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Nonprofiteer
← BROKAW CREDIT UNION

Form 990 for tax year 2025

Filed by BROKAW CREDIT UNION.

Totals

Total revenue
$4,136,720
Total expenses
$3,191,587
Contributions and grants received
$3,232
Grants paid
$4,980
Program service revenue
$3,278,709
Investment income
$847,273
Other revenue
$7,506
Total assets, end of year
$69,456,010
Total liabilities, end of year
$61,017,427
Net assets or fund balances, end of year
$8,438,583
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,232

  • 2a · Program service revenue: INTEREST ON LOANS

    total $2,619,511 · related or exempt $2,619,511

  • 2b · Program service revenue: MEMBER FEE INCOME

    total $472,695 · related or exempt $472,695

  • 2c · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $182,692 · related or exempt $182,692

  • 2d · Program service revenue: FEE & INSURANCE REVENUE

    total $3,332 · unrelated business $3,332

  • 2e · Program service revenue: CVR/DMV FEE INCOME

    total $479 · unrelated business $479

  • 3 · Investment income

    total $847,273 · excluded $847,273

  • 5 · Royalties

    total $7,506 · excluded $7,506

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,980

  • 5 · Compensation of officers, directors and key employees

    total $212,636

  • 7 · Other salaries and wages

    total $717,913

  • 8 · Pension plan contributions

    total $76,639

  • 9 · Other employee benefits

    total $82,702

  • 10 · Payroll taxes

    total $68,653

  • 11b · Fees: legal

    total $6,528

  • 11c · Fees: accounting

    total $18,454

  • 12 · Advertising and promotion

    total $151,625

  • 13 · Office expenses

    total $457,785

  • 14 · Information technology

    total $456,579

  • 16 · Occupancy

    total $52,361

  • 17 · Travel

    total $3,424

  • 19 · Conferences, conventions and meetings

    total $3,775

  • 22 · Depreciation, depletion and amortization

    total $72,269

  • 23 · Insurance

    total $30,209

  • 24a · Other expenses: DIVIDEND EXPENSE

    total $390,631

  • 24b · Other expenses: LOAN SERVICING

    total $296,640

  • 24c · Other expenses: CREDIT LOSS EXPENSE

    total $76,584

  • 24d · Other expenses: ATM CASH THEFT

    total $11,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $547,610 · end of year $591,545

  • 2 · Savings and temporary cash investments

    beginning of year $11,220,578 · end of year $14,599,846

  • 4 · Accounts receivable

    beginning of year $61,470 · end of year $92,209

  • 7 · Other notes and loans receivable

    beginning of year $44,409,314 · end of year $44,491,744

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,351 · end of year $116,621

  • 10a · Land, buildings and equipment: cost or other basis

    $1,721,797

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,250,548

  • 10c · Land, buildings and equipment, net

    beginning of year $404,903 · end of year $471,249

  • 13 · Investments: program-related

    beginning of year $9,742,169 · end of year $8,035,778

  • 15 · Other assets

    beginning of year $1,085,097 · end of year $1,057,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,000,818 · end of year $632,434

  • 21 · Escrow or custodial account liability

    beginning of year $106,080 · end of year $110,939

  • 25 · Other liabilities

    beginning of year $58,959,145 · end of year $60,274,054

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,493,449 · end of year $8,438,583

Mission and programs · 2025

Mission

IN A CARING, COOPERATIVE MANNER, PROVIDE MEMBERS WITH AFFORDABLE, INNOVATIVE, QUALITY PRODUCTS AND SERVICES WHILE ESTABLISHING LIFELONG RELATIONSHIPS.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 688 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 5,733 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 39,386 NEW LOANS DURING 2025. AS OF 12/31/25 WE HAD 55,892 LOANS RECEIVABLE.

As filed on the 2025 return.

Listed in Part VII

  • Lori Berry

    PRESIDENT/CE

    Total calculated
    $136,135
    From this org
    $113,955
    From related orgs
    $0
    Other
    $22,180
    Hours/week
    40

  • Roger Krause

    ACCOUNTING M

    Total calculated
    $119,394
    From this org
    $92,551
    From related orgs
    $0
    Other
    $26,843
    Hours/week
    40

  • Sandy Oestreich

    CHAIR

    Total calculated
    $1,605
    From this org
    $1,605
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.75

  • Gwyn Leu

    SECRETARY

    Total calculated
    $1,105
    From this org
    $1,105
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Richard Burch

    TREASURER

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Terry Radtke

    DIRECTOR

    Total calculated
    $780
    From this org
    $780
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Steve Frazier

    DIRECTOR

    Total calculated
    $660
    From this org
    $660
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Mark Golding

    VICE CHAIR

    Total calculated
    $660
    From this org
    $660
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jonathan Griesbach

    DIRECTOR

    Total calculated
    $420
    From this org
    $420
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
30 March 2026
IRS schema version
2025v4.0
Source object
202610909349300836

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