2024-11-15T05:48:48-06:00 2023-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2023-01-01 010079380 CPORT CREDIT UNION CPOR 2078786200 PO BOX 777 PORTLAND ME 04104 KELSEY MARQUIS CFO 2078786200 2024-11-14 1 0 JULIA HOWLAND CPA P01711658 2077745701 2024-11-14 2023 2024-10-15 13:58:12Z KELSEY MARQUIS PO BOX 777 PORTLAND ME 04104 30716791 0 X WWW.CPORTCU.ORG X 1931 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 9 8 139 8 473204 0 0 0 23979552 26540724 1900875 2945173 695603 322610 26576030 29808507 0 0 1649034 4248824 7712599 9267139 0 0 0 9186739 12814049 18548372 26330012 8027658 3478495 419648693 411412745 383135783 372737476 36512910 38675269 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 THE CREDIT UNION HAS 32,464 MEMBERS AS OF 12/31/2023. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 11717 0 139 1 1 1 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 0 1 0 0 0 0 1 0 1 0 1 1 1 0 X KELSEY MARQUIS 2078786200 PO BOX 777 PORTLAND ME 04104 EUGENE ARDITO PRESIDENT/CEO/DIRECTOR 40.00 X X 475618 0 36583 JAMES CLOUTIER TREASURER 1.00 X X 0 0 0 TRAVERSE FOURNIER VICE CHAIRMAN 1.00 X X 0 0 0 QUINCY HENTZEL SECRETARY 1.00 X X 0 0 0 SCOTT PAQUET CHAIRMAN 1.00 X X 0 0 0 KEITH CANNING DIRECTOR 1.00 X 0 0 0 DIDIER HAKIZIMANA DIRECTOR 1.00 X 0 0 0 LINDA MCLEAN DIRECTOR 1.00 X 0 0 0 BARBARA WOOD DIRECTOR 1.00 X 0 0 0 KELSEY MARQUIS COO & CFO 40.00 X 202598 0 15425 JENNIFER BOUCHARD VP OF BRANCH OPERATIONS 40.00 X 158879 0 31527 CHRISTIAN VANDYCK SVP/GENERAL COUNSEL 40.00 X 184607 0 8131 ALICIA WALSH VP OF HUMAN RESOURCES 40.00 X 124422 0 17260 BILL WHITMORE SVP OF BUSINESS SERVICES & IT 40.00 X 165920 0 22857 BRITTANY WIRTH AVP OF FINANCE 40.00 X 118907 0 17887 1430951 0 149670 9 0 1 0 SYNERGENT 2 LEDGEVIEW DR WESTBROOK ME 04092 CORE PROCESSING AND RELATED SERVICES 1610034 ALKAMI TECHNOLOGY DEPT 2223 PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING PROVIDER 515293 SYSTEMS ENGINEERING 120 EXCHANGE ST PORTLAND ME 04101 INFORMATION TECH. SERVICES 425066 PORTLAND SAFE PO BOX 1540 GRAY ME 04039 ATM SERVICES/EQUIPMENT MAINTENANCE 333479 CUSAG LLC PO BOX 892 ALSTEAD NH 03602 COLLECTIONS 267334 13 LOAN INCOME FROM MEMBERS 522291 15943736 15943736 FEE INCOME 522291 10596988 10138648 458340 26540724 2945962 2945962 14238 0 14238 14238 14238 907495 908284 -789 -789 -789 OTHER INCOME 522291 308372 293508 14864 308372 29808507 26375892 473204 2959411 4248824 730224 7176497 249077 519793 591548 29500 1821906 429780 1170770 632756 155241 940154 165510 SHARE EXPENSES 3293669 PROVISION FOR LOAN LOSS 3200608 LOAN SERVICING 504322 OTHER EXPENSES 289469 180364 26330012 4369730 4136254 82528999 72293278 3122760 3122760 298484576 300914948 20006382 8029406 12398470 11976976 10943945 10289265 7800213 8679264 419648693 411412745 6945928 7449680 376189855 365287796 383135783 372737476 X 0 0 0 0 36512910 38675269 36512910 38675269 419648693 411412745 X 3478495 262395 -1578531 X 0 1 X 1 0 2657640 2657640 11606485 3840394 7766091 5742257 4189012 1553245 11976976 MEMBER DEPOSITS 365287796 365287796 22359075 0 22359075 7449432 7449432 29808507 18880580 0 18880580 7449432 7449432 26330012 PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE FROM MEMBER'S SHARES AND SAVINGS ACCOUNTS 4,248,824. PROVISION FOR LOAN LOSSES 3,200,608. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE FROM MEMBER'S SHARES AND SAVINGS ACCOUNTS 4,248,824. PROVISION FOR LOAN LOSSES 3,200,608. X X 0 1 0 EUGENE ARDITO PRESIDENT/CEO/DIRECTOR 400618 0 75000 0 0 0 30000 0 6583 0 512201 0 0 0 KELSEY MARQUIS COO & CFO 172598 0 30000 0 0 0 9375 0 6050 0 218023 0 0 0 CHRISTIAN VANDYCK SVP/GENERAL COUNSEL 159607 0 25000 0 0 0 7924 0 207 0 192738 0 0 0 JENNIFER BOUCHARD VP OF BRANCH OPERATIONS 138879 0 20000 0 0 0 22085 0 9442 0 190406 0 0 0 BILL WHITMORE SVP OF BUSINESS SERVICES & IT 140920 0 25000 0 0 0 10487 0 12370 0 188777 0 0 0 PART I, LINE 4B EUGENE ARDITO PARTICIPATES IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. EUGENE ARDITO OFFICER SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 3122760 3122760 0 1 1 3122760 FORM 990, PART VI, SECTION A, LINE 6 CPORT CREDIT UNION HAD 32,464 MEMBERS AS OF 12/31/2023. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - A NOMINATING COMMITTEE WORKS ON ESTABLISHING BOARD MEMBERS, AND THE ENTIRE BOARD APPROVES NEW BOARD MEMBERS. NOMINATIONS ARE ONLY PRESENTED TO CREDIT UNION MEMBERS FOR A VOTE IN THE EVENT THAT THERE IS MORE THAN ONE CANDIDATE. FORM 990, PART VI, SECTION A, LINE 8B CPORT CREDIT UNION DOES NOT HAVE A COMMITTEE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY, THEREFORE THIS QUESTION IS NOT APPLICABLE. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO (ALSO DIRECTOR) WILL REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C SENIOR MANAGEMENT REVIEWS DIRECTOR AND KEY EMPLOYEE ACTIVITY FOR POTENTIAL CONFLICTS OF INTEREST TWICE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES COMPENSATION FOR THE CEO, AND THE CEO DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES. THE CREDIT UNION SUBSCRIBES TO A THIRD-PARTY COMPENSATION SYSTEM WHICH IT USES FOR COMPARABILITY DATA. SALARY DECISIONS ARE DOCUMENTED IN THE EMPLOYEE FILES. FORM 990, PART VI, SECTION C, LINE 19 SOME GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE WRITTEN CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE. BALANCE SHEETS ARE POSTED MONTHLY AT EACH BRANCH, ANNUAL REPORT IS AVAILABLE AT EACH BRANCH, AND THE CALL REPORT IS AVAILABLE ON THE NCUA WEBSITE. FORM 990, PART XI, LINE 9: ONE TIME CECL ADOPTION -1,578,531.