Detailed filing data is available for this year.$80.1$70.8$9.28$3.03$2.65$0.38
2018Detailed filing. Detailed filing data is available for this year.$74.8$65.9$8.90$2.75$2.30$0.44
2017Detailed filing. Detailed filing data is available for this year.$74.0$65.5$8.46$2.41$2.07$0.34
2016Detailed filing. Detailed filing data is available for this year.$73.2$65.1$8.12$2.34$2.09$0.25
2015Detailed filing. Detailed filing data is available for this year.$69.2$61.4$7.87$2.19$1.98$0.21
2014Detailed filing. Detailed filing data is available for this year.$64.6$56.9$7.66$2.15$1.92$0.24
2013Detailed filing. Detailed filing data is available for this year.$63.2$55.7$7.42$2.15$1.99$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.0$54.7$7.27$2.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.3$53.2$7.08$2.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.8$51.8$7.00$2.34
Peer Organizations

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