Totals
- Total revenue
- $29,565,856
- Total expenses
- $28,796,626
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $21,329,946
- Investment income
- $2,800,650
- Other revenue
- $5,435,260
- Total assets, end of year
- $394,913,946
- Total liabilities, end of year
- $358,079,476
- Net assets or fund balances, end of year
- $36,834,470
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: INTEREST INCOME
total $17,174,992 · related or exempt $17,174,992
-
2b · Program service revenue: MEMBER SERVICE FEES
total $4,154,954 · related or exempt $4,154,954
-
3 · Investment income
total $2,799,914 · excluded $2,799,914
-
7a · Gross sales of assets other than inventory
other assets $736
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $736
-
7d · Net gain or loss
total $736 · excluded $736
-
11a · Other revenue: MISCELLANEOUS FEE INCOME
total $4,891,136 · related or exempt $4,891,136
-
11b · Other revenue: ATM FEES
total $280,746 · related or exempt $36,228 · unrelated business $244,518
-
11c · Other revenue: INSURANCE INCOME
total $263,378 · unrelated business $263,378
-
11e · Other revenue, total
$5,435,260
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $3,676,053
-
5 · Compensation of officers, directors and key employees
total $945,445
-
7 · Other salaries and wages
total $9,540,301
-
8 · Pension plan contributions
total $903,098
-
9 · Other employee benefits
total $1,290,342
-
10 · Payroll taxes
total $795,326
-
11b · Fees: legal
total $187,482
-
11c · Fees: accounting
total $203,995
-
11g · Fees: other
total $698,331
-
12 · Advertising and promotion
total $391,882
-
14 · Information technology
total $1,803,626
-
16 · Occupancy
total $1,611,814
-
17 · Travel
total $237,294
-
20 · Interest
total $48
-
22 · Depreciation, depletion and amortization
total $668,356
-
23 · Insurance
total $154,716
-
24a · Other expenses: DEBIT CARD EXPENSE
total $1,546,085
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $966,189
-
24c · Other expenses: CREDIT CARD EXPENSE
total $906,426
-
24d · Other expenses: MAINTENANCE CONTRACTS
total $408,268
-
24e · All other expenses
total $1,861,549
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,282,035 · end of year $5,816,614
-
2 · Savings and temporary cash investments
beginning of year $55,223,374 · end of year $48,695,854
-
5 · Loans and receivables from officers and key people
beginning of year $956,327 · end of year $956,327
-
7 · Other notes and loans receivable
beginning of year $288,464,898 · end of year $284,643,337
-
9 · Prepaid expenses and deferred charges
beginning of year $1,171,607 · end of year $1,201,637
-
10a · Land, buildings and equipment: cost or other basis
$21,357,229
-
10b · Land, buildings and equipment: accumulated depreciation
$11,384,211
-
10c · Land, buildings and equipment, net
beginning of year $10,050,769 · end of year $9,973,018
-
11 · Investments: publicly traded securities
beginning of year $4,865,937 · end of year $23,780,899
-
12 · Investments: other securities
beginning of year $6,797,851 · end of year $7,114,173
-
15 · Other assets
beginning of year $11,404,643 · end of year $12,732,087
-
17 · Accounts payable and accrued expenses
beginning of year $5,431,687 · end of year $5,534,147
-
21 · Escrow or custodial account liability
beginning of year $131,300 · end of year $59,005
-
25 · Other liabilities
beginning of year $342,924,112 · end of year $352,486,324
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $35,730,342 · end of year $36,834,470
Mission and programs · 2025
Mission
TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELLBEING.
-
ANCORUM CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PERSONS WHO LIVE OR WORK IN THE COUNTIES OF ANDROSCOGGIN, CUMBERLAND, FRANKLIN, KENNEBEC, KNOX, LINCOLN, OXFORD, PENOBSCOT, PISCATAQUIS, SAGADAHOC, SOMERSET, AND WALDO MAINE, ALL ACTIVE AND RETIRED EMPLOYEES OF BATH IRON WORKS, EMPLOYEES OF ANCORUM CREDIT UNION AND RELATIVES OF ELIGIBLE MEMBERS. THE CREDIT UNION'S PRIMARY ACTIVITY IS PROVIDING LOANS TO MEMBERS AND THEIR FAMILIES. AS OF 12/31/25, ANCORUM CREDIT UNION SERVES 30,693 MEMBERS AND HAS TOTAL DEPOSITS OF $351,162,990. IN ADDITION, THE CREDIT UNION HAS 22,953 OUTSTANDING LOANS TO MEMBERS WITH A TOTAL BALANCE OF $285,930,755 AT 12/31/2025.
As filed on the 2025 return.
Listed in Part VII
-
Robert BrewerROBERT BREWER
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Merlin SuggsMERLIN SUGGS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mona FaulterMONA FAULTER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Al MoroneyAL MORONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter DecourcyPETER DECOURCY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sam MaySAM MAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce WilsonBRUCE WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
A Bosica Thru Feb 2025A BOSICA THRU FEB 2025
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie A MarquisJULIE A MARQUIS
PRESIDENT & CEO
- Total calculated
- $626,377
- From this org
- $568,880
- From related orgs
- $0
- Other
- $57,497
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $354,772
- Bonus
- $56,731
- Other
- $157,377
- Deferred
- $27,266
- Nontaxable benefits
- $30,231
- Filer's total
- $626,377
-
Kenneth H StockfordKENNETH H STOCKFORD
SVP FINANCE & TECHNOLOGY/CFO
- Total calculated
- $319,068
- From this org
- $272,641
- From related orgs
- $0
- Other
- $46,427
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,022
- Bonus
- $33,554
- Other
- $57,065
- Deferred
- $16,993
- Nontaxable benefits
- $29,434
- Filer's total
- $319,068
-
Michael FoleyMICHAEL FOLEY
SVP SUPPORT SERVICES/CGO
- Total calculated
- $313,013
- From this org
- $267,009
- From related orgs
- $0
- Other
- $46,004
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,784
- Bonus
- $33,338
- Other
- $57,887
- Deferred
- $16,633
- Nontaxable benefits
- $29,371
- Filer's total
- $313,013
-
Jennifer AndersenJENNIFER ANDERSEN
SVP RETAIL SERVICES/COO
- Total calculated
- $281,246
- From this org
- $246,928
- From related orgs
- $0
- Other
- $34,318
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,922
- Bonus
- $33,086
- Other
- $51,920
- Deferred
- $15,910
- Nontaxable benefits
- $18,408
- Filer's total
- $281,246
-
Kim HutchinsKIM HUTCHINS
VP BRANCH OPERATIONS
- Total calculated
- $142,757
- From this org
- $121,544
- From related orgs
- $0
- Other
- $21,213
- Hours/week
- 40
-
Dan LeemanDAN LEEMAN
VP SERVICE CTR & DELIVERY CHANNELS
- Total calculated
- $138,644
- From this org
- $116,938
- From related orgs
- $0
- Other
- $21,706
- Hours/week
- 40
-
Scott BuddeSCOTT BUDDE
SVP STRATEGIC DEVELOPMENT/CSO
- Total calculated
- $127,932
- From this org
- $117,194
- From related orgs
- $0
- Other
- $10,738
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 4 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202642179349300919
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