Totals
- Total revenue
- $21,065,584
- Total expenses
- $17,883,590
- Contributions and grants received
- $0
- Grants paid
- $32,750
- Program service revenue
- $19,781,608
- Investment income
- $1,283,976
- Other revenue
- $0
- Total assets, end of year
- $459,586,136
- Total liabilities, end of year
- $423,242,537
- Net assets or fund balances, end of year
- $36,343,599
- 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: LOAN/FEE INCOME FROM MEMBERS
total $15,917,918 · related or exempt $15,904,455 · unrelated business $13,463
-
2b · Program service revenue: CHECK CARD
total $2,140,128 · related or exempt $2,140,128
-
2c · Program service revenue: OVERDRAFT FEES
total $1,271,284 · related or exempt $1,271,284
-
2d · Program service revenue: OTHER INCOME
total $268,073 · related or exempt $224,027 · unrelated business $44,046
-
2e · Program service revenue: ATM FEES
total $184,205 · related or exempt $106,961 · unrelated business $77,244
-
3 · Investment income
total $1,173,974 · excluded $1,173,974
-
7a · Gross sales of assets other than inventory
securities $215,269 · other assets $5,884,512
-
7b · Less cost or other basis and sales expenses
securities $184,613 · other assets $5,805,166
-
7c · Gain or loss
securities $30,656 · other assets $79,346
-
7d · Net gain or loss
total $110,002 · related or exempt $110,002
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $32,750
-
4 · Benefits paid to or for members
total $815,735
-
5 · Compensation of officers, directors and key employees
total $1,249,152
-
7 · Other salaries and wages
total $5,477,905
-
8 · Pension plan contributions
total $496,816
-
9 · Other employee benefits
total $1,000,556
-
10 · Payroll taxes
total $502,427
-
11b · Fees: legal
total $70,504
-
11c · Fees: accounting
total $32,958
-
11g · Fees: other
total $399,967
-
12 · Advertising and promotion
total $634,890
-
16 · Occupancy
total $656,632
-
17 · Travel
total $105,780
-
20 · Interest
total $433,857
-
22 · Depreciation, depletion and amortization
total $777,100
-
23 · Insurance
total $15,066
-
24a · Other expenses: OPERATIONS EXPENSE
total $4,431,229
-
24b · Other expenses: LOAN SERVICE EXPENSE
total $412,983
-
24c · Other expenses: TRAINING AND OTHER G&A
total $185,342
-
24d · Other expenses: PROVISION FOR LOAN LOSS
total $151,941
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,127,884 · end of year $17,100,372
-
5 · Loans and receivables from officers and key people
beginning of year $1,165,005 · end of year $3,011,879
-
7 · Other notes and loans receivable
beginning of year $351,335,862 · end of year $380,906,575
-
10a · Land, buildings and equipment: cost or other basis
$15,678,192
-
10b · Land, buildings and equipment: accumulated depreciation
$8,712,622
-
10c · Land, buildings and equipment, net
beginning of year $6,685,424 · end of year $6,965,570
-
12 · Investments: other securities
beginning of year $43,896,105 · end of year $41,995,237
-
15 · Other assets
beginning of year $9,398,115 · end of year $9,606,503
-
17 · Accounts payable and accrued expenses
beginning of year $2,498,373 · end of year $2,652,444
-
21 · Escrow or custodial account liability
beginning of year $1,953,932 · end of year $1,986,508
-
23 · Secured mortgages and notes payable
beginning of year $6,500,000 · end of year $37,000,000
-
25 · Other liabilities
beginning of year $374,531,790 · end of year $381,603,585
-
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 $39,124,300 · end of year $36,343,599
Mission and programs · 2022
Mission
HERE FOR U - DEDICATED TO PROMOTE FINANCIAL WELL-BEING FOR YOU AND YOUR COMMUNITY.
-
THE CREDIT UNION HAS 28,401 MEMBERS AS OF 12/31/2022. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
As filed on the 2022 return.
Listed in Part VII
-
Pickering TonyaPICKERING TONYA
DIRECTOR
- Total calculated
- $675
- From this org
- $675
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Uhuad BetsyUHUAD BETSY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Henderson JonHENDERSON JON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harr LucyHARR LUCY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Whitehill EncyWHITEHILL ENCY
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Borgman RichardBORGMAN RICHARD
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Cheney CarolynCHENEY CAROLYN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ouellette Renee DOUELLETTE RENEE D
PRESIDENT & CEO
- Total calculated
- $406,128
- From this org
- $351,591
- From related orgs
- $0
- Other
- $54,537
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $325,800
- Bonus
- $12,397
- Other
- $13,394
- Deferred
- $27,084
- Nontaxable benefits
- $27,453
- Filer's total
- $406,128
-
White-Rideout DebWHITE-RIDEOUT DEB
EXEC VICE PRESIDENT
- Total calculated
- $257,808
- From this org
- $213,399
- From related orgs
- $0
- Other
- $44,409
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,855
- Bonus
- $8,717
- Other
- $1,827
- Deferred
- $16,956
- Nontaxable benefits
- $27,453
- Filer's total
- $257,808
-
Williams RobertWILLIAMS ROBERT
CHIEF FINANCIAL OFFICER
- Total calculated
- $219,485
- From this org
- $177,813
- From related orgs
- $0
- Other
- $41,672
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,170
- Bonus
- $6,309
- Other
- $334
- Deferred
- $14,219
- Nontaxable benefits
- $27,453
- Filer's total
- $219,485
-
Gleason AprilGLEASON APRIL
CHIEF LENDING OFFICER
- Total calculated
- $201,620
- From this org
- $161,521
- From related orgs
- $0
- Other
- $40,099
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,737
- Bonus
- $11,926
- Other
- $858
- Deferred
- $12,903
- Nontaxable benefits
- $27,196
- Filer's total
- $201,620
-
Byram EileenBYRAM EILEEN
CHIEF RISK OFFICER
- Total calculated
- $190,917
- From this org
- $151,219
- From related orgs
- $0
- Other
- $39,698
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,557
- Bonus
- $6,655
- Other
- $1,007
- Deferred
- $11,469
- Nontaxable benefits
- $28,229
- Filer's total
- $190,917
-
Beck StephanieBECK STEPHANIE
VP OF MARKETING
- Total calculated
- $151,174
- From this org
- $139,289
- From related orgs
- $0
- Other
- $11,885
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,253
- Bonus
- $6,790
- Other
- $246
- Deferred
- $10,821
- Nontaxable benefits
- $1,064
- Filer's total
- $151,174
-
Carlisle C JasonCARLISLE C JASON
MORTGAGE LOAN ORIGINATOR
- Total calculated
- $151,374
- From this org
- $136,387
- From related orgs
- $0
- Other
- $14,987
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $25,510
- Bonus
- $110,841
- Other
- $36
- Deferred
- $9,558
- Nontaxable benefits
- $5,429
- Filer's total
- $151,374
-
Freiwald PatriciaFREIWALD PATRICIA
FINANCIAL ADVISOR
- Total calculated
- $154,540
- From this org
- $134,953
- From related orgs
- $0
- Other
- $19,587
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $80,042
- Bonus
- $54,720
- Other
- $191
- Deferred
- $5,011
- Nontaxable benefits
- $14,576
- Filer's total
- $154,540
-
Rucker KyleRUCKER KYLE
MORTGAGE ORIGINATION MANAGER
- Total calculated
- $151,754
- From this org
- $125,263
- From related orgs
- $0
- Other
- $26,491
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $79,227
- Bonus
- $45,929
- Other
- $107
- Deferred
- $9,973
- Nontaxable benefits
- $16,518
- Filer's total
- $151,754
-
Young StaceyYOUNG STACEY
VP OF MEMBER SVCS-THRU NOV
- Total calculated
- $144,230
- From this org
- $119,184
- From related orgs
- $0
- Other
- $25,046
- 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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
-
UNIVERSITY OF MAINE FOUNDATION
$20,000
CHARITABLE SUPPORT
-
CHARITABLE SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342349349300624
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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