2024-04-25T12:48:51-04:00 2023-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2023-01-01 390936429 BROKAW CREDIT UNION BROK 7153597012 PO BOX 199 WESTON WI 54476 LORI BERRY PRESIDENT/CEO 7153597012 2024-04-15 true LORI BERRY 999009999 true BRENT WOOKEY CPA P00062439 6087920843 2024-04-25 X 2023 2023-04-26 12:10:37Z LORI BERRY PO BOX 199 WESTON WI 54476 3658169 false X WWW.BROKAWCU.COM X 1952 WI IN A CARING, COOPERATIVE MANNER, PROVIDE MEMBERS WITH AFFORDABLE, INNOVATIVE, QUALITY PRODUCTS AND SERVICES WHILE ESTABLISHING LIFELONG RELATIONSHIPS. 7 6 20 6 5233 11000 0 1951743 2268782 790862 1366087 7190 7069 2760795 3641938 500 500 0 958883 991467 0 0 1508849 1788670 2468232 2780637 292563 861301 70995731 66715785 65244429 60084579 5751302 6631206 IN A CARING, COOPERATIVE MANNER, PROVIDE MEMBERS WITH AFFORDABLE, INNOVATIVE, QUALITY PRODUCTS AND SERVICES WHILE ESTABLISHING LIFELONG RELATIONSHIPS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 692 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 5,659 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 676 NEW LOANS TO OUR MEMBERS DURING 2023. AS OF 12/31/23 WE HAD 2,445 LOANS TO OUR MEMBERS. false false false false false false false true false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1571 0 true 20 true true true false false false false false false false X 7 6 false false false false true true true true true false false false true false false true true true false false X LORI BERRY 7153597012 PO BOX 199 WESTON WI 54476 LORI BERRY PRESIDENT/CE 40.00 X X 100428 0 15202 ROGER KRAUSE ACCOUNTING M 40.00 X 80314 0 27878 SANDY OESTREICH CHAIR 0.75 X X 1545 0 0 GWYN LEU SECRETARY 0.50 X X 1060 0 0 TERRY RADTKE DIRECTOR 0.50 X 675 0 0 RICHARD BURCH TREASURER 0.50 X X 630 0 0 MARK GOLDING VICE CHAIR 0.50 X X 615 0 0 STEVE FRAZIER DIRECTOR 0.50 X 570 0 0 185837 43080 1 false false false FISERV INC 75 REMITTANCE DRIVE CHICAGO IL 60675 CORE SYSTEM 112414 1 INTEREST ON LOANS 522130 1609889 1609889 MEMBER FEE INCOME 522130 436559 436559 OTHER MEMBER RELATED REVENUE 522130 217101 217101 FEE & INSURANCE REVENUE 520000 4565 4565 CVR/DMV FEE INCOME 560000 668 668 2268782 1382318 1382318 7069 7069 16231 -16231 -16231 -16231 3641938 2247318 5233 1389387 500 185837 630289 41340 73385 60616 2527 15919 142329 433050 289483 48842 3520 10492 113497 28804 LOAN SERVICING 290277 DIVIDEND EXPENSE 246154 CREDIT LOSS EXPENSE 163776 2780637 0 0 0 690325 678359 29038120 19748497 31248455 34667593 95655 95387 1830029 1339914 599121 490115 8207252 9963528 1116803 1072306 70995731 66715785 1433023 856528 107927 99125 63703479 59128926 65244429 60084579 X 5751302 6631206 5751302 6631206 70995731 66715785 X 861301 18603 X false false false true X 96943 96943 828036 684285 143751 905050 655629 249421 490115 INVESTMENTS WITH MATURITY > 1 YEAR 8700750 C COLI INVESTMENT 1035217 F CAPITAL ACCOUNTS CORPORATE CU 221561 C WISCUB STOCK 6000 C 9963528 MEMBER SHARES & DEPOSITS 59226975 ALLOWANCE CREDIT LOSS OFF-BALANCE SH 1076 ESCROW TO LINE 21 BALANCE SHEET -99125 59128926 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE 990. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION FOR THE CEO/PRESIDENT. THE REVIEW AND APPROVAL ARE NOTED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ANNUAL MEMBERSHIP MEETING. FINANCIAL STATEMENT ALSO POSTED IN LOBBY. FORM 990, PART XI, LINE 9 INITIAL CECL ADJUSTMENT 18,603