Civic Intelligence

Maine Education Credit Union

990 • Fiscal year 2015 • EIN 01-0409063

Dec 01, 2014 to Nov 30, 2015 • Filed on Oct 07, 2016

Organization ProfileWWW.CONNECTEDCREDITUNION.ORG

View Organization Page

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

54th percentile

0.88x

Higher debt load relative to assets than 54% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

19.93x

Higher debt load relative to revenue than 47% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$113,480

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Asset Growth

80th percentile

6.9%

Faster asset growth than 80% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

3.5%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$34,835,579

Up $2,235,704 (+6.9%) from 2014

Net Assets

Up

$4,028,233

Up $191,801 (+5.0%) from 2014

Liabilities

Up

$30,807,346

Up $2,043,903 (+7.1%) from 2014

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin68th percentile

Revenue

Up

$1,545,786

Up $52,238 (+3.5%) from 2014

Expenses

Up

$1,353,985

Up $7,929 (+0.6%) from 2014

Net Income

Up

$191,801

Up $44,309 (+30%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth80th 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

2015

Assets$34,835,579
Liabilities$30,807,346
Net Assets$4,028,233
Open 2015 Filing

Operations Trend

Revenue Growth64th percentile

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

2015

Revenue$1,545,786
Expenses$1,353,985
Net Income$191,801
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2014 to Nov 30, 2015
Signed
Oct 7, 2016
Return Version
2014v6.0
Gross Receipts
$1,552,905
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$20,326,543$21,779,500▲ $1,452,957
Investments Other Securities$7,986,000$8,237,000▲ $251,000
Rtn Earn Endowment Incm Other Fnds$3,836,432$4,028,233▲ $191,801
Savings and Temporary Cash Investments$1,929,733$1,906,436▼ $23,297
Land, Buildings, and Equipment, Net$571,846$1,050,401▲ $478,555
Cash and Non-Interest-Bearing Accounts$226,326$244,465▲ $18,139
Prepaid Expenses and Deferred Charges$65,661$53,032▼ $12,629
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$32,599,875$34,835,579▲ $2,235,704
Other Assets Total$1,493,766$1,564,745▲ $70,979
Liabilities
Accounts Payable and Accrued Expenses$28,763,443$30,807,346▲ $2,043,903
Total Liabilities$28,763,443$30,807,346▲ $2,043,903
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,836,432$4,028,233▲ $191,801
Total Liabilities and Net Assets / Fund Balance$32,599,875$34,835,579▲ $2,235,704

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$470,441$386,222$856,663
Land$543,760-$543,760
Equipment$36,200$211,481$247,681
Other Securities$8,237,000--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard LachanceCEOFT$106,880$6,600$113,480

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
SynergentData Processing, Marketing, Card ServicePO BOX 1236, Portland, ME 04104$256,463
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,007,282
Investment Income
$75,811
Other Revenue
$462,693
Change in Net Assets
$191,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$679,677
Salaries, Compensation, and Employee Benefits$585,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$314,726
Other Employee Benefits---$157,786
All Other Expenses---$153,851
Current Officers, Directors, Trustees, and Key Employees---$113,480
Benefits to Members---$88,316
Advertising---$66,981
Depreciation Depletion---$47,456
Occupancy---$44,176
Other Expenses---$31,936
Total Functional Expenses$0$0$0$1,353,985
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$3,365
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 3,998members as of 11/30/2015.”

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

“We use a third party salary comparison program with updated ranges of salary based on job description and geographical location. This program is updated and referred to annually by a committee of the board for purposes of determining compensation.”

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

Filer Name
Connected Credit Union
EIN
01-0409063
Phone
2076233857
Address
PO BOX 1096, AUGUSTA, ME 04332-1096

Signing Officer

Name
Richard Lachance
Title
CEO
Phone
2076233857
Signed
2016-10-07
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
13
Volunteers
0

Preparer

Firm
Macpage LLC
Address
30 LONG CREEK DRIVE, SOUTH PORTLAND, ME 04106
Preparer
Brad Weller
Phone
2077745701
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Loan servicing expense 26,016. Misc. Operating expenses 24,032. Office operations expense 22,413. Surety bond 16,905. Telephone 16,698. Exam & supervisory fees 15,441. Service contracts 9,783. Association dues 8,711. Education/seminars 7,156. Board expenses 6,633. Cash over/short 63.”

Raw XML Appendix363 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/BOYAmt028763443
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt030807346
IRS990/AccountsReceivableGrp/BOYAmt020326543
IRS990/AccountsReceivableGrp/EOYAmt021779500
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.
IRS990/AdvertisingGrp/TotalAmt066981
IRS990/AllOtherExpensesGrp/TotalAmt0153851
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BenefitsToMembersGrp/TotalAmt088316
IRS990/BooksInCareOfDetail/PersonNm0RICHARD LACHANCE
IRS990/BooksInCareOfDetail/PhoneNum02076233857
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1096
IRS990/BooksInCareOfDetail/USAddress/CityNm0AUGUSTA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0043321096
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0226326
IRS990/CashNonInterestBearingGrp/EOYAmt0244465
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0113480
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0256463
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 1236
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0PORTLAND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0ME
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd004104
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SYNERGENT
IRS990/ContractorCompensationGrp/ServicesDesc0DATA PROCESSING, MARKETING, CARD SERVICE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt088316
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt075811
IRS990/CYOtherExpensesAmt0679677
IRS990/CYOtherRevenueAmt0462693
IRS990/CYProgramServiceRevenueAmt01007282
IRS990/CYRevenuesLessExpensesAmt0191801
IRS990/CYSalariesCompEmpBnftPaidAmt0585992
IRS990/CYTotalExpensesAmt01353985
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01545786
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt047456
IRS990/Desc0THE CREDIT UNION HAS 3,998 MEMBERS AS OF 11/30/15. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt01353985
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/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
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/OtherCompensationAmt76600
IRS990/Form990PartVIISectionAGrp/PersonNm0NORMAN DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm1ANTHONY PAVONE
IRS990/Form990PartVIISectionAGrp/PersonNm2M KEVIN RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm3ANN ANCTIL
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL CLEMENTS
IRS990/Form990PartVIISectionAGrp/PersonNm5ISAAC DYER
IRS990/Form990PartVIISectionAGrp/PersonNm6KAREN HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD LACHANCE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7106880
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-7119
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01552905
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt082930
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt082930
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07986000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt08237000
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0597703
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0571846
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01050401
IRS990/LandBldgEquipCostOrOtherBssAmt01648104
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt07119
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt04667
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt04667
IRS990/MissionDesc0PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03836432
IRS990/NetAssetsOrFundBalancesEOYAmt04028233
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-7119
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7119
IRS990/NetUnrelatedBusTxblIncmAmt01565
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt044176
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01493766
IRS990/OtherAssetsTotalGrp/EOYAmt01564745
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0157786
IRS990/OtherExpensesGrp/Desc0SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc1COMPUTER COSTS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc3POSTAGE
IRS990/OtherExpensesGrp/TotalAmt0178220
IRS990/OtherExpensesGrp/TotalAmt1114800
IRS990/OtherExpensesGrp/TotalAmt242257
IRS990/OtherExpensesGrp/TotalAmt331936
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0WARRANTY FEES
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2CUNA-M/C
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0411263
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt143261
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0411263
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt143261
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23502
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt03502
IRS990/OtherRevenueTotalAmt0462693
IRS990/OtherSalariesAndWagesGrp/TotalAmt0314726
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt065661
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt053032
IRS990/PrincipalOfficerNm0RICHARD LACHANCE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME FROM MEMBE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01007282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01007282
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt083540
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt068237
IRS990/PYOtherExpensesAmt0687469
IRS990/PYOtherRevenueAmt0456685
IRS990/PYProgramServiceRevenueAmt0968626
IRS990/PYRevenuesLessExpensesAmt0147492
IRS990/PYSalariesCompEmpBnftPaidAmt0575047
IRS990/PYTotalExpensesAmt01346056
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01493548
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0191801
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03836432
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04028233
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01929733
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01906436
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0470441
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0386222
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0856663
IRS990ScheduleD/EquipmentGrp/BookValueAmt036200
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0211481
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0247681
IRS990ScheduleD/LandGrp/BookValueAmt0543760
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0543760
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08237000
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01050401
IRS990ScheduleD/TotalBookValueSecuritiesAmt08237000
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ERIC LACHANCE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SON OF CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03365
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYMENT FOR LANDSCAPING SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAD 3,998MEMBERS AS OF 11/30/2015.
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/ExplanationTxt5WE USE A THIRD PARTY SALARY COMPARISON PROGRAM WITH UPDATED RANGES OF SALARY BASED ON JOB DESCRIPTION AND GEOGRAPHICAL LOCATION. THIS PROGRAM IS UPDATED AND REFERRED TO ANNUALLY BY A COMMITTEE OF THE BOARD FOR PURPOSES OF DETERMINING COMPENSATION.
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/ExplanationTxt7LOAN SERVICING EXPENSE 26,016. MISC. OPERATING EXPENSES 24,032. OFFICE OPERATIONS EXPENSE 22,413. SURETY BOND 16,905. TELEPHONE 16,698. EXAM & SUPERVISORY FEES 15,441. SERVICE CONTRACTS 9,783. ASSOCIATION DUES 8,711. EDUCATION/SEMINARS 7,156. BOARD EXPENSES 6,633. CASH OVER/SHORT 63.
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/TotalAssetsBOYAmt032599875
IRS990/TotalAssetsEOYAmt034835579
IRS990/TotalAssetsGrp/BOYAmt032599875
IRS990/TotalAssetsGrp/EOYAmt034835579
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/TotalAmt01353985
IRS990/TotalGrossUBIAmt08169
IRS990/TotalLiabilitiesBOYAmt028763443
IRS990/TotalLiabilitiesEOYAmt030807346
IRS990/TotalLiabilitiesGrp/BOYAmt028763443
IRS990/TotalLiabilitiesGrp/EOYAmt030807346
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03836432
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04028233
IRS990/TotalOtherCompensationAmt06600
IRS990/TotalProgramServiceExpensesAmt01353985
IRS990/TotalProgramServiceRevenueAmt01007282
IRS990/TotalReportableCompFromOrgAmt0106880
IRS990/TotalRevenueGrp/ExclusionAmt082930
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01454687
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01545786
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08169
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032599875
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034835579
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1096
IRS990/USAddress/CityNm0AUGUSTA
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd0043321096
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CONNECTEDCREDITUNION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD LACHANCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02076233857
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONNECTED CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CONN
ReturnHeader/Filer/EIN0010409063
ReturnHeader/Filer/PhoneNum02076233857
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1096
ReturnHeader/Filer/USAddress/CityNm0AUGUSTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd0043321096
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010242373
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MACPAGE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030 LONG CREEK DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTH PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004106
ReturnHeader/PreparerPersonGrp/PhoneNum02077745701
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRAD WELLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-10-12T06:53:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-12-01
ReturnHeader/TaxPeriodEndDt02015-11-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,835,579
Liabilities
$30,807,346
Net assets
$4,028,233
Revenue
$1,545,786
Expenses
$1,353,985
Net income
$191,801
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