Civic Intelligence

Maine Education Credit Union

990 • Fiscal year 2013 • EIN 01-0409063

Dec 01, 2012 to Nov 30, 2013 • Filed on Oct 06, 2014

Organization ProfileWWW.CONNECTEDCREDITUNION.ORG

View Organization Page

PO Box 1096Augusta, ME 04332-1096
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.89x

Higher debt load relative to assets than 55% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

51st percentile

19.69x

Higher debt load relative to revenue than 51% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

78th percentile

5.2%

Faster asset growth than 78% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$32,748,073

Up $1,605,778 (+5.2%) from 2012

Net Assets

Up

$3,688,940

Up $147,977 (+4.2%) from 2012

Liabilities

Up

$29,059,133

Up $1,457,801 (+5.3%) from 2012

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin65th percentile

Revenue

$1,475,494

No earlier filing loaded for comparison.

Expenses

Down

$1,327,515

Down $32,514 (-2.4%) from 2012

Net Income

$147,979

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $27,819,776Liabilities 2010: $24,632,478Net Assets 2010: $3,187,2982010Assets 2011: $29,088,640Liabilities 2011: $25,707,090Net Assets 2011: $3,381,5502011Assets 2012: $31,142,295Liabilities 2012: $27,601,332Net Assets 2012: $3,540,9632012Assets 2013: $32,748,073Liabilities 2013: $29,059,133Net Assets 2013: $3,688,9402013Assets 2014: $32,599,875Liabilities 2014: $28,763,443Net Assets 2014: $3,836,4322014Assets 2015: $34,835,579Liabilities 2015: $30,807,346Net Assets 2015: $4,028,2332015Assets 2016: $36,912,914Liabilities 2016: $32,723,624Net Assets 2016: $4,189,2902016Assets 2017: $38,766,825Liabilities 2017: $34,453,309Net Assets 2017: $4,313,5162017Assets 2019: $45,768,152Liabilities 2019: $41,097,111Net Assets 2019: $4,671,0412019Assets 2020: $107,608,255Liabilities 2020: $98,118,893Net Assets 2020: $9,489,3622020Assets 2021: $117,326,918Liabilities 2021: $107,319,209Net Assets 2021: $10,007,7092021Assets 2022: $119,172,274Liabilities 2022: $107,631,898Net Assets 2022: $11,540,3762022Assets 2023: $118,978,136Liabilities 2023: $106,360,694Net Assets 2023: $12,617,4422023Assets 2024: $122,170,888Liabilities 2024: $108,183,334Net Assets 2024: $13,987,5542024

Highlighted filing

2013

Assets$32,748,073
Liabilities$29,059,133
Net Assets$3,688,940
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $1,238,8842010Expenses 2011: $1,231,0042011Expenses 2012: $1,360,0292012Revenue 2013: $1,475,494Expenses 2013: $1,327,515Net Income 2013: $147,9792013Revenue 2014: $1,493,548Expenses 2014: $1,346,056Net Income 2014: $147,4922014Revenue 2015: $1,545,786Expenses 2015: $1,353,985Net Income 2015: $191,8012015Revenue 2016: $1,709,231Expenses 2016: $1,548,174Net Income 2016: $161,0572016Revenue 2017: $1,785,269Expenses 2017: $1,661,043Net Income 2017: $124,2262017Revenue 2019: $2,232,862Expenses 2019: $2,085,182Net Income 2019: $147,6802019Revenue 2020: $4,444,754Expenses 2020: $4,072,567Net Income 2020: $372,1872020Revenue 2021: $4,204,560Expenses 2021: $3,686,213Net Income 2021: $518,3472021Revenue 2022: $4,668,287Expenses 2022: $3,785,914Net Income 2022: $882,3732022Revenue 2023: $5,874,203Expenses 2023: $4,797,137Net Income 2023: $1,077,0662023Revenue 2024: $6,675,882Expenses 2024: $5,305,769Net Income 2024: $1,370,1132024

Highlighted filing

2013

Revenue$1,475,494
Expenses$1,327,515
Net Income$147,979
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2012 to Nov 30, 2013
Signed
Oct 6, 2014
Return Version
2012v2.1
Gross Receipts
$1,475,494
Mission and Program Overview

Mission

Provide members with savings and loan services

Filing and Contact Details

Filer

EIN
01-0409063
Raw XML Appendix394 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/GeneralExplanation/Explanation0THE CREDIT UNION HAD 4,034 MEMBERS AS OF 11/30/2013.
IRS990ScheduleO/GeneralExplanation/Explanation1ORGANIZATION HAD MEMBERS AUTHORIZED TO APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/GeneralExplanation/Explanation2SOME GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS, SUCH AS ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation3NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/GeneralExplanation/Explanation4IT IS PART OF THE SWEARING IN OF OFFICERS. ANNUALLY, EACH OFFICER RECEIVES A COPY OF THE POLICY AND SIGNS OFF THAT IT IS ADHERED TO.
IRS990ScheduleO/GeneralExplanation/Explanation5A COMMITTEE OF THE BOARD PERFORMS A SALARY REVIEW OF THE CEO. THEY SOLICIT FEEDBACK AND USE INDUSTRY SALARY RANGE FIGURES. THE CEO REVIEWS TOP MANAGEMENT USING A SALARY ADMINISTRATIVE PROGRAM. THE BOARD APPROVES THE INCREASE WITHIN THE BUDGET.
IRS990ScheduleO/GeneralExplanation/Explanation6GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICY IS AVAILABLE FROM THE CEO. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE PROVIDED TO ATTENDEES AT THE ANNUAL MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation7SHARE INSURANCE: PROGRAM SERVICE EXPENSES 22,344. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,344. OFFICE OPERATIONS EXPENSE: PROGRAM SERVICE EXPENSES 18,433. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,433. TELEPHONE: PROGRAM SERVICE EXPENSES 15,452. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,452. SURETY BOND: PROGRAM SERVICE EXPENSES 15,278. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,278. EXAM & SUPERVISORY FEES: PROGRAM SERVICE EXPENSES 13,487. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,487. MISC. OPERATING EXPENSES: PROGRAM SERVICE EXPENSES 12,297. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,297. PROVISION FOR LOAN LOSSES: PROGRAM SERVICE EXPENSES 11,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,950. SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 11,135. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,135. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 10,155. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,155. ASSOCIATION DUES: PROGRAM SERVICE EXPENSES 8,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,113. BOARD EXPENSES: PROGRAM SERVICE EXPENSES 7,515. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,515. EDUCATION/SEMINARS: PROGRAM SERVICE EXPENSES 4,643. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,643. BUSINESS CONTINUITY: PROGRAM SERVICE EXPENSES 180. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 180. CASH OVER/SHORT: PROGRAM SERVICE EXPENSES -40. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -40.
IRS990ScheduleO/GeneralExplanation/Identifier0ALL OTHER FUNCTIONAL EXPENSES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
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IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART IX, LINE 24E
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IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear01327515
IRS990/TotalExpensesPriorYear01360029
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices01327515
IRS990/TotalFunctionalExpenses/Total01327515
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI06930
IRS990/TotalLiabilities/BOY027601332
IRS990/TotalLiabilitiesBOY027601332
IRS990/TotalLiabilities/EOY029059133
IRS990/TotalLiabilitiesEOY029059133
IRS990/TotalLiabNetAssetsFundBalances/BOY031142295
IRS990/TotalLiabNetAssetsFundBalances/EOY032748073
IRS990/TotalNbrEmployees012
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY03540963
IRS990/TotalNetAssetsFundBalances/EOY03688940
IRS990/TotalOtherCompensation06811
IRS990/TotalOtherRevenue0469644
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense01327515
IRS990/TotalProgramServiceRevenue0941856
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0103409
IRS990/TotalRevenueCurrentYear01475494
IRS990/TotalRevenue/ExclusionAmount059134
IRS990/TotalRevenuePriorYear01516190
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome01409430
IRS990/TotalRevenue/TotalRevenueColumn01475494
IRS990/TotalRevenue/UnrelatedBusinessRevenue06930
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0WWW.MAINE-EDCU.ORG
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01967
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/Filer/EIN0010409063
ReturnHeader/Filer/Name/BusinessNameLine10MAINE EDUCATION CREDIT UNION
ReturnHeader/Filer/NameControl0MAIN
ReturnHeader/Filer/Phone02076233857
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 1096
ReturnHeader/Filer/USAddress/City0AUGUSTA
ReturnHeader/Filer/USAddress/State0ME
ReturnHeader/Filer/USAddress/ZIPCode0043321096
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02014-10-06
ReturnHeader/Officer/Name0RICHARD LACHANCE
ReturnHeader/Officer/Phone02076233857
ReturnHeader/Officer/Title0CEO
ReturnHeader/PreparerFirm/EIN0010242373
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10MACPAGE LLC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1030 LONG CREEK DRIVE
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0SOUTH PORTLAND
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0ME
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode004106
ReturnHeader/Preparer/Name0BRAD WELLER
ReturnHeader/Preparer/Phone02077745701
ReturnHeader/Preparer/SelfEmployed0X
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-12-01
ReturnHeader/TaxPeriodEndDate02013-11-30
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02014-10-07T10:13:33-05:00

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$32,748,073
Liabilities
$29,059,133
Net assets
$3,688,940
Revenue
$1,475,494
Expenses
$1,327,515
Net income
$147,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$122$108$14.0$6.68$5.31$1.37
2023Detailed filing. Detailed filing data is available for this year.$119$106$12.6$5.87$4.80$1.08
2022Detailed filing. Detailed filing data is available for this year.$119$108$11.5$4.67$3.79$0.88
2021Detailed filing. Detailed filing data is available for this year.$117$107$10.0$4.20$3.69$0.52
2020Detailed filing. Detailed filing data is available for this year.$108$98.1$9.49$4.44$4.07$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.8$41.1$4.67$2.23$2.09$0.15
2017Detailed filing. Detailed filing data is available for this year.$38.8$34.5$4.31$1.79$1.66$0.12
2016Detailed filing. Detailed filing data is available for this year.$36.9$32.7$4.19$1.71$1.55$0.16
2015Detailed filing. Detailed filing data is available for this year.$34.8$30.8$4.03$1.55$1.35$0.19
2014Detailed filing. Detailed filing data is available for this year.$32.6$28.8$3.84$1.49$1.35$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.7$29.1$3.69$1.48$1.33$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$27.6$3.54$1.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$25.7$3.38$1.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$24.6$3.19$1.24