2023-08-21T10:18:23-05:00 2022-12-31 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2022-01-01 010213357 DOWNEAST CREDIT UNION DOWN 8004271223 PO BOX 130 BAILEYVILLE ME 04694 JOSEPH MOSES PRESIDENT/CEO 8004271223 2023-08-21 1 JOSEPH MOSES XXX-XX-XXXX 0 ROBIN L CYR P01261639 2077721981 2023-08-21 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSEPH MOSES PO BOX 130 BAILEYVILLE ME 04694 14151528 0 X WWW.DOWNEASTCU.COM X 2006 ME TO PROVIDE FINANCIAL SERVICES, INCLUDING DEPOSIT ACCOUNTS AND LOANS, TO CREDIT UNION MEMBERS. 5 5 102 7 1551701 3960 0 0 12250032 11867038 12923 218383 2732516 2066107 14995471 14151528 0 0 0 0 6049056 6035194 0 0 0 4971823 4742745 11020879 10777939 3974592 3373589 256516237 269624837 232537564 242272575 23978673 27352262 TO PROVIDE FINANCIAL SERVICES, INCLUDING DEPOSIT ACCOUNTS AND LOANS, TO CREDIT UNION MEMBERS. 0 0 THE PROCUREMENT OF FINANCIAL SERVICES INCLUDING, BUT NOT LIMITED TO, THE EXTENSION OF LOANS AND THE HOUSING OF DEPOSITS FOR MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 2265 0 1 102 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JOSEPH MOSES 8004271223 PO BOX 130 BAILEYVILLE ME 04694 ENMAN JAMES DIRECTOR 1.00 X 7156 0 0 WHALEN MIKE DIRECTOR 1.00 X 7156 0 0 CURTIS ROBERT VICE CHAIRMAN 1.00 X X 7156 0 0 MANZA JOSEPH SECRETARY 1.00 X X 7156 0 0 POTTLE MASON CHAIRMAN 1.00 X X 7156 0 0 MOSES JOSEPH PRESIDENT & CEO 40.00 X 328807 0 40006 FLEMING MATTHEW CFO 40.00 X 184182 0 30816 LANIER TONIA SVP OF LENDING & BRANCH OP 40.00 X 184367 0 22289 TOMAH BETTE SVP OF INTERNAL OPERATIONS 40.00 X 154245 0 22506 HAMILTON JILL VP ACCOUNTING 40.00 X 161205 0 13115 SHERRARD CHRISTOPHER IT DIRECTOR 40.00 X 141623 0 14470 JOHANSEN STACY PRESIDENT, DEI 40.00 X 134387 0 9366 1324596 0 152568 7 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 OPERATING SYSTEM 392724 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 000740641 MOBILE AND WEB SERVICES 266116 DIEBOLD NIXDORF INC PO BOX 643543 PITTSBURGH PA 152643543 SECURITY SERVICES 150740 CDW 200 NORTH MILWAUKEE AVENUE VERNON HILLS IL 60061 COMPUTER HARWARE VENDOR 149235 4 INTEREST ON LOANS TO MEMBERS 522100 9486526 9486526 VISA INTERCHANGE - RELATED 522100 1448287 1448287 SERVICE FEE INCOME - RELATED 522100 932225 756761 175464 11867038 218383 218383 SUBSIDIARY FEE INCOME 525990 1468669 161014 1307655 NON-INT INCOME-MEMBERS 524298 597438 528856 68582 2066107 14151528 12381444 1551701 218383 587204 4368556 173744 526065 379625 9056 89265 380553 192467 1457783 71230 465842 43797 725 1389 664728 93573 DIVIDENDS ON MEMBERS' S 1041528 BANK SERVICES AND CHARG 857351 DUES & SUBSCRIPTIONS PR 28402 PROVISIONS FOR RETURN C 12000 -666944 10777939 24221106 9821296 26303152 4170 79966 43623 174955702 220769494 6917649 7573319 12904506 4685155 8170261 8219351 11248864 17493613 4619537 5699971 256516237 269624837 1622798 3304556 230914766 238968019 232537564 242272575 X 0 0 0 0 23978673 27352262 23978673 27352262 256516237 269624837 3373589 0 X 0 0 0 2003916 2003916 6904111 2111297 4792814 3813751 2455875 1357876 182728 117983 64745 8219351 FHLB INVESTMENT 148500 C TRICORP INVESTMENT 254143 C CONSOLIDATED SOLUTIONS INVESTMENT 208245 C CULANE INVESTMENT 893886 C BAY FINANCIAL INVESTMENT 402467 C DOWNEAST INSURANCE INVESTMENT 4126372 C CERTIFICATES AT BANKS AND CREDIT UNIONS 11440000 C CO-OP INVESTMENT 20000 C 17493613 MEMBERS' SHARE ACCOUNTS 238968019 238968019 X X 0 0 0 MOSES JOSEPH PRESIDENT & CEO 269245 0 59562 0 0 0 10931 0 29075 0 368813 0 0 0 FLEMING MATTHEW CFO 160846 0 23336 0 0 0 6117 0 24699 0 214998 0 0 0 LANIER TONIA SVP OF LENDING & BRANCH OP 169210 0 15157 0 0 0 4683 0 17606 0 206656 0 0 0 TOMAH BETTE SVP OF INTERNAL OPERATIONS 147448 0 6797 0 0 0 4900 0 17606 0 176751 0 0 0 HAMILTON JILL VP ACCOUNTING 110705 0 50500 0 0 0 3523 0 9592 0 174320 0 0 0 SHERRARD CHRISTOPHER IT DIRECTOR 141123 0 500 0 0 0 4878 0 9592 0 156093 0 0 0 ROBERT PROULX ASSOCIATE DIRECTOR 5000 CASH MATCHED EMPLOYEE CONTRIBUTIONS FOR TRAVEL COSTS TO TREAT SON'S BRAIN TUMOR FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MERGERS ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE BOARD OF DIRECTORS BOTH REVIEW A COPY OF THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A COMPLIANCE DEPARTMENT THAT MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OTHER OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY BOTH A CUNA SALARY SURVEY AND THE BOARD OF DIRECTORS. THIS SALARY SURVEY IS REVIEWED BY THE CEO, CFO AND VP OF HR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN ALL BRANCH LOBBIES FOR THE ORGANIZATION. ALL OTHER INFORMATION AVAILABLE UPON REQUEST. 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR. DOWNEAST INSURANCE LLC PO BOX 130 23RD AVENUE BAILEYVILLE ME 04694 010537469 INSURANCE BROKERAGE SERVICES TO CREDIT UNION MEMBERS ME 969404 4194682 DOWNEAST CREDIT UNION CONSOLIDATED SOLUTIONS LLC PO BOX 130 23RD AVENUE BAILEYVILLE ME 04694 010542492 INDIRECT LENDING FOR PARTICIPATING CREDIT UNIONS ME 0 208245 DOWNEAST CREDIT UNION BAY FINANCIAL LLC PO BOX 130 23RD AVENUE BAILEYVILLE ME 04694 200361756 FINANCIAL SERVICES FOR SMALL BUSINESSES (DORMANT IN 2020) ME 0 402467 DOWNEAST CREDIT UNION CULANE LLC PO BOX 130 BAILEYVILLE ME 04694 823810485 CREDIT UNION SERVICE ORGANIZATION ME DOWNEAST CREDIT UNION RELATED 465585 962628 0 4960 1 0.70000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 CULANE LLC Q 37800 CASH