Brewery Credit Union
- Assets
- $63.2m
- Revenue
- $5.4m
- Investments
- $156.6k
- Employees
- 33
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-0181775
Organization Overview
Brewery Credit Union is located in Milwaukee, WI. As of 12/2023, Brewery Credit Union employed 33 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 12/2023, Brewery Credit Union generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SUPERIOR FINANCIAL SERVICES WHILE ECONOMICALLY EMPOWERING 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 |
|---|---|---|---|
Marie Britt Sharpe Chair | OfficerTrustee | 1 | $0 |
Mikal Gilliat Treasurer | OfficerTrustee | 1 | $0 |
Michael Styke Secretary | OfficerTrustee | 1 | $0 |
Jennifer Schilling Vice Chair | OfficerTrustee | 1 | $0 |
Lamaine Harris Director | Trustee | 1 | $0 |
Charles Roedel Director | Trustee | 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 |
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 | $4,799,584 |
| Investment income | $511,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,402,928 |
| 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. | $258,058 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $849,920 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $90,655 |
| Other employee benefits | $165,603 |
| Payroll taxes | $110,985 |
| 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 | $176,960 |
| Advertising and promotion | $154,420 |
| Office expenses | $169,866 |
| Information technology | $261,283 |
| Royalties | $0 |
| Occupancy | $106,414 |
| Travel | $1,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,416 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,537 |
| Insurance | $49,111 |
| All other expenses | $102,900 |
| Total functional expenses | $4,611,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,713 |
| Savings and temporary cash investments | $11,282,731 |
| 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 | $45,434,346 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,929 |
| Net Land, buildings, and equipment | $2,005,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $156,646 |
| Investments—program-related | $639,102 |
| Intangible assets | $0 |
| Other assets | $3,225,069 |
| Total assets | $63,207,864 |
| Accounts payable and accrued expenses | $597,732 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $110,248 |
| 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 | $49,378,780 |
| Total liabilities | $50,086,760 |
| 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 | $11,317,113 |
| Total liabilities and net assets/fund balances | $63,207,864 |