Civic Intelligence

University Credit Union

990 • Fiscal year 2020 • EIN 01-6028792

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 15, 2021

Organization ProfileWWW.UCUMAINE.COM

View Organization Page

15 Main StreetOrono, ME 04473

(207) 889-8600

Siviq Scores

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

Liabilities / Assets

66th percentile

0.91x

Higher debt load relative to assets than 66% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

17.62x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

20th percentile

$288,192

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Asset Growth

47th percentile

17%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

4.9%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$385,646,309

Up $55,002,789 (+17%) from 2019

Net Assets

Up

$35,811,936

Up $4,735,104 (+15%) from 2019

Liabilities

Up

$349,834,373

Up $50,267,685 (+17%) from 2019

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin77th percentile

Revenue

Up

$19,858,361

Up $927,428 (+4.9%) from 2019

Expenses

Up

$16,471,282

Up $407,888 (+2.5%) from 2019

Net Income

Up

$3,387,079

Up $519,540 (+18%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2020

Assets$385,646,309
Liabilities$349,834,373
Net Assets$35,811,936
Open 2020 Filing

Operations Trend

Revenue Growth74th 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

2020

Revenue$19,858,361
Expenses$16,471,282
Net Income$3,387,079
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 15, 2021
Return Version
2020v4.1
Gross Receipts
$36,334,045
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.

University credit union advances your financial well-being in every stage of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$261,883,399$313,326,434▲ $51,443,035
Investments Other Securities$42,530,461$44,974,845▲ $2,444,384
Rtn Earn Endowment Incm Other Fnds$31,076,832$35,811,936▲ $4,735,104
Cash and Non-Interest-Bearing Accounts$9,394,074$11,494,134▲ $2,100,060
Land, Buildings, and Equipment, Net$7,504,230$7,141,761▼ $362,469
Receivables From Officers Etc$1,134,236$794,260▼ $339,976
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$330,643,520$385,646,309▲ $55,002,789
Other Assets Total$8,197,120$7,914,875▼ $282,245
Liabilities
Other Liabilities$257,833,525$321,953,124▲ $64,119,599
Mortgage Notes Payable Secured by Investment Property$38,300,000$23,184,267▼ $15,115,733
Accounts Payable and Accrued Expenses$1,933,405$2,890,851▲ $957,446
Escrow Account Liability$1,499,758$1,806,131▲ $306,373
Total Liabilities$299,566,688$349,834,373▲ $50,267,685
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,076,832$35,811,936▲ $4,735,104
Total Liabilities and Net Assets / Fund Balance$330,643,520$385,646,309▲ $55,002,789

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,137,531$2,747,615$6,885,146
Equipment$1,028,983$4,096,185$5,125,168
Land$1,578,333-$1,578,333
Leasehold Improvements$140,832$729,358$870,190
Other Land Buildings$256,082$28,415$284,497
Other Securities$371,928--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ouellette Renee DPresident & CEOFT$219,724$68,468$288,192
Rucker KyleMortgage Loan OriginatorFT$30,000$234,066$264,066
White-rideout DebExec Vice PresidentFT$152,030$52,386$204,416
Carlisle C JasonMortgage Loan OriginatorFT$30,000$147,826$177,826
Broniarczyk Cory EMortgage Loan OriginatorFT$30,000$147,110$177,110
Faloon Cody aMortgage Loan OriginatorFT$30,000$143,807$173,807
Gleason AprilVP of LendingFT$118,996$34,282$153,278
Williams RobertChief Financial OfficerFT$89,143$24,975$114,118

Board Members and Trustees

NameTitle
Hayman GeraldChair
Whitehill EncyVice Chair
Borgman RichardDirector
Cheney CarolynDirector
Reid PeterDirector
Uhuad BetsyDirector
Morrison HughSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
SynergentData Processing2 LEDGEVIEW DR, Westbrook, ME 04092$1,316,320
Portland Safe Consulting & Design INCEquipment & Service Support3 MALLISON FALLS RD, Windham, ME 04062$211,592
Property Valuation Services INCAppraisalsPO BOX 343, South Freeport, ME 04078$203,160
Mortgageclick LLCMortgage Lending Support10 CEDAR ST STE 15, Woburn, MA 01801$166,543
Cuna Mutual GroupInsurance Services5910 MINERAL POINT RD, Madison, WI 53705$161,452
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,159,825
Investment Income
$1,645,334
Other Revenue
$53,202
Change in Net Assets
$3,387,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,858,361
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,348,025
Total Revenue per Audited Statements
$21,206,386
Total Revenue per Form 990
$19,858,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,100,063
Salaries, Compensation, and Employee Benefits$7,343,571
Grants and Similar Amounts Paid$34,575
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,990,306
Benefits to Members---$993,073
Other Employee Benefits---$916,955
Depreciation Depletion---$890,455
Occupancy---$601,526
Advertising---$589,308
Current Officers, Directors, Trustees, and Key Employees---$540,833
Pension Plan Contributions---$475,424
Payroll Taxes---$420,053
Fees for Services Other---$342,224
Other Expenses---$262,653
Interest---$242,927
Fees for Services Legal---$35,103
Grants to Domestic Orgs---$34,575
Travel---$32,114
Fees for Services Accounting---$31,944
Insurance---$13,847
Total Functional Expenses$0$0$0$16,471,282

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,471,282
Total Expenses per Audited Statements$16,471,282
Total Expenses per Form 990$16,471,282
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Southern Maine FoundationPortland, ME501(c)(3)Charitable Support$18,125
Maine Maritime AcademyCastine, ME501(c)(3)Charitable Support$10,450
University of Maine FoundationOrono, ME501(c)(3)Charitable Support$6,000
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,134,236$794,260▼ $339,976
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARE AND SAVINGS ACCOUNT$321,953,124
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 35% controlled entity
No
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 chief financial officer.”

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/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 04473

Signing Officer

Name
Bob Williams
Title
Chief Financial Officer
Phone
2078898600
Signed
2021-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Ouellette
Formed
1967
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
7
Employees
93
Volunteers
9

Preparer

Firm
Albin Randall & Bennett
Address
PO BOX 445 130 MIDDLE STREET, PORTLAND, ME 04112-0445
Preparer
Robin L Cyr
Phone
2077721981
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 1B:

“Ucu sells mortgages to fannie mae (fnma) and the federal home loan bank (fhlb)i 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 the fnma and fhlb monthly.”

PART IV, LINE 2B:

“Escrow accounts for mortgages”

Raw XML AppendixShowing 400 of 679 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/BOYAmt01933405
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02890851
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0UNIVERSITY CREDIT UNION ADVANCES YOUR FINANCIAL WELL-BEING IN EVERY STAGE OF LIFE.
IRS990/AdvertisingGrp/TotalAmt0589308
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt0993073
IRS990/BooksInCareOfDetail/PersonNm0BOB WILLIAMS
IRS990/BooksInCareOfDetail/PhoneNum02078898600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt015 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ORONO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004473
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt09394074
IRS990/CashNonInterestBearingGrp/EOYAmt011494134
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0540833
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01316320
IRS990/ContractorCompensationGrp/CompensationAmt1211592
IRS990/ContractorCompensationGrp/CompensationAmt2203160
IRS990/ContractorCompensationGrp/CompensationAmt3166543
IRS990/ContractorCompensationGrp/CompensationAmt4161452
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt02 LEDGEVIEW DR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt13 MALLISON FALLS RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 343
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt310 CEDAR ST STE 15
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt45910 MINERAL POINT RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WESTBROOK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1WINDHAM
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2SOUTH FREEPORT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3WOBURN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4MADISON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0ME
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1ME
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2ME
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4WI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd004092
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd104062
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd204078
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd301801
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd453705
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SYNERGENT
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1PORTLAND SAFE CONSULTING & DESIGN INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2PROPERTY VALUATION SERVICES INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3MORTGAGECLICK LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4CUNA MUTUAL GROUP
IRS990/ContractorCompensationGrp/ServicesDesc0DATA PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc1EQUIPMENT & SERVICE SUPPORT
IRS990/ContractorCompensationGrp/ServicesDesc2APPRAISALS
IRS990/ContractorCompensationGrp/ServicesDesc3MORTGAGE LENDING SUPPORT
IRS990/ContractorCompensationGrp/ServicesDesc4INSURANCE SERVICES
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt0993073
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt034575
IRS990/CYInvestmentIncomeAmt01645334
IRS990/CYOtherExpensesAmt08100063
IRS990/CYOtherRevenueAmt053202
IRS990/CYProgramServiceRevenueAmt018159825
IRS990/CYRevenuesLessExpensesAmt03387079
IRS990/CYSalariesCompEmpBnftPaidAmt07343571
IRS990/CYTotalExpensesAmt016471282
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt019858361
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0890455
IRS990/Desc0THE CREDIT UNION HAS 28,484 MEMBERS AS OF 12/31/2020. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt093
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt01499758
IRS990/EscrowAccountLiabilityGrp/EOYAmt01806131
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt031944
IRS990/FeesForServicesLegalGrp/TotalAmt035103
IRS990/FeesForServicesOtherGrp/TotalAmt0342224
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/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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/OtherCompensationAmt745332
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt824975
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt941230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1032406
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt117487
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1228075
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1333188
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1428949
IRS990/Form990PartVIISectionAGrp/PersonNm0BORGMAN RICHARD
IRS990/Form990PartVIISectionAGrp/PersonNm1CHENEY CAROLYN
IRS990/Form990PartVIISectionAGrp/PersonNm2REID PETER
IRS990/Form990PartVIISectionAGrp/PersonNm3UHUAD BETSY
IRS990/Form990PartVIISectionAGrp/PersonNm4HAYMAN GERALD
IRS990/Form990PartVIISectionAGrp/PersonNm5WHITEHILL ENCY
IRS990/Form990PartVIISectionAGrp/PersonNm6MORRISON HUGH
IRS990/Form990PartVIISectionAGrp/PersonNm7OUELLETTE RENEE D
IRS990/Form990PartVIISectionAGrp/PersonNm8WILLIAMS ROBERT
IRS990/Form990PartVIISectionAGrp/PersonNm9WHITE-RIDEOUT DEB
IRS990/Form990PartVIISectionAGrp/PersonNm10RUCKER KYLE
IRS990/Form990PartVIISectionAGrp/PersonNm11BRONIARCZYK CORY E
IRS990/Form990PartVIISectionAGrp/PersonNm12CARLISLE C JASON
IRS990/Form990PartVIISectionAGrp/PersonNm13FALOON CODY A
IRS990/Form990PartVIISectionAGrp/PersonNm14GLEASON APRIL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7242860
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt889143
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9163186
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10231660
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11169623
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12149751
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13140619
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14124329
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/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXEC VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10MORTGAGE LOAN ORIGINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11MORTGAGE LOAN ORIGINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12MORTGAGE LOAN ORIGINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13MORTGAGE LOAN ORIGINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF LENDING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0432444
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt034575
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt016908128
IRS990/GrossReceiptsAmt036334045
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt013847
IRS990/InterestGrp/TotalAmt0242927
IRS990/InvestmentIncomeGrp/ExclusionAmt01212890
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01212890
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt042530461
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt044974845
IRS990/IRPDocumentCnt08828
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07601573
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07504230
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07141761
IRS990/LandBldgEquipCostOrOtherBssAmt014743334
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt016475684
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF UNIVERSITY CREDIT UNION IS PREPARE, PROGRESS, ACHIEVE. TO ACTIVELY ADVANCE THE FINANCIAL WELL-BEING OF OUR MEMBERS IN EVERY STATE OF THEIR LIVES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt038300000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt023184267
IRS990/NetAssetsOrFundBalancesBOYAmt031076832
IRS990/NetAssetsOrFundBalancesEOYAmt035811936
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0432444
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0432444
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01348025
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0601526
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08197120
IRS990/OtherAssetsTotalGrp/EOYAmt07914875
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0916955
IRS990/OtherExpensesGrp/Desc0OPERATIONS EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER GENERAL & ADMIN
IRS990/OtherExpensesGrp/TotalAmt03776860
IRS990/OtherExpensesGrp/TotalAmt1731274
IRS990/OtherExpensesGrp/TotalAmt2549828
IRS990/OtherExpensesGrp/TotalAmt3262653
IRS990/OtherLiabilitiesGrp/BOYAmt0257833525
IRS990/OtherLiabilitiesGrp/EOYAmt0321953124
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0COMMISSION
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027981
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt125221
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt027981
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt125221
IRS990/OtherRevenueTotalAmt053202
IRS990/OtherSalariesAndWagesGrp/TotalAmt04990306
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0261883399
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0313326434
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0420053
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0475424
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RENEE OUELLETTE
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/RelatedOrExemptFuncIncomeAmt014798197
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11831942
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21280362
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3129495
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt455466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014798197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11831942
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21280362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3129495
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4119829
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt064363
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01260698
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt031500
IRS990/PYInvestmentIncomeAmt01326578
IRS990/PYOtherExpensesAmt08370561
IRS990/PYOtherRevenueAmt074668
IRS990/PYProgramServiceRevenueAmt017529687
IRS990/PYRevenuesLessExpensesAmt02867539
IRS990/PYSalariesCompEmpBnftPaidAmt06400635
IRS990/PYTotalExpensesAmt016063394
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018930933
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01134236
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0794260
IRS990/ReconcilationRevenueExpnssAmt03387079
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt031076832
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt035811936
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AdditionsDuringYearAmt01069579
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BeginningBalanceAmt0355813
IRS990ScheduleD/BuildingsGrp/BookValueAmt04137531
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02747615
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06885146
IRS990ScheduleD/DistributionsDuringYearAmt01087184
IRS990ScheduleD/EndingBalanceAmt0338208
IRS990ScheduleD/EquipmentGrp/BookValueAmt01028983
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04096185
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05125168
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt016471282
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01578333
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01578333
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0140832
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0729358
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0870190
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01348025
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0256082
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028415
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0284497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0321953124
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND SAVINGS ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt038943192
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt14616425
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21043300
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3371928
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS SECURITIES AVAILABLE FOR SALE
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT SECURITIES HELD TO MATURITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FEDERAL HOME LOAN BANK OF BOSTON STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc3INVESTMENTS - EQUITY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/RevenueNotReportedAmt01348025
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$385,646,309
Liabilities
$349,834,373
Net assets
$35,811,936
Revenue
$19,858,361
Expenses
$16,471,282
Net income
$3,387,079
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