Brainerd B N Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Brainerd B N Credit Union is a 501(c)(14) organization based in Brainerd, Minnesota, registered in 1944, with $5,627,154 in FY2024 revenue. CharityIndex grades it B.
804 Laurel Street, Brainerd, MN, 56401 EIN 41-0800286 Since 1944
Revenue (FY2024)
$5.6M
▲ 25.1% vs prior year
Expenses (FY2024)
$4.8M
Net assets
$12.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Brainerd B N Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating32 mo reserves · +15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Brainerd B N Credit Union: 32 mo reserves · +15% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Brainerd B N Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Brainerd B N Credit Union: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.2M (FY2013) to $5.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $97.9MNet assets $12.6M
Operating margin
15.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$110.5M
Total liabilities
$97.9M
Net assets
$12.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,627,154▲25.1% | $4,758,672▲35.3% | $12,622,213▲7.4% | $110,482,179▲6.8% | 990 |
| 2023 | $4,499,777▲59.2% | $3,517,290▲51.1% | $11,753,731▲9.3% | $103,465,347▲6.6% | 990 |
| 2022 | $2,826,059▼1.6% | $2,327,280▲6.1% | $10,752,451▲4.9% | $97,066,978▲1.5% | 990 |
| 2021 | $2,872,699▲0.6% | $2,192,654▼14.3% | $10,253,672▲7.1% | $95,654,277▲8.0% | 990 |
| 2020 | $2,855,252▼5.8% | $2,557,073▼3.7% | $9,573,627▲3.2% | $88,532,681▲10.5% | 990 |
| 2019 | $3,030,553▲10.4% | $2,654,407▲15.3% | $9,275,448▲4.2% | $80,108,144▲7.2% | 990 |
| 2018 | $2,745,241▲14.1% | $2,302,573▲11.2% | $8,899,302▲5.2% | $74,758,804▲1.1% | 990 |
| 2017 | $2,406,161▲2.8% | $2,070,108▼0.9% | $8,456,634▲4.1% | $73,963,841▲1.1% | 990 |
| 2016 | $2,340,208▲7.1% | $2,088,574▲5.6% | $8,120,581▲3.2% | $73,182,717▲5.7% | 990 |
| 2015 | $2,185,343▲1.5% | $1,977,700▲3.2% | $7,868,947▲2.7% | $69,247,310▲7.2% | 990 |
| 2014 | $2,153,096 | $1,916,727▼3.9% | $7,661,304▲3.2% | $64,593,027▲2.3% | 990 |
| 2013 | $2,152,206 | $1,994,094▼2.5% | $7,424,935▲2.2% | $63,160,597▲1.8% | 990 |
| 2012 | — | $2,044,455▼9.8% | $7,266,823▲2.7% | $62,016,236▲2.9% | 990 |
| 2011 | — | $2,265,499▼3.2% | $7,076,716▲1.1% | $60,259,904▲2.4% | 990 |
| 2010 | — | $2,339,292 | $6,996,845 | $58,833,877 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Brainerd B N Credit Union a legitimate nonprofit?
- Yes. Brainerd B N Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 41-0800286, based in Brainerd, Minnesota.
- What is Brainerd B N Credit Union's EIN?
- Brainerd B N Credit Union's Employer Identification Number (EIN) is 41-0800286.
- How much revenue does Brainerd B N Credit Union report?
- Brainerd B N Credit Union reported $5,627,154 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Brainerd B N Credit Union have?
- CharityIndex grades Brainerd B N Credit Union B, based on financial health (reserves and operating margin).
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Data for Brainerd B N Credit Union (EIN 41-0800286) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.