Brewery Credit Union
- Assets
- $60.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0181775
Organization Overview
Brewery Credit Union is located in Milwaukee, WI. As of 12/2021, Brewery Credit Union employed 31 individuals. Brewery Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Brewery Credit Union generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SUPERIOR FINANCIAL SERVICES WHILE ECONOMICALLY IMPROVING OUR MEMBERS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Seetan Mortgage Officer | 40 | $146,030 | |
Steven Janssen President/ceo | Officer | 40 | $136,248 |
Kristin Brojanac Vice President | Officer | 40 | $91,003 |
Mikal Gilliat Treasurer | OfficerTrustee | 1 | $0 |
Michael Styke Secretary | OfficerTrustee | 1 | $0 |
Jennifer Schilling Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cuanswers Data Processing | 12/30/16 | $244,964 |
Vantiv Card Processor | 12/30/16 | $206,993 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,412,790 |
| Investment income | $88,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,518,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,061 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $854,967 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $77,102 |
| Other employee benefits | $121,024 |
| Payroll taxes | $92,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,337 |
| Advertising and promotion | $109,645 |
| Office expenses | $160,994 |
| Information technology | $245,854 |
| Royalties | $0 |
| Occupancy | $99,519 |
| Travel | $633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,751 |
| Interest | $0 |
| Payments to affiliates | $28,583 |
| Depreciation, depletion, and amortization | $129,788 |
| Insurance | $39,960 |
| All other expenses | -$152,770 |
| Total functional expenses | $3,288,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,240,942 |
| Savings and temporary cash investments | $9,538,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,341,291 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,411 |
| Net Land, buildings, and equipment | $2,179,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $489,720 |
| Intangible assets | $0 |
| Other assets | $3,202,147 |
| Total assets | $60,062,659 |
| Accounts payable and accrued expenses | $513,590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,098,799 |
| Total liabilities | $48,612,389 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,803,991 |
| Retained earnings, endowment, accumulated income, or other funds | $9,646,279 |
| Total liabilities and net assets/fund balances | $60,062,659 |
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