Bear Paw Credit Union
- Assets
- $145.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 41
- Location
- Havre, MT
- Founding
- Data as of
- 12/2022
- EIN
- 81-0264486
Organization Overview
Bear Paw Credit Union is located in Havre, MT. As of 12/2022, Bear Paw Credit Union employed 41 individuals. Bear Paw 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 12/2022, Bear Paw Credit Union generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 1.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONSUMER (MEMBER) FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY FINANCIAL SERVICES INCLUDE MEMBER SAVINGS AND LENDING. ADDITIONAL SERVICES PROVIDED INCLUDED COUNSELING, FINANCIAL EDUCATION, NEWSLETTERS, DEPOSIT AND LOAN INSURANCE PROTECTION, AND CONSUMER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lowell Swenson Chairman | OfficerTrustee | 1 | $0 |
Jeff Jensen Vice Chairman | OfficerTrustee | 1 | $0 |
Willard Fladager Treasurer | OfficerTrustee | 1 | $0 |
Dave Peterson Board Member | Trustee | 1 | $0 |
Cal Wirtzberger Board Member | Trustee | 1 | $0 |
Darren Overlie Board Member | Trustee | 1 | $0 |
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 | $5,268,978 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,276,975 |
| 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 | $226,887 |
| Compensation of current officers, directors, key employees. | $493,012 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,235,315 |
| Pension plan accruals and contributions | $111,303 |
| Other employee benefits | $644,505 |
| Payroll taxes | $136,805 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,744 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $82,667 |
| Total functional expenses | $4,870,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,368,908 |
| Savings and temporary cash investments | $82,728,071 |
| 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 | $52,976,378 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,558,493 |
| Net Land, buildings, and equipment | $1,794,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,539,167 |
| Total assets | $144,965,959 |
| Accounts payable and accrued expenses | $13,872 |
| 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 | $1,086,906 |
| Total liabilities | $1,100,778 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $134,192,684 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,672,497 |
| Total liabilities and net assets/fund balances | $144,965,959 |