Civic Intelligence

University Credit Union

990 • Fiscal year 2018 • EIN 01-6028792

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 05, 2019

Organization ProfileWWW.UCU.MAINE.EDU

View Organization Page

15 Main StreetOrono, ME 04469

(207) 889-8600

Siviq Scores

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

Liabilities / Assets

84th percentile

0.91x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

46th percentile

16.44x

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

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Net Margin

10th percentile

5.5%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

21st percentile

$296,729

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Asset Growth

64th percentile

5.7%

Faster asset growth than 64% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

1.0%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$305,452,117

Up $16,446,362 (+5.7%) from 2017

Net Assets

Up

$27,200,679

Up $702,574 (+2.7%) from 2017

Liabilities

Up

$278,251,438

Up $15,743,788 (+6.0%) from 2017

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin10th percentile

Revenue

Up

$16,924,654

Up $173,757 (+1.0%) from 2017

Expenses

Up

$15,995,925

Up $639,199 (+4.2%) from 2017

Net Income

Down

$928,729

Down $465,442 (-33%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$600M$400M$200M$0Assets 2010: $194,407,941Liabilities 2010: $176,844,714Net Assets 2010: $17,563,2272010Assets 2011: $192,909,871Liabilities 2011: $174,139,652Net Assets 2011: $18,770,2192011Assets 2012: $211,504,702Liabilities 2012: $191,241,935Net Assets 2012: $20,262,7672012Assets 2013: $233,669,869Liabilities 2013: $212,118,380Net Assets 2013: $21,551,4892013Assets 2014: $255,484,769Liabilities 2014: $232,309,262Net Assets 2014: $23,175,5072014Assets 2015: $265,708,967Liabilities 2015: $241,555,721Net Assets 2015: $24,153,2462015Assets 2016: $276,038,532Liabilities 2016: $250,871,613Net Assets 2016: $25,166,9192016Assets 2017: $289,005,755Liabilities 2017: $262,507,650Net Assets 2017: $26,498,1052017Assets 2018: $305,452,117Liabilities 2018: $278,251,438Net Assets 2018: $27,200,6792018Assets 2019: $330,643,520Liabilities 2019: $299,566,688Net Assets 2019: $31,076,8322019Assets 2020: $385,646,309Liabilities 2020: $349,834,373Net Assets 2020: $35,811,9362020Assets 2021: $424,608,395Liabilities 2021: $385,484,095Net Assets 2021: $39,124,3002021Assets 2022: $459,586,136Liabilities 2022: $423,242,537Net Assets 2022: $36,343,5992022Assets 2023: $480,026,796Liabilities 2023: $441,339,429Net Assets 2023: $38,687,3672023Assets 2024: $508,181,878Liabilities 2024: $465,832,980Net Assets 2024: $42,348,8982024

Highlighted filing

2018

Assets$305,452,117
Liabilities$278,251,438
Net Assets$27,200,679
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

$30M$20M$10M$0Expenses 2010: $11,247,7972010Expenses 2011: $11,088,8652011Expenses 2012: $11,501,4522012Revenue 2013: $12,748,442Expenses 2013: $11,442,827Net Income 2013: $1,305,6152013Revenue 2014: $14,365,545Expenses 2014: $12,807,905Net Income 2014: $1,557,6402014Revenue 2015: $15,443,996Expenses 2015: $14,360,170Net Income 2015: $1,083,8262015Revenue 2016: $16,270,086Expenses 2016: $14,965,221Net Income 2016: $1,304,8652016Revenue 2017: $16,750,897Expenses 2017: $15,356,726Net Income 2017: $1,394,1712017Revenue 2018: $16,924,654Expenses 2018: $15,995,925Net Income 2018: $928,7292018Revenue 2019: $18,930,933Expenses 2019: $16,063,394Net Income 2019: $2,867,5392019Revenue 2020: $19,858,361Expenses 2020: $16,471,282Net Income 2020: $3,387,0792020Revenue 2021: $20,708,166Expenses 2021: $16,129,125Net Income 2021: $4,579,0412021Revenue 2022: $21,065,584Expenses 2022: $17,883,590Net Income 2022: $3,181,9942022Revenue 2023: $24,246,784Expenses 2023: $22,460,398Net Income 2023: $1,786,3862023Revenue 2024: $29,289,979Expenses 2024: $28,299,035Net Income 2024: $990,9442024

Highlighted filing

2018

Revenue$16,924,654
Expenses$15,995,925
Net Income$928,729
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$18,103,649
Mission and Program Overview

Mission

The purpose of university credit union is to actively advance members' financial well-being in every stage of their lives.

Provide members with savings and loan services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$230,521,252$241,283,043▲ $10,761,791
Investments Other Securities$34,338,493$38,124,646▲ $3,786,153
Rtn Earn Endowment Incm Other Fnds$26,498,105$27,200,679▲ $702,574
Cash and Non-Interest-Bearing Accounts$8,920,663$10,599,788▲ $1,679,125
Land, Buildings, and Equipment, Net$10,231,243$9,278,939▼ $952,304
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$289,005,755$305,452,117▲ $16,446,362
Other Assets Total$4,994,104$6,165,701▲ $1,171,597
Liabilities
Other Liabilities$233,568,215$247,624,735▲ $14,056,520
Mortgage Notes Payable Secured by Investment Property$25,606,617$27,000,000▲ $1,393,383
Accounts Payable and Accrued Expenses$2,087,836$2,341,162▲ $253,326
Escrow Account Liability$1,244,982$1,285,541▲ $40,559
Total Liabilities$262,507,650$278,251,438▲ $15,743,788
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,498,105$27,200,679▲ $702,574
Total Liabilities and Net Assets / Fund Balance$289,005,755$305,452,117▲ $16,446,362

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,801,940$3,626,095$8,428,035
Equipment$1,442,904$3,698,775$5,141,679
Land$2,554,972-$2,554,972
Leasehold Improvements$201,562$654,628$856,190
Other Land Buildings$277,561$26,905$304,466
Other Securities$38,124,646--
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew WalshPresident & CEOFT$242,573$54,156$296,729
Deb White-rideoutEvpFT$128,872$75,705$204,577
Renee OuelletteSVP FinanceFT$119,898$70,182$190,080
April GleasonVP of LendingFT$108,514$13,680$122,194
Eileen ByramVP of Risk MgmtFT$102,976$13,237$116,213
Hugh MorrisonSecretary-$391-$391
Richard BorgmanDirector-$382-$382
Gerald Hayman JrChair-$368-$368
Ency WhitehillVice Chair-$335-$335
Betsy UhuadDirector-$260-$260
Carolyn CheneyDirector-$185-$185
Peter ReidDirector-$130-$130
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,809,871
Investment Income
$21,627
Other Revenue
$93,156
Change in Net Assets
$928,729

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,924,654
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$16,924,654
Total Revenue per Form 990
$16,924,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,059,051
Salaries, Compensation, and Employee Benefits$6,289,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,059,134
Benefits to Members---$1,646,921
Occupancy---$1,016,291
Other Employee Benefits---$1,011,963
Advertising---$561,917
Current Officers, Directors, Trustees, and Key Employees---$488,860
Pension Plan Contributions---$376,449
Payroll Taxes---$353,547
Fees for Services Other---$228,804
Other Expenses---$178,035
Travel---$124,974
Fees for Services Legal---$94,085
Fees for Services Accounting---$29,040
Total Functional Expenses$0$0$0$15,995,925

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,995,925
Total Expenses per Audited Statements$15,995,925
Total Expenses per Form 990$15,995,925
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARE AND SAVINGS ACCOUNT$247,624,735
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
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 is in business to serve its members, which is made up of the students, employees and alumni of the university of maine system, maine maritime academy, penobscot county school districts, northeast technical institute, the landing school, cosmotech, print mail of maine, usa union street athletics, general electric power systems of bangor, and the maine consumer council. Membership is also available to the families of these groups.”

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

“Members of the governing body are nominated and when applicable voted in by members of the organization.”

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

“Certain decisions are subject to the approval of the members of the organization, such as the decision to merge with another entity.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 was provided to the governing body with available time for review and discussion before filing. The return was reviewed by the accounting manager and senior vice president of finance.”

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

“A conflict of interest statement is signed and issues are addressed as they arise.”

Form 990, Part VI, Section B, Line 15

“Compensation for the organization's president, ceo and all other employee compensation is determined with comparability data such as a compensation survey or study. The president and ceo compensation is subject to approval of the board.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted onsite at all public locations. The conflict of interest policy and governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
University Credit Union
EIN
01-6028792
Phone
2078898600
Address
15 MAIN STREET, ORONO, ME 04469

Signing Officer

Name
Renee Ouellette
Title
Senior VP Finance
Phone
2078898600
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Walsh
Formed
1967
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
7
Employees
101
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
30 LONG CREEK DRIVE, SOUTH PORTLAND, ME 04106-2437
Preparer
Brad Weller CPA
Phone
2077745701
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 1B:

“Ucu sells mortgages to fannie mae (fnma) and the federal home loan bank (fhlb) but retains the servicing. Ucu accepts the mortgage payments on behalf of fnma and fhlb and remits the p&i portions of those to the respective entity on a daily basis. The t&i (or escrow) portion of the payments is retained in a custodial account at ucu. Ucu disburses payments to the respective city/town and insurance companies as per the mortgage escrow agreements out of the custodial account. Custodial accounts are reconciled and reported to fnma and fhlb monthly.”

PART IV, LINE 2B:

“Escrow accounts for mortgages”

Raw XML AppendixShowing 400 of 508 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/BOYAmt02087836
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02341162
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.
IRS990/AdvertisingGrp/TotalAmt0561917
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt01646921
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RENEE OUELLETTE
IRS990/BooksInCareOfDetail/PhoneNum02078898600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt015 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ORONO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004473
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt08920663
IRS990/CashNonInterestBearingGrp/EOYAmt010599788
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0488860
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt01646921
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt021627
IRS990/CYOtherExpensesAmt08059051
IRS990/CYOtherRevenueAmt093156
IRS990/CYProgramServiceRevenueAmt016809871
IRS990/CYRevenuesLessExpensesAmt0928729
IRS990/CYSalariesCompEmpBnftPaidAmt06289953
IRS990/CYTotalExpensesAmt015995925
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt016924654
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE CREDIT UNION HAS 27,776 MEMBERS AS OF 12/31/2018. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0101
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EscrowAccountLiabilityGrp/BOYAmt01244982
IRS990/EscrowAccountLiabilityGrp/EOYAmt01285541
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt029040
IRS990/FeesForServicesLegalGrp/TotalAmt094085
IRS990/FeesForServicesOtherGrp/TotalAmt0228804
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
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/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt724430
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt860052
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt960421
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1013680
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1113237
IRS990/Form990PartVIISectionAGrp/PersonNm0GERALD HAYMAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm1ENCY WHITEHILL
IRS990/Form990PartVIISectionAGrp/PersonNm2HUGH MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm3CAROLYN CHENEY
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD BORGMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5BETSY UHUAD
IRS990/Form990PartVIISectionAGrp/PersonNm6PETER REID
IRS990/Form990PartVIISectionAGrp/PersonNm7MATTHEW WALSH
IRS990/Form990PartVIISectionAGrp/PersonNm8RENEE OUELLETTE
IRS990/Form990PartVIISectionAGrp/PersonNm9DEB WHITE-RIDEOUT
IRS990/Form990PartVIISectionAGrp/PersonNm10APRIL GLEASON
IRS990/Form990PartVIISectionAGrp/PersonNm11EILEEN BYRAM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0368
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1335
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2391
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3185
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4382
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7272299
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8130028
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9144156
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10108514
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11102976
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8SVP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt9EVP
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF RISK MGMT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-983699
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0195296
IRS990/GrossReceiptsAmt018103649
IRS990/GrossRentsGrp/RealAmt036034
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01005326
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01005326
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt034338493
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt038124646
IRS990/IRPDocumentCnt08755
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08006403
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010231243
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09278939
IRS990/LandBldgEquipCostOrOtherBssAmt017285342
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01178995
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0794
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt0794
IRS990/MissionDesc0THE PURPOSE OF UNIVERSITY CREDIT UNION IS PREPARE, PROGRESS, ACHIEVE. TO ACTIVELY ADVANCE THE FINANCIAL WELL-BEING OF OUR MEMBERS IN EVERY STAGE OF THEIR LIVES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt025606617
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt027000000
IRS990/NetAssetsOrFundBalancesBOYAmt026498105
IRS990/NetAssetsOrFundBalancesEOYAmt027200679
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-983699
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-983699
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt036034
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt036034
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-226155
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01016291
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04994104
IRS990/OtherAssetsTotalGrp/EOYAmt06165701
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01011963
IRS990/OtherExpensesGrp/Desc0OPERATIONS EXP
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER GENERAL AND ADMIN
IRS990/OtherExpensesGrp/TotalAmt04410636
IRS990/OtherExpensesGrp/TotalAmt1991859
IRS990/OtherExpensesGrp/TotalAmt2423410
IRS990/OtherExpensesGrp/TotalAmt3178035
IRS990/OtherLiabilitiesGrp/BOYAmt0233568215
IRS990/OtherLiabilitiesGrp/EOYAmt0247624735
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0COMMISSION
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2INSURANCE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt033966
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt115362
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt27000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt033966
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt115362
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt27000
IRS990/OtherRevenueTotalAmt057122
IRS990/OtherSalariesAndWagesGrp/TotalAmt04059134
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0230521252
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0241283043
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0353547
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0376449
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MATTHEW WALSH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME FROM MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1CHECK CARD
IRS990/ProgramServiceRevenueGrp/Desc2OVERDRAFT FEES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc4ATM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012824088
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11827514
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21559949
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3378768
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt461722
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012824088
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11827514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21559949
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3378768
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4162225
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0100503
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01362152
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0828875
IRS990/PYOtherExpensesAmt07891413
IRS990/PYOtherRevenueAmt0338312
IRS990/PYProgramServiceRevenueAmt015583710
IRS990/PYRevenuesLessExpensesAmt01394171
IRS990/PYSalariesCompEmpBnftPaidAmt06103161
IRS990/PYTotalExpensesAmt015356726
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt016750897
IRS990/ReconcilationRevenueExpnssAmt0928729
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt036034
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt026498105
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt027200679
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AdditionsDuringYearAmt01167437
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BeginningBalanceAmt0402179
IRS990ScheduleD/BuildingsGrp/BookValueAmt04801940
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03626095
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08428035
IRS990ScheduleD/DistributionsDuringYearAmt01201990
IRS990ScheduleD/EndingBalanceAmt0367626
IRS990ScheduleD/EquipmentGrp/BookValueAmt01442904
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03698775
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05141679
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt015995925
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt02554972
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02554972
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0201562
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0654628
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0856190
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0277561
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026905
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0304466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0247624735
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND SAVINGS ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt038124646
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MORTGAGE BACKED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt016924654
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UCU SELLS MORTGAGES TO FANNIE MAE (FNMA) AND THE FEDERAL HOME LOAN BANK (FHLB) BUT RETAINS THE SERVICING. UCU ACCEPTS THE MORTGAGE PAYMENTS ON BEHALF OF FNMA AND FHLB AND REMITS THE P&I PORTIONS OF THOSE TO THE RESPECTIVE ENTITY ON A DAILY BASIS. THE T&I (OR ESCROW) PORTION OF THE PAYMENTS IS RETAINED IN A CUSTODIAL ACCOUNT AT UCU. UCU DISBURSES PAYMENTS TO THE RESPECTIVE CITY/TOWN AND INSURANCE COMPANIES AS PER THE MORTGAGE ESCROW AGREEMENTS OUT OF THE CUSTODIAL ACCOUNT. CUSTODIAL ACCOUNTS ARE RECONCILED AND REPORTED TO FNMA AND FHLB MONTHLY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ESCROW ACCOUNTS FOR MORTGAGES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 1B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09278939
IRS990ScheduleD/TotalBookValueSecuritiesAmt038124646
IRS990ScheduleD/TotalExpensesPerForm990Amt015995925
IRS990ScheduleD/TotalLiabilityAmt0247624735
IRS990ScheduleD/TotalRevenuePerForm990Amt016924654
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016924654
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015995925
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0242573
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1119898
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2128872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount014783
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount17347
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount27636
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt145000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt244500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024430
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt115052
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt215921
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt014943
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt12783
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt27648
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MATTHEW WALSH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RENEE OUELLETTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DEB WHITE-RIDEOUT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SVP FINANCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2EVP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0296729
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1190080
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2204577

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$305,452,117
Liabilities
$278,251,438
Net assets
$27,200,679
Revenue
$16,924,654
Expenses
$15,995,925
Net income
$928,729
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$508$466$42.3$29.3$28.3$0.99
2023Detailed filing. Detailed filing data is available for this year.$480$441$38.7$24.2$22.5$1.79
2022Detailed filing. Detailed filing data is available for this year.$460$423$36.3$21.1$17.9$3.18
2021Detailed filing. Detailed filing data is available for this year.$425$385$39.1$20.7$16.1$4.58
2020Detailed filing. Detailed filing data is available for this year.$386$350$35.8$19.9$16.5$3.39
2019Detailed filing. Detailed filing data is available for this year.$331$300$31.1$18.9$16.1$2.87
2018Detailed filing. Detailed filing data is available for this year.$305$278$27.2$16.9$16.0$0.93
2017Detailed filing. Detailed filing data is available for this year.$289$263$26.5$16.8$15.4$1.39
2016Detailed filing. Detailed filing data is available for this year.$276$251$25.2$16.3$15.0$1.30
2015Detailed filing. Detailed filing data is available for this year.$266$242$24.2$15.4$14.4$1.08
2014Detailed filing. Detailed filing data is available for this year.$255$232$23.2$14.4$12.8$1.56
2013Detailed filing. Detailed filing data is available for this year.$234$212$21.6$12.7$11.4$1.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$212$191$20.3$11.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$174$18.8$11.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$194$177$17.6$11.2