UNIVERSITY CREDIT UNION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY CREDIT UNION (EIN 01-6028792)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-08-22
IRS object ID: 202342349349300624
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-08-22T09:30:13-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	010448006	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ALBIN RANDALL & BENNETT	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 445 130 MIDDLE STREET	AddressLine1Txt
City	PORTLAND	CityNm
State Abbreviation	ME	StateAbbreviationCd
ZIP	041120445	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	016028792	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UNIVERSITY CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	UNIV	BusinessNameControlTxt
Phone	2078898600	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 MAIN STREET	AddressLine1Txt
City	ORONO	CityNm
State Abbreviation	ME	StateAbbreviationCd
ZIP	04473	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BOB WILLIAMS	PersonNm
Person Title	CHIEF FINANCIAL OFFICER	PersonTitleTxt
Phone	2078898600	PhoneNum
Signature	2023-08-22	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BOB	PersonFirstNm
Person Last	WILLIAMS	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBIN L CYR	PreparerPersonNm
PTIN	P01261639	PTIN
Phone	2077721981	PhoneNum
Preparation	2023-08-22	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	RENEE OUELLETTE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 MAIN STREET	AddressLine1Txt
City	ORONO	CityNm
State Abbreviation	ME	StateAbbreviationCd
ZIP	04473	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$27,055,363	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.UCUMAINE.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1967	FormationYr
Legal Domicile State	ME	LegalDomicileStateCd
Activity Or Mission	HERE FOR U - DEDICATED TO PROMOTE FINANCIAL WELL-BEING FOR YOU AND YOUR COMMUNITY.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	113	TotalEmployeeCnt
Total Volunteers	9	TotalVolunteersCnt
Total Gross UBI	$134,753	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$19,082,321	PYProgramServiceRevenueAmt
CY Program Service Revenue	$19,781,608	CYProgramServiceRevenueAmt
PY Investment Income	$1,573,502	PYInvestmentIncomeAmt
CY Investment Income	$1,283,976	CYInvestmentIncomeAmt
PY Other Revenue	$52,343	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$20,708,166	PYTotalRevenueAmt
CY Total Revenue	$21,065,584	CYTotalRevenueAmt
PY Grants And Similar Paid	$110,926	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$32,750	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$724,283	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$815,735	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$7,782,671	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$8,726,856	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$7,511,245	PYOtherExpensesAmt
CY Other Expenses	$8,308,249	CYOtherExpensesAmt
PY Total Expenses	$16,129,125	PYTotalExpensesAmt
CY Total Expenses	$17,883,590	CYTotalExpensesAmt
PY Revenues Less Expenses	$4,579,041	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,181,994	CYRevenuesLessExpensesAmt
Total Assets BOY	$424,608,395	TotalAssetsBOYAmt
Total Assets EOY	$459,586,136	TotalAssetsEOYAmt
Total Liabilities BOY	$385,484,095	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$423,242,537	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$39,124,300	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$36,343,599	NetAssetsOrFundBalancesEOYAmt
Mission	HERE FOR U - DEDICATED TO PROMOTE FINANCIAL WELL-BEING FOR YOU AND YOUR COMMUNITY.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	THE CREDIT UNION HAS 28,401 MEMBERS AS OF 12/31/2022. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	8805	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	113	EmployeeCnt
Employment Tax Returns Filed	0	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	BOB WILLIAMS	PersonNm
Phone	2078898600	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 MAIN STREET	AddressLine1Txt
City	ORONO	CityNm
State Abbreviation	ME	StateAbbreviationCd
ZIP	04473	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
PICKERING TONYA
DIRECTOR	1.00	Yes (X)	$675	$0	$0
UHUAD BETSY
DIRECTOR	1.00	Yes (X)	$0	$0	$0
HENDERSON JON
DIRECTOR	1.00	Yes (X)	$0	$0	$0
HARR LUCY
DIRECTOR	1.00	Yes (X)	$0	$0	$0
WHITEHILL ENCY
CHAIRPERSON	1.00	Yes (X)	$0	$0	$0	Yes (X)
BORGMAN RICHARD
VICE CHAIRPERSON	1.00	Yes (X)	$0	$0	$0	Yes (X)
CHENEY CAROLYN
SECRETARY	1.00	Yes (X)	$0	$0	$0	Yes (X)
OUELLETTE RENEE D
PRESIDENT & CEO	40.00		$351,591	$0	$54,537	Yes (X)
WHITE-RIDEOUT DEB
EXEC VICE PRESIDENT	40.00		$213,399	$0	$44,409	Yes (X)
WILLIAMS ROBERT
CHIEF FINANCIAL OFFICER	40.00		$177,813	$0	$41,672	Yes (X)
GLEASON APRIL
CHIEF LENDING OFFICER	40.00		$161,521	$0	$40,099	Yes (X)
BYRAM EILEEN
CHIEF RISK OFFICER	40.00		$151,219	$0	$39,698	Yes (X)
BECK STEPHANIE
VP OF MARKETING	40.00		$139,289	$0	$11,885		Yes (X)
CARLISLE C JASON
MORTGAGE LOAN ORIGINATOR	40.00		$136,387	$0	$14,987		Yes (X)
FREIWALD PATRICIA
FINANCIAL ADVISOR	40.00		$134,953	$0	$19,587		Yes (X)
RUCKER KYLE
MORTGAGE ORIGINATION MANAGER	40.00		$125,263	$0	$26,491		Yes (X)
YOUNG STACEY
VP OF MEMBER SVCS-THRU NOV	40.00		$119,184	$0	$25,046		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,711,294	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$318,411	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	10	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
SYNERGENT
2 LEDGEVIEW DR	WESTBROOK	ME	04092	DATA PROCESSING	$1,459,512
PORTLAND SAFE CONSULTING & DESIGN INC
3 MALLISON FALLS RD	WINDHAM	ME	04062	EQUIPMENT & SERVICE SUPPORT	$261,901
SYSTEMS ENGINEERING
120 EXCHANGE ST	PORTLAND	ME	04101	IT SUPPORT	$232,021
PROPERTY VALUATION SERVICES INC
PO BOX 343	SOUTH FREEPORT	ME	04078	APPRAISALS	$175,520
OTELCO
56 CAMPUS DR	NEW GLOUCESTER	ME	04260	COMMUNICATIONS	$153,261

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN/FEE INCOME FROM MEMBERS	522100	$15,917,918	$15,904,455	$13,463
CHECK CARD	522100	$2,140,128	$2,140,128
OVERDRAFT FEES	522100	$1,271,284	$1,271,284
OTHER INCOME	522100	$268,073	$224,027	$44,046
ATM FEES	522100	$184,205	$106,961	$77,244

Field	Value	IRS element (for citing)
Total Program Service Revenue	$19,781,608	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,173,974	TotalRevenueColumnAmt
Exclusion	$1,173,974	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$215,269	SecuritiesAmt
Other	$5,884,512	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$184,613	SecuritiesAmt
Other	$5,805,166	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$30,656	SecuritiesAmt
Other	$79,346	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$110,002	TotalRevenueColumnAmt
Related Or Exempt Func Income	$110,002	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$21,065,584	TotalRevenueColumnAmt
Related Or Exempt Func Income	$19,756,857	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$134,753	UnrelatedBusinessRevenueAmt
Exclusion	$1,173,974	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$32,750	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$815,735	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,249,152	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$5,477,905	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$496,816	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,000,556	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$502,427	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$70,504	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$32,958	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$399,967	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$634,890	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$656,632	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$105,780	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$433,857	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$777,100	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$15,066	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
OPERATIONS EXPENSE	$4,431,229
LOAN SERVICE EXPENSE	$412,983
TRAINING AND OTHER G&A	$185,342
PROVISION FOR LOAN LOSS	$151,941

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$17,883,590	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$12,127,884	BOYAmt
EOY	$17,100,372	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$1,165,005	BOYAmt
EOY	$3,011,879	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$351,335,862	BOYAmt
EOY	$380,906,575	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$15,678,192	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$8,712,622	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$6,685,424	BOYAmt
EOY	$6,965,570	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$43,896,105	BOYAmt
EOY	$41,995,237	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$9,398,115	BOYAmt
EOY	$9,606,503	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$424,608,395	BOYAmt
EOY	$459,586,136	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,498,373	BOYAmt
EOY	$2,652,444	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$1,953,932	BOYAmt
EOY	$1,986,508	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$6,500,000	BOYAmt
EOY	$37,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$374,531,790	BOYAmt
EOY	$381,603,585	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$385,484,095	BOYAmt
EOY	$423,242,537	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$39,124,300	BOYAmt
EOY	$36,343,599	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$39,124,300	BOYAmt
EOY	$36,343,599	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$424,608,395	BOYAmt
EOY	$459,586,136	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$3,181,994	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$5,962,695	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	Yes (1)	AgentTrusteeEtcInd
Beginning Balance	$333,497	BeginningBalanceAmt
Additions During Year	$1,120,834	AdditionsDuringYearAmt
Distributions During Year	$1,132,357	DistributionsDuringYearAmt
Ending Balance	$321,974	EndingBalanceAmt
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,613,608	OtherCostOrOtherBasisAmt
Book Value	$1,613,608	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,626,252	OtherCostOrOtherBasisAmt
Depreciation	$3,331,093	DepreciationAmt
Book Value	$4,295,159	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$806,057	OtherCostOrOtherBasisAmt
Depreciation	$677,706	DepreciationAmt
Book Value	$128,351	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,467,506	OtherCostOrOtherBasisAmt
Depreciation	$4,693,736	DepreciationAmt
Book Value	$773,770	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$164,769	OtherCostOrOtherBasisAmt
Depreciation	$10,087	DepreciationAmt
Book Value	$154,682	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$6,965,570	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
INVESTMENT SECURITIES AVAILABLE FOR SALE	$37,769,763	F
INVESTMENT SECURITIES HELD TO MATURITY	$2,238,662	F
FEDERAL HOME LOAN BANK OF BOSTON STOCK	$1,692,400	F
INVESTMENTS - EQUITY SECURITIES	$294,412	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$41,995,237	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARE AND SAVINGS ACCOUNT	Desc
Amt	$381,603,585	Amt

Field	Value	IRS element (for citing)
Total Liability	$381,603,585	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$15,104,000	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$5,962,695	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$5,962,695	RevenueNotReportedAmt
Revenue Subtotal	$21,066,695	RevenueSubtotalAmt
Other Revenues Not Included	-$1,111	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$1,111	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$21,065,584	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$17,884,701	TotExpnsEtcAuditedFinclStmtAmt
Losses Reported	$1,111	LossesReportedAmt
Expenses Not Reported	$1,111	ExpensesNotReportedAmt
Expenses Subtotal	$17,883,590	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$17,883,590	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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
PART XI, LINE 4B - OTHER ADJUSTMENTS:	LOSS ON SALE OF PROPERTY/EQUIPMENT -1,111.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Purpose Of GrantPurposeOfGrantTxt
UNIVERSITY OF MAINE FOUNDATION
TWO ALUMNI PLACE	ORONO	ME	044695792	016011501	501(C)(3)	$20,000	$0	CASH	CHARITABLE SUPPORT
UNIVERSITY OF SOUTHERN MAINE FOUNDATION
P O BOX 9300	PORTLAND	ME	041049300	016000769	501(C)(3)	$12,000	$0	CASH	CHARITABLE SUPPORT

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION ENSURES THAT THE RECIPIENT ORGANIZATION IS A QUALIFIED SECTION 501(C)(3) PUBLIC CHARITY. CONTRIBUTIONS ARE UNRESTRICTED AND TO BE USED FOR THE DONEE'S EXEMPT PURPOSE. NO GRANT MONITORING IS DEEMED NECESSARY. THE ORGANIZATION HAS RECEIVED RECEIPTS OF ACKNOWLEDGEMENT AS SUBSTANTIATION FOR THESE CONTRIBUTIONS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
OUELLETTE RENEE D
PRESIDENT & CEO	$325,800	$0	$12,397	$0	$13,394	$0	$27,084	$0	$27,453	$0	$406,128	$0	$0	$0
WHITE-RIDEOUT DEB
EXEC VICE PRESIDENT	$202,855	$0	$8,717	$0	$1,827	$0	$16,956	$0	$27,453	$0	$257,808	$0	$0	$0
WILLIAMS ROBERT
CHIEF FINANCIAL OFFICER	$171,170	$0	$6,309	$0	$334	$0	$14,219	$0	$27,453	$0	$219,485	$0	$0	$0
GLEASON APRIL
CHIEF LENDING OFFICER	$148,737	$0	$11,926	$0	$858	$0	$12,903	$0	$27,196	$0	$201,620	$0	$0	$0
BYRAM EILEEN
CHIEF RISK OFFICER	$143,557	$0	$6,655	$0	$1,007	$0	$11,469	$0	$28,229	$0	$190,917	$0	$0	$0
FREIWALD PATRICIA
FINANCIAL ADVISOR	$80,042	$0	$54,720	$0	$191	$0	$5,011	$0	$14,576	$0	$154,540	$0	$0	$0
RUCKER KYLE
MORTGAGE ORIGINATION MANAGER	$79,227	$0	$45,929	$0	$107	$0	$9,973	$0	$16,518	$0	$151,754	$0	$0	$0
CARLISLE C JASON
MORTGAGE LOAN ORIGINATOR	$25,510	$0	$110,841	$0	$36	$0	$9,558	$0	$5,429	$0	$151,374	$0	$0	$0
BECK STEPHANIE
VP OF MARKETING	$132,253	$0	$6,790	$0	$246	$0	$10,821	$0	$1,064	$0	$151,174	$0	$0	$0

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (5 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
DEB WHITE-RIDEOUT
OFFICER	SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN	Yes (X)	$445,000	$527,634	0	Yes (1)	Yes (1)
DEB WHITE-RIDEOUT
OFFICER	SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN	Yes (X)	$905,500	$921,178	0	Yes (1)	Yes (1)
RENEE OUELLETTE
OFFICER	SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN	Yes (X)	$450,000	$480,993	0	Yes (1)	Yes (1)
RENEE OUELLETTE
OFFICER	SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN	Yes (X)	$616,000	$626,840	0	Yes (1)	Yes (1)
EILEEN BYRAM
OFFICER	SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN	Yes (X)	$445,000	$455,234	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$3,011,879	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.