2026-08-05T12:10:32-05:00 2025-12-31 393647910 WIPFLI ADVISORY LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2025-01-01 010261795 ANCORUM CREDIT UNION ANCO 2074433528 765 WASHINGTON STREET BATH ME 04530 JULIE A MARQUIS PRESIDENT & CEO 2074433528 2026-08-04 1 JULIA HOWLAND CPA P01711658 2077745701 2026-08-04 2025 2025-03-06 01:10:19Z JULIE A MARQUIS 765 WASHINGTON STREET BATH ME 04530 29565856 0 X WWW.ANCORUMCU.COM X 1956 ME TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELLBEING. 7 7 164 11 507896 0 0 0 20056667 21329946 2556966 2800650 3601525 5435260 26215158 29565856 0 0 3084151 3676053 12582000 13474512 0 0 0 8327077 11646061 23993228 28796626 2221930 769230 384217441 394913946 348487099 358079476 35730342 36834470 TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELLBEING. 0 0 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. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 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 6320 0 1 164 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KENNETH H STOCKFORD 2074433528 765 WASHINGTON STREET BATH ME 04530 ROBERT BREWER SECRETARY/TREASURER 1.00 X X 0 0 0 MERLIN SUGGS CHAIRMAN 1.00 X X 0 0 0 MONA FAULTER VICE CHAIRMAN 1.00 X X 0 0 0 AL MORONEY DIRECTOR 1.00 X 0 0 0 PETER DECOURCY DIRECTOR 1.00 X 0 0 0 SAM MAY DIRECTOR 1.00 X 0 0 0 BRUCE WILSON DIRECTOR 1.00 X 0 0 0 A BOSICA THRU FEB 2025 DIRECTOR 1.00 X 0 0 0 JULIE A MARQUIS PRESIDENT & CEO 40.00 X 568880 0 57497 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/CFO 40.00 X 272641 0 46427 MICHAEL FOLEY SVP SUPPORT SERVICES/CGO 40.00 X 267009 0 46004 JENNIFER ANDERSEN SVP RETAIL SERVICES/COO 40.00 X 246928 0 34318 KIM HUTCHINS VP BRANCH OPERATIONS 40.00 X 121544 0 21213 DAN LEEMAN VP SERVICE CTR & DELIVERY CHANNELS 40.00 X 116938 0 21706 SCOTT BUDDE SVP STRATEGIC DEVELOPMENT/CSO 40.00 X 117194 0 10738 1711134 0 237903 10 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 SERVICE BUREAU 1010430 WORKGROUP TECHNOLOGY PARTNERS PO BOX 110 WESTBROOK ME 04098 NETWORK SUPPORT 569354 ALKAMI TECHNOLOGY PO BOX 122223 DALLAS TX 75312 ELECTRONIC BANKING 569159 PORTLAND SAFE PO BOX 11021 LEWISTON ME 04243 COMMUNICATIONS 389427 NEOCRAFT SIGNS INC 647 PLEASANT ST LEWISTON ME 04240 SIGNAGE 194246 9 INTEREST INCOME 522100 17174992 17174992 MEMBER SERVICE FEES 522100 4154954 4154954 21329946 2799914 2799914 736 0 736 736 736 MISCELLANEOUS FEE INCOME 522100 4891136 4891136 ATM FEES 525990 280746 36228 244518 INSURANCE INCOME 524113 263378 263378 5435260 29565856 26257310 507896 2800650 3676053 945445 9540301 903098 1290342 795326 187482 203995 698331 391882 1803626 1611814 237294 48 668356 154716 DEBIT CARD EXPENSE 1546085 PROVISION FOR LOAN LOSS 966189 CREDIT CARD EXPENSE 906426 MAINTENANCE CONTRACTS 408268 1861549 28796626 5282035 5816614 55223374 48695854 956327 956327 288464898 284643337 1171607 1201637 21357229 11384211 10050769 9973018 4865937 23780899 6797851 7114173 11404643 12732087 384217441 394913946 5431687 5534147 131300 59005 342924112 352486324 348487099 358079476 X 0 0 0 0 35730342 36834470 35730342 36834470 384217441 394913946 X 769230 334898 X 0 1 X 1 0 17601 PART I-A, LINE 1: $7,416.08 OF THE DUES PAID BY ANCORUM CREDIT UNION IN 2025 WERE USED TOWARDS LEGISLATIVE ACTION. $10,185 IN EXPENSES FOR PARTICIPATION IN GAC. 0 1 X 1989763 1989763 11778116 4760817 7017299 351455 300196 51259 7237895 6323198 914697 9973018 MEMBERS' SHARES & SAVINGS ACCOUNTS 351103986 LEASE OBLIGATIONS - OPERATING 1382338 352486324 X 29565856 0 29565856 0 29565856 28796626 0 28796626 0 28796626 PART IV, LINE 2B: HELD BACK COMMERCIAL LOANS. WHEN FUNDS ARE REQUESTED BLS VISITS THE PROPERTY AND APPROVES OR DECLINES THE FUNDS. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. X X X X 0 0 0 JULIE A MARQUIS PRESIDENT & CEO 354772 0 56731 0 157377 0 27266 0 30231 0 626377 0 0 0 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/CFO 182022 0 33554 0 57065 0 16993 0 29434 0 319068 0 0 0 MICHAEL FOLEY SVP SUPPORT SERVICES/CGO 175784 0 33338 0 57887 0 16633 0 29371 0 313013 0 0 0 JENNIFER ANDERSEN SVP RETAIL SERVICES/COO 161922 0 33086 0 51920 0 15910 0 18408 0 281246 0 0 0 JULIE MARQUIS PRESIDENT & CEO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 478679 478679 0 1 1 KEN STOCKFORD SVP FINANCE & TECHNOLOGY/CFO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 477648 477648 0 1 1 956327 FORM 990, PART VI, SECTION A, LINE 6 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. FORM 990, PART VI, SECTION A, LINE 7A ANCORUM CREDIT UNION MEMBERS OWN THE CREDIT UNION. MEMBERS ARE ENTITLED TO ELECT, AND BE ELECTED TO THE VOLUNTEER BOARD OF DIRECTORS, WHICH IS COMPOSED OF FELLOW MEMBERS AND SETS POLICIES FOR THE OPERATION OF THE CREDIT UNION BASED ON THE NEEDS AND WISHES OF MEMBERS. THE BOARD OF DIRECTORS SETS DIVIDEND RATES, LOAN INTEREST RATES, AND FEES AMONG OTHER THINGS, AND ALSO DETERMINES CREDIT UNION POLICY. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF FORM 990, THE GOVERNING BODY REVIEWS THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY BY BOARD OF DIRECTORS. THE BOARD OF DIRECTORS AND MANAGEMENT WATCH FOR INSTANCES OF ANY CONFLICT OF INTEREST AT ALL TIMES. FORM 990, PART VI, SECTION B, LINE 15 ANCORUM CREDIT UNION USES COMPEASE SALARY ADMINISTRATION PROGRAM TO DETERMINE COMPENSATION OF THE CREDIT UNION'S OFFICERS AND KEY EMPLOYEES. ADDITIONALLY, YEARLY COMPENSATION REVIEWS ARE PERFORMED FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ANCORUM CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE DISPLAYED IN LOBBIES. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE GAIN 334,898.