MAINE STATE CREDIT UNION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
MAINE STATE CREDIT UNION (EIN 01-0196194)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-15
IRS object ID
201612289349302976
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-08-15T12:28:56-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN010242373PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MACPAGE LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line130 LONG CREEK DRIVEAddressLine1Txt
CitySOUTH PORTLANDCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04106ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010196194EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAINE STATE CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMAINBusinessNameControlTxt
Phone8005408707PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5659AddressLine1Txt
CityAUGUSTACityNm
State AbbreviationMEStateAbbreviationCd
ZIP043325659ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDUNCAN R MACKELLARPersonNm
Person TitleSENIOR VICE PRESIDENT/CFOPersonTitleTxt
Phone8005408707PhoneNum
Signature2016-07-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK AYERSPreparerPersonNm
PTINP00289581PTIN
Phone2077745701PhoneNum
Preparation2016-07-27PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990 IRS990

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5659AddressLine1Txt
CityAUGUSTACityNm
State AbbreviationMEStateAbbreviationCd
ZIP043325659ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$15,464,966GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.MAINESTATECU.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1935FormationYr
Legal Domicile StateMELegalDomicileStateCd
Activity Or MissionPROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICESActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee84TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$124,906TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$114,766NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$8,970,760PYProgramServiceRevenueAmt
CY Program Service Revenue$9,807,284CYProgramServiceRevenueAmt
PY Investment Income$3,158,822PYInvestmentIncomeAmt
CY Investment Income$2,826,247CYInvestmentIncomeAmt
PY Other Revenue$2,799,289PYOtherRevenueAmt
CY Other Revenue$2,831,435CYOtherRevenueAmt
PY Total Revenue$14,928,871PYTotalRevenueAmt
CY Total Revenue$15,464,966CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$2,180,251PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$1,943,854CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,612,832PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,994,428CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$5,559,303PYOtherExpensesAmt
CY Other Expenses$5,784,032CYOtherExpensesAmt
PY Total Expenses$12,352,386PYTotalExpensesAmt
CY Total Expenses$12,722,314CYTotalExpensesAmt
PY Revenues Less Expenses$2,576,485PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,742,652CYRevenuesLessExpensesAmt
Total Assets BOY$354,258,287TotalAssetsBOYAmt
Total Assets EOY$365,278,890TotalAssetsEOYAmt
Total Liabilities BOY$310,730,990TotalLiabilitiesBOYAmt
Total Liabilities EOY$321,786,714TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$43,527,297NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$43,492,176NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$12,722,315ExpenseAmt
DescTHE CREDIT UNION HAS 25,548 MEMBERS AS OF 12/31/2015. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.Desc
Total Program Service Expenses$12,722,315TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document15360IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee84EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DUNCAN MACKELLARBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8005408707PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5659AddressLine1Txt
CityAUGUSTACityNm
State AbbreviationMEStateAbbreviationCd
ZIP043325659ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
BETTY J NORTON
VICE CHAIRPERS0.00Yes (X)$0$0$0
MARY ZMIGRODSKI
DIRECTOR0.00Yes (X)$0$0$0
E JAMES SOUCIE
DIRECTOR0.00Yes (X)$0$0$0
SUGA JOSEPH
TREASURER0.00Yes (X)$0$0$0
LEONARD CABANA
CHAIR0.00Yes (X)$0$0$0
AMY BOUCHARD
DIRECTOR0.00Yes (X)$0$0$0
THOMAS H CUSICK
DIRECTOR0.00Yes (X)$0$0$0
DEBORAH L SPARROW
SVP/CLO40.00$137,372$0$12,143Yes (X)
DUNCAN MACKELLAR
CFO40.00$137,518$0$16,644Yes (X)
MARK YOUNG
SVP/COO40.00$138,165$0$14,553Yes (X)
NORMAND R DUBREUIL
CEO40.00$219,189$0$17,035Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$632,244TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$60,375TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SYNERGENT
2 LEDGEVIEW DRIVEWESTBROOKME04092DATA PROCESSING$1,178,752
JACK HENRY & ASSOCIATES INC
663 W HWY 60 PO BOX 809MONETTMO65708FINANCIAL SERVICES$234,833
CAYER SECURITY INC
208 COLLEGE AVENUEWATERVILLEME04901SECURITY SYSTEMS$110,868
DIEBOLD INC
POBOX 643543PITTSBURGHPA152643543FINANCIAL SERVICES$109,675
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescLOAN INCOME FROM MEMBERSDesc
Business522100BusinessCd
Total Revenue Column$9,807,284TotalRevenueColumnAmt
Related Or Exempt Func Income$9,807,284RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$9,807,284TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,826,247TotalRevenueColumnAmt
Exclusion$2,826,247ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
SERVICE CHARGES AND FEES522100$2,540,915$2,540,915
OTHER INCOME522100$129,472$129,472
LIFE HELP - AD&D522100$42,001$42,001

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$119,047TotalRevenueColumnAmt
Related Or Exempt Func Income$36,142RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$82,905UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,831,435OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,464,966TotalRevenueColumnAmt
Related Or Exempt Func Income$12,513,813RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$124,906UnrelatedBusinessRevenueAmt
Exclusion$2,826,247ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$1,943,854TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$692,620TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,970,029TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,331,779TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$987,695TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$742,168TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$167,866TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
DATA PROCESSING, ATM FE$1,071,692
PROVISION FOR LOAN LOSS$982,382
LOAN SERVICING & COLLEC$566,662
MISCELLANEOUS$475,960

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$789,607TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$12,722,314TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$26,090,786BOYAmt
EOY$33,119,463EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$172,082,767BOYAmt
EOY$196,658,739EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$11,956,104LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,849,767LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,069,002BOYAmt
EOY$7,106,337EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$125,565,879BOYAmt
EOY$106,246,070EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$110,000BOYAmt
EOY$110,000EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$23,339,853BOYAmt
EOY$22,038,281EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$354,258,287BOYAmt
EOY$365,278,890EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,637,572BOYAmt
EOY$4,020,908EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$307,093,418BOYAmt
EOY$317,765,806EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$310,730,990BOYAmt
EOY$321,786,714EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$43,527,297BOYAmt
EOY$43,492,176EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$43,527,297BOYAmt
EOY$43,492,176EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$354,258,287BOYAmt
EOY$365,278,890EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$2,742,652ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$2,777,773OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,398,277OtherCostOrOtherBasisAmt
Book Value$1,398,277BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,526,811OtherCostOrOtherBasisAmt
Depreciation$2,531,711DepreciationAmt
Book Value$4,995,100BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,031,016OtherCostOrOtherBasisAmt
Depreciation$2,318,056DepreciationAmt
Book Value$712,960BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,106,337TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (5 entries)

DescDescBook ValueBookValueAmt
OTHER ASSETS$7,328,935
ACCRUED INTEREST RECEIVABLE$924,235
NATIONAL CU SHARE INS. FUND DEPOSIT$3,017,264
TRICORP MEMBER SHARE SAVINGS$400,000
PRE-FUNDED BENEFIT PLAN$10,367,847
FieldValueIRS element (for citing)
Total Book Value Other Assets$22,038,281TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER'S SHARE AND SAVINGS ACCOUNTDesc
Amt$317,765,806Amt
FieldValueIRS element (for citing)
Total Liability$317,765,806TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$15,464,966TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$15,464,966RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$15,464,966TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$12,722,314TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$12,722,314ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$12,722,314TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonNORMAND R DUBREUILPersonNm
TitleCEOTitleTxt
Base Compensation Filing Org$219,189BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$17,035DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$236,224TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VARIOUS CU OFFICIALSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$1,011,522OriginalPrincipalAmt
Balance Due$781,600BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$781,600TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6INDIVIDUALS 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 7AMEMBERS HAVE A VOTE DURING THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 7BTHE BOARD OF DIRECTORS IS FORMED BY VOLUNTEERS THAT ARE ELECTED DIRECTLY FROM CREDIT UNION MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11990 REVIEWED BY THE PRESIDENT AND CFO PRIOR TO FILING
FORM 990, PART VI, SECTION B, LINE 12CMEMBERS 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 JUNE 2015 MEETING AND SIGNED THE DOCUMENT REAFFIRMING THEIR COMMITMENT TO THE POLICY/PRACTICE.
FORM 990, PART VI, SECTION B, LINE 15CREDIT UNION UTILIZES AN OUTSIDE, INDEPENDENT SERVICE, CALLED CU COMPENSATION PERFORMANCE APPRAISAL TO DETERMINE COMPENSATION ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19THE 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 -2,777,773.

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