2023-05-02T08:35:04-05:00 2022-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2022-01-01 010248224 MAINE CREDIT UNION LEAGUE MAIN 2077735671 PO BOX 1236 PORTLAND ME 041045024 TODD MASON PRESIDENT 2077735671 2023-04-27 1 TODD MASON 999009999 0 BRAD WELLER CPA P00285183 2077745701 2023-04-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TODD MASON PO BOX 1236 PORTLAND ME 041045024 1880069 0 X MAINECUL.ORG X 1938 ME THE LEAGUE PROVIDES EDUCATION, TRAINING AND PROMOTION OF CREDIT UNION SERVICES TO MEMBER CREDIT UNIONS. 12 12 0 12 0 0 0 0 1127034 1379442 77475 88454 417672 412173 1622181 1880069 0 0 0 0 0 0 0 0 0 1662189 1686509 1662189 1686509 -40008 193560 3478301 3759148 18182 104751 3460119 3654397 HELP CREDIT UNIONS SUCCEED, AND IMPROVE THE FINANCIAL LIVES OF THEIR MEMBERS. 0 0 HELP CREDIT UNIONS SUCCEED, AND IMPROVE THE FINANCIAL LIVES OF THEIR MEMBERS. 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 15 0 1 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 1 1 0 1 1 0 0 0 1 0 0 0 0 1 1 0 X CRIS WESCOTT 2077735671 PO BOX 1236 PORTLAND ME 041045024 JOHN A DOE VICE CHAIR 1.00 X X 0 0 0 BASIL CLOSSON SECRETARY 1.00 X X 0 0 0 JASON LINDSTROM DIRECTOR 1.00 X 0 0 0 JULIE MARQUIS DIRECTOR 1.00 X 0 0 0 CHRISTINE DEVINE TREASURER 1.00 X X 0 0 0 DAVID DESJARDINS CHAIR 1.00 X X 0 0 0 MARK SAMSON DIRECTOR 1.00 X 0 0 0 DAN CUMMINGS DIRECTOR 1.00 X 0 0 0 JOSEPH GERVAIS DIRECTOR 1.00 X 0 0 0 JOANN BISSON DIRECTOR 1.00 X X 0 0 0 SCOTT CHRETIEN DIRECTOR 1.00 X 0 0 0 LUKE LABBE DIRECTOR 1.00 X 0 0 0 TODD MASON PRESIDENT/CEO 40.00 1.00 X 0 553796 58397 CRIS WESCOTT SVP - ACCOUNTING & FINANCE 40.00 1.00 X 0 312752 72254 CHERYL LANCASTER FORMER KEY EMPLOYEE 1.00 40.00 X 0 283695 48392 0 1150243 179043 0 1 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 MGMT & ADMIN SERVICES 852000 1 MEMBERSHIP DUES 541860 1139544 1139544 EDUCATION/CERTIFICATIO 611710 239898 239898 1379442 88454 88454 CUNA MARKETING AGREEME 541800 205843 205843 VOLUNTARY AWARENESS CA 561000 174651 174651 OTHER 561000 33000 33000 -1321 -1321 412173 1880069 1792936 0 87133 852000 66364 53072 131409 10848 41400 22800 129527 11894 NATIONAL DUES 245262 TRAINING EXPENSE 48017 OTHER PROGRAM EXPENSE 37610 COMPLIANCE EXPENSE 15499 20807 1686509 1633299 1920829 84498 96508 50052 31359 1710452 1710452 3478301 3759148 18182 33103 71648 18182 104751 X 3441076 3635221 19043 19176 3460119 3654397 3478301 3759148 X 193560 718 X 0 1 X 1 0 1 0 0 19043 134 19177 19034 9 19043 18990 44 19034 18729 261 18990 18528 201 18729 1.00000 0 0 0 TRICORP FEDERAL CREDIT UNION 8293 C SYNERGENT 1402135 C CUSO MORTGAGE CORPORATION 250000 C CUNA STRATEGIC SERVICE, INC. 24 C CREDIT UNION HOUSE, LLC 50000 C 1710452 X 1635525 0 1635525 244544 244544 1880069 1441247 0 1441247 245262 245262 1686509 PART V, LINE 4: ENDOWMENT FUNDS CONSIST OF THE TRAINING ENDOWMENT FUND, WHICH IS RESTRICTED IN PERPETUITY AS TO THE ORIGINAL CONTRIBUTIONS. INTEREST INCOME EARNED FROM THE TRAINING ENDOWMENT FUND IS DESIGNATED FOR EDUCATION AND TRAINING OF CREDIT UNION EMPLOYEES. PART X, LINE 2: THE LEAGUE HAS OBTAINED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE CLASSIFYING THE LEAGUE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE LEAGUE'S TAX POSITIONS AND CONCLUDED THAT AS OF DECEMBER 31, 2022 AND 2021, MANAGEMENT DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. IN ADDITION, THE LEAGUE HAD NO ACCRUALS FOR INTEREST AND PENALTIES AT DECEMBER 31, 2022 AND 2021. THE LEAGUE IS SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAXING AUTHORITIES FOR THE YEARS ENDED DECEMBER 31, 2019 THROUGH DECEMBER 31, 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: CREDIT UNION HOUSE LLC K-1 ACTIVITY -718. NATIONAL DUES 245,262. PART XII, LINE 4B - OTHER ADJUSTMENTS: NATIONAL DUES 245,262. 0 0 0 TODD MASON PRESIDENT/CEO 0 472058 0 79944 0 1794 0 26674 0 31723 0 612193 0 0 CRIS WESCOTT SVP - ACCOUNTING & FINANCE 0 262595 0 48693 0 1464 0 26801 0 45453 0 385006 0 0 CHERYL LANCASTER FORMER KEY EMPLOYEE 0 219263 0 46148 0 18284 0 12446 0 35946 0 332087 0 0 PART I, LINE 3 THE PRESIDENT OF MAINE CREDIT UNION LEAGUE IS PAID BY THE RELATED ENTITY, WHICH PURCHASES DATA ON COMPARABLE SALARY RANGES FROM AN INDEPENDENT FIRM. FORM 990, PART VI, SECTION A, LINE 3 THE LEAGUE HAS ENTERED INTO AN AGREEMENT WITH SYNERGENT IN WHICH SYNERGENT EMPLOYEES PROVIDE MANAGEMENT AND ADMINISTRATIVE SERVICES, EDUCATION AND TRAINING, MARKETING/STATEWIDE AWARENESS/COMMUNICATIONS AND GOVERNMENT AFFAIRS AND COMPLIANCE SERVICES TO THE LEAGUE. THE FOLLOWING CURRENT OR FORMER OFFICERS AND KEY EMPLOYEES LISTED IN PART VII, SECTION A WERE COMPENSATED BY SYNERGENT DURING 2022. THE COMPENSATION LISTED ON PART VII, SECTION A REPRESENTS COMPENSATION THESE INDIVIDUALS RECEIVED FOR SERVICES PROVIDED TO THE LEAGUE AND SYNERGENT (A RELATED ORGANIZATION AS WELL AS THE MANAGEMENT COMPANY): -TODD MASON -CRIS WESCOT -CHERYL LANCASTER FORM 990, PART VI, SECTION A, LINE 6 CREDIT UNION MEMBERS HAVE THE RIGHT TO APPOINT TWO VOTING DELEGATES. THESE DELEGATES VOTE AT THE ANNUAL MEETING TO ELECT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE DELEGATES APPOINTED BY THE CREDIT UNION MEMBERS HAVE THE RIGHT TO ELECT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS AND APPROVES THE FORM 990 TAX RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO AND SVP OF ACCOUNTING & FINANCE OF MAINE CREDIT UNION LEAGUE ARE PAID BY SYNERGENT, WHICH PURCHASES DATA ON COMPARABLE SALARY RANGES FROM AN INDEPENDENT FIRM. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CREDIT UNION HOUSE LLC K-1 ACTIVITY 718. MAINE CU'S CAMPAIGN FOR ENDING HUNGER PO BOX 1236 PORTLAND ME 041045024 261720415 RAISING FUNDS FOR HUNGER ORGS AND FOOD PANTRIES IN MAINE ME 501(C)(3) 11 T1 MECUL 0 TAKE A CHANCE TO END HUNGER IN MAINE PO BOX 1236 PORTLAND ME 041045024 900558196 FUNDRAISING ME 501(C)(3) 509(A)(2) MECUL 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 010311732 DATA PROCESSING ME MECUL C 759221 21605386 0.92310 1 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 SYNERGENT M 852000 BOOK VALUE SYNERGENT F 70106 BOOK VALUE