Civic Intelligence

Maine Education Credit Union

990 • Fiscal year 2014 • EIN 01-0409063

Dec 01, 2013 to Nov 30, 2014 • Filed on Jul 15, 2015

PO Box 1096Augusta, ME 04332-1096

(207) 623-3857

Siviq Scores

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

Liabilities / Assets

51st percentile

0.88x

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

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

46th percentile

19.26x

Higher debt load relative to revenue than 46% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

61st percentile

9.9%

Higher net margin than 61% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

75th percentile

$118,353

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

33rd percentile

-0.5%

Faster asset growth than 33% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

64th percentile

1.2%

Faster revenue growth than 64% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Assets

Down

$32,599,875

Down $148,198 (-0.5%) from 2013

Net Assets

Up

$3,836,432

Up $147,492 (+4.0%) from 2013

Liabilities

Down

$28,763,443

Down $295,690 (-1.0%) from 2013

Revenue

Up

$1,493,548

Up $18,054 (+1.2%) from 2013

Expenses

Up

$1,346,056

Up $18,541 (+1.4%) from 2013

Net Income

Down

$147,492

Down $487 (-0.3%) from 2013

Historical Trend

Balance Sheet Trend

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

2014

Assets$32,599,875
Liabilities$28,763,443
Net Assets$3,836,432

Operations Trend

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

2014

Revenue$1,493,548
Expenses$1,346,056
Net Income$147,492
Jump To
Filing Snapshot
Filing Period
Dec 1, 2013 to Nov 30, 2014
Signed
Jul 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,498,608
Mission and Program Overview

Mission

Provide members with savings and loan services

Provide members with savings and loan services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$19,047,671$20,326,543▲ $1,278,872
Investments Other Securities$8,779,000$7,986,000▼ $793,000
Rtn Earn Endowment Incm Other Fnds$3,688,940$3,836,432▲ $147,492
Savings and Temporary Cash Investments$2,541,106$1,929,733▼ $611,373
Land, Buildings, and Equipment, Net$622,856$571,846▼ $51,010
Cash and Non-Interest-Bearing Accounts$343,442$226,326▼ $117,116
Prepaid Expenses and Deferred Charges$45,987$65,661▲ $19,674
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$32,748,073$32,599,875▼ $148,198
Other Assets Total$1,368,011$1,493,766▲ $125,755
Liabilities
Accounts Payable and Accrued Expenses$29,059,133$28,763,443▼ $295,690
Total Liabilities$29,059,133$28,763,443▼ $295,690
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,688,940$3,836,432▲ $147,492
Total Liabilities and Net Assets / Fund Balance$32,748,073$32,599,875▼ $148,198

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$417,275$348,587$765,862
Equipment$38,047$201,661$239,708
Land$116,524-$116,524
Other Securities$7,986,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard LachanceCEOFT$111,654$6,699$118,353

Board Members and Trustees

NameTitle
Norman DavisChairman
Michael ClementsVice Chairman
Thomas RikerVice Chairman
Ann AnctilDirector
Isaac DyerDirector
Karen HarringtonDirector
Stephanie TurgeonDirector
M Kevin RichardsonSecretary
Anthony PavoneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
SynergentData Processing, Marketing, Card Service-$269,207
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$968,626
Investment Income
$68,237
Other Revenue
$456,685
Change in Net Assets
$147,492
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$687,469
Salaries, Compensation, and Employee Benefits$575,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$307,131
All Other Expenses---$178,805
Other Employee Benefits---$149,563
Current Officers, Directors, Trustees, and Key Employees---$118,353
Benefits to Members---$83,540
Depreciation Depletion---$52,079
Advertising---$51,213
Occupancy---$44,775
Other Expenses---$28,830
Total Functional Expenses$0$0$0$1,346,056
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Eric LachanceSon of CEOPayment for Landscaping ServicesNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union had 4,018 members as of 11/30/2014.

Form 990, Part VI, Section A, Line 7A

Organization had members authorized to appoint members of the governing body.

Form 990, Part VI, Section A, Line 7B

Some governance decisions are subject to approval by members, such as election of the board of directors.

Form 990, Part VI, Section B, Line 11

No review was or will be conducted

Form 990, Part VI, Section B, Line 12C

It 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.

Form 990, Part VI, Section B, Line 15

A 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.

Form 990, Part VI, Section C, Line 19

Governing 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.

Filing and Contact Details

Filer

EIN
01-0409063
Phone
2076233857

Signing Officer

Name
Richard Lachance
Title
CEO
Phone
2076233857
Signed
2015-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Lachance
Formed
1967
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
0

Preparer

Preparer
Brad Weller
Phone
2077745701
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Professional services 27,658. Loan servicing expense 25,895. Office operations expense 23,726. Misc. Operating expenses 17,603. Telephone 15,796. Surety bond 15,639. Exam & supervisory fees 13,308. Board expenses 11,950. Service contracts 10,874. Association dues 8,545. Education/seminars 7,514. Cash over/short 231. Business continuity 66.

Raw XML Appendix377 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt029059133
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt028763443
IRS990/AccountsReceivableGrp/BOYAmt019047671
IRS990/AccountsReceivableGrp/EOYAmt020326543
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.
IRS990/AdvertisingGrp/TotalAmt051213
IRS990/AllOtherExpensesGrp/TotalAmt0178805
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt083540
IRS990/BooksInCareOfDetail/PersonNm0RICHARD LACHANCE
IRS990/BooksInCareOfDetail/PhoneNum02076233857
IRS990/BooksInCareOfDetail/USAddress/AddressLine10PO BOX 1096
IRS990/BooksInCareOfDetail/USAddress/City0AUGUSTA
IRS990/BooksInCareOfDetail/USAddress/State0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCode0043321096
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0343442
IRS990/CashNonInterestBearingGrp/EOYAmt0226326
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0118353
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0269207
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine10PO BOX 1236
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City0PORTLAND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0ME
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode004104
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine10SYNERGENT
IRS990/ContractorCompensationGrp/ServicesDesc0DATA PROCESSING, MARKETING, CARD SERVICE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt083540
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt068237
IRS990/CYOtherExpensesAmt0687469
IRS990/CYOtherRevenueAmt0456685
IRS990/CYProgramServiceRevenueAmt0968626
IRS990/CYRevenuesLessExpensesAmt0147492
IRS990/CYSalariesCompEmpBnftPaidAmt0575047
IRS990/CYTotalExpensesAmt01346056
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01493548
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt052079
IRS990/Desc0THE CREDIT UNION HAS 4,018 MEMBERS AS OF 11/30/14. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt01040133
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt96699
IRS990/Form990PartVIISectionAGrp/PersonNm0NORMAN DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS RIKER
IRS990/Form990PartVIISectionAGrp/PersonNm2ANTHONY PAVONE
IRS990/Form990PartVIISectionAGrp/PersonNm3M KEVIN RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm4ANN ANCTIL
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL CLEMENTS
IRS990/Form990PartVIISectionAGrp/PersonNm6ISAAC DYER
IRS990/Form990PartVIISectionAGrp/PersonNm7KAREN HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm8STEPHANIE TURGEON
IRS990/Form990PartVIISectionAGrp/PersonNm9RICHARD LACHANCE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9111654
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-5060
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01498608
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt073297
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt073297
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt08779000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07986000
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0550248
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0622856
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0571846
IRS990/LandBldgEquipCostOrOtherBssAmt01122094
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt05060
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt02772
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt02772
IRS990/MissionDesc0PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03688940
IRS990/NetAssetsOrFundBalancesEOYAmt03836432
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-5060
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5060
IRS990/NetUnrelatedBusTxblIncmAmt01293
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt044775
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01368011
IRS990/OtherAssetsTotalGrp/EOYAmt01493766
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0149563
IRS990/OtherExpensesGrp/Desc0SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc1COMPUTER COSTS
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0174128
IRS990/OtherExpensesGrp/TotalAmt1123590
IRS990/OtherExpensesGrp/TotalAmt234049
IRS990/OtherExpensesGrp/TotalAmt328830
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0WARRANTY FEES
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2VEHICLE SVC. CONTRACT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0399672
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt151241
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0399672
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt151241
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt03000
IRS990/OtherRevenueTotalAmt0456685
IRS990/OtherSalariesAndWagesGrp/TotalAmt0307131
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045987
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt065661
IRS990/PrincipalOfficerNm0RICHARD LACHANCE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME FROM MEMBE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0968626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0968626
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt091136
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt063994
IRS990/PYOtherExpensesAmt0678085
IRS990/PYOtherRevenueAmt0469644
IRS990/PYProgramServiceRevenueAmt0941856
IRS990/PYRevenuesLessExpensesAmt0147979
IRS990/PYSalariesCompEmpBnftPaidAmt0558294
IRS990/PYTotalExpensesAmt01327515
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01475494
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0147492
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03688940
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03836432
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02541106
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01929733
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0417275
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0348587
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0765862
IRS990ScheduleD/EquipmentGrp/BookValueAmt038047
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0201661
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0239708
IRS990ScheduleD/LandGrp/BookValueAmt0116524
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0116524
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07986000
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0571846
IRS990ScheduleD/TotalBookValueSecuritiesAmt07986000
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ERIC LACHANCE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SON OF CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYMENT FOR LANDSCAPING SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAD 4,018 MEMBERS AS OF 11/30/2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAD MEMBERS AUTHORIZED TO APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS, SUCH AS ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IT 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/SupplementalInformationDetail/ExplanationTxt5A 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/SupplementalInformationDetail/ExplanationTxt6GOVERNING 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/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL SERVICES 27,658. LOAN SERVICING EXPENSE 25,895. OFFICE OPERATIONS EXPENSE 23,726. MISC. OPERATING EXPENSES 17,603. TELEPHONE 15,796. SURETY BOND 15,639. EXAM & SUPERVISORY FEES 13,308. BOARD EXPENSES 11,950. SERVICE CONTRACTS 10,874. ASSOCIATION DUES 8,545. EDUCATION/SEMINARS 7,514. CASH OVER/SHORT 231. BUSINESS CONTINUITY 66.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt032748073
IRS990/TotalAssetsEOYAmt032599875
IRS990/TotalAssetsGrp/BOYAmt032748073
IRS990/TotalAssetsGrp/EOYAmt032599875
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/TotalAmt01346056
IRS990/TotalGrossUBIAmt05772
IRS990/TotalLiabilitiesBOYAmt029059133
IRS990/TotalLiabilitiesEOYAmt028763443
IRS990/TotalLiabilitiesGrp/BOYAmt029059133
IRS990/TotalLiabilitiesGrp/EOYAmt028763443
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03688940
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03836432
IRS990/TotalOtherCompensationAmt06699
IRS990/TotalProgramServiceExpensesAmt01040133
IRS990/TotalProgramServiceRevenueAmt0968626
IRS990/TotalReportableCompFromOrgAmt0111654
IRS990/TotalRevenueGrp/ExclusionAmt073297
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01414479
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01493548
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05772
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032748073
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt032599875
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 1096
IRS990/USAddress/City0AUGUSTA
IRS990/USAddress/State0ME
IRS990/USAddress/ZIPCode0043321096
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CONNECTEDCREDITUNION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD LACHANCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02076233857
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10CONNECTED CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CONN
ReturnHeader/Filer/EIN0010409063
ReturnHeader/Filer/PhoneNum02076233857
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 1096
ReturnHeader/Filer/USAddress/City0AUGUSTA
ReturnHeader/Filer/USAddress/State0ME
ReturnHeader/Filer/USAddress/ZIPCode0043321096
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010242373
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MACPAGE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1030 LONG CREEK DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SOUTH PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode004106
ReturnHeader/PreparerPersonGrp/PhoneNum02077745701
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRAD WELLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-07-15T14:49:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-12-01
ReturnHeader/TaxPeriodEndDt02014-11-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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