2017-11-13T13:20:28-06:00 2016-12-31 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2016-01-01 010196194 MAINE STATE CREDIT UNION MAIN 8005408707 PO BOX 5659 AUGUSTA ME 043325659 DUNCAN R MACKELLAR SVP OF FINANCE/CFO 8005408707 2017-11-07 1 MARK AYERS P00289581 2077745701 2017-11-07 X 66.186.191.122 2017-11-07 12:54:11 ES P E35234D4C4FE896A059F17F91C877CCCDF43E6F1 210BD80361C474E9EDF0767AEA879AC992B96D4F 2016 2021-01-29 14:40:06Z TUCKER COLE PO BOX 5659 AUGUSTA ME 043325659 16740223 0 X WWW.MAINESTATECU.ORG X 1935 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 7 7 85 7 180654 -103124 0 0 9807284 11084175 2826247 2220445 2831435 3435603 15464966 16740223 0 0 1943854 1826341 4994428 5803277 0 0 0 5784032 6776952 12722314 14406570 2742652 2333653 365278890 383246140 321786714 338216403 43492176 45029737 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 14406570 14339124 THE CREDIT UNION HAS 26,944 MEMBERS AS OF 12/31/2016. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 14406570 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16846 0 1 85 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X DUNCAN MACKELLAR 8005408707 PO BOX 5659 AUGUSTA ME 043325659 THOMAS CUSICK SECRETARY 1.00 X X 0 0 0 ROLAND MAHEUX TREASURER 1.00 X X 0 0 0 LEONARD CABANA CHAIR 1.00 X X 0 0 0 GEORGE LAPOINTE DIRECTOR 1.00 X 0 0 0 E JAMES SOUCIE VICE CHAIR 1.00 X X 0 0 0 MICHAEL RODERIGUE DIRECTOR 1.00 X 0 0 0 GARY CROCKER DIRECTOR 1.00 X 0 0 0 DEBORAH L SPARROW SVP OF LENDING/CLO 40.00 X 145676 0 13658 DUNCAN MACKELLAR SVP OF FINANCE/CFO 40.00 X 149730 0 14836 MARK YOUNG SVP OF OPERATIONS/COO 40.00 X 147062 0 21748 NORMAND DUBREUIL PAST CEO 40.00 X 91641 0 19691 TUCKER COLE PRESIDENT/CEO 40.00 X 246810 0 26992 780919 0 96925 4 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 DATA PROCESSING 1223581 WORKGROUP TECHNOLOGY PARTNERS INC PO BOX 110 WESTBROOK ME 04098 IT SERVICES 275890 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 FINANCIAL SERVICES 245033 CONSOLIDATED SOLUTIONS LLC PO BOX 582 BAILEYVILLE ME 04694 FINANCIAL SERVICES 157951 4 LOAN INCOME FROM MEMBERS 522100 11084175 11084175 11084175 2220445 2220445 SERVICE CHARGES AND FEES 522100 2505001 2505001 OTHER INCOME 522100 749948 749948 LIFE HELP - AD&D 522100 85786 85786 94868 94868 3435603 16740223 14339124 180654 2220445 1826341 877843 3147903 1777531 218235 1103050 749697 190802 40603 PROVISION FOR LOAN LOSS 1392524 DATA PROCESSING, ATM FE 1133700 LOAN SERVICING & COLLEC 712561 MISCELLANEOUS 651628 584152 14406570 3069358 2663129 30050105 27872406 196658739 230809466 12807892 5385708 7106337 7422184 106246070 85895535 110000 110000 22038281 28473420 365278890 383246140 4020908 4245167 317765806 333971236 321786714 338216403 X 0 0 0 0 43492176 45029737 43492176 45029737 365278890 383246140 X 2333653 -796092 X 0 1 X 1 0 1398277 1398277 7851251 2757667 5093584 3558364 2628041 930323 7422184 OTHER ASSETS 12609667 ACCRUED INTEREST RECEIVABLE 1018261 NATIONAL CU SHARE INS. FUND DEPOSIT 3120188 TRICORP MEMBER SHARE SAVINGS 400000 PRE-FUNDED BENEFIT PLAN 11325304 28473420 MEMBER'S SHARE AND SAVINGS ACCOUNTS 333971236 333971236 13521358 0 13521358 3218865 3218865 16740223 11187705 0 11187705 3218865 3218865 14406570 PART XI, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN LOSSES 1,392,524. BENEFITS PAID TO MEMBERS 1,826,341. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN LOSSES 1,392,524. BENEFITS PAID TO MEMBERS 1,826,341. X 0 1 0 DEBORAH L SPARROW SVP OF LENDING/CLO 145676 0 0 0 0 0 4403 0 9255 0 159334 0 0 0 DUNCAN MACKELLAR SVP OF FINANCE/CFO 149730 0 0 0 0 0 4464 0 10372 0 164566 0 0 0 MARK YOUNG SVP OF OPERATIONS/COO 147062 0 0 0 0 0 4634 0 17114 0 168810 0 0 0 TUCKER COLE PRESIDENT/CEO 246810 0 0 0 0 0 1454 0 25538 0 273802 0 0 0 PART I, LINE 4B NORMAND DUBREUIL PARTICIPATED IN A SPLIT-DOLLAR LIFE INSURANCE PLAN. NO PAYMENTS WERE MADE DURING 2016. THE CREDIT UNION MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR NORMAND. THE PLAN IS FUNDED USING A SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT THAT REQUIRES THE CREDIT UNION TO PAY ANNUAL LIFE INSURANCE PREMIUMS FOR THE PERIODS OF NORMAND'S EMPLOYMENT UP TO TEN YEARS. FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS THAT LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN KENNEBEC OR SOMERSET COUNTY ARE ELIGIBLE FOR MEMBERSHIP IN THE CREDIT UNION. MEMBERS RECEIVE DIVIDENDS BASED ON SHARE ACCOUNTS BUT DO NOT RECEIVE DISTRIBUTIONS OF PROFIT. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE A VOTE DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS IS FORMED BY VOLUNTEERS THAT ARE ELECTED DIRECTLY FROM CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B 990 REVIEWED BY THE CEO/PRESIDENT AND THE CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS SIGN A DOCUMENT REAFFIRMING ANNUALLY THAT THEY ARE ABIDING BY THE POLICY AND REPORTING ANY CONFLICTS OR POTENTIAL CONFLICTS AND ABSTAINING FROM ANY DECISIONS WHERE THERE IS A CONFLICT. THE BOARD REVIEWED THE CODE OF ETHICS POLICY AT THE SEPTEMBER 2016 MEETING AND SIGNED THE DOCUMENT REAFFIRMING THEIR COMMITMENT TO THE POLICY/PRACTICE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AUTHORIZES THE SALARY AND ANY INCREASES FOR THE CEO. THE CEO IS RESPONSIBLE FOR THE EVALUATIONS, SALARIES, AND SALARY INCREASES OF THE SENIOR MANAGEMENT TEAM. THE CREDIT UNION UTILIZES A COMPENSATION PROGRAM THAT INCORPORATES EXTERNAL MARKET INFORMATION REGARDING SALARIES IN DETERMINING THEIR SALARY RANGES. THE DIRECTOR OF HUMAN RESOURCES MANAGES THE ADMINISTRATION OF THE COMPENSATION STRUCTURE (IN COLLABORATION WITH THE CEO). FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT IS POSTED ON THE WEBSITE AND THE INCOME STATEMENT AND BALANCE SHEET IS POSTED IN THE LOBBY. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -796,092.