2025-05-08T14:25:27-05:00 2024-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2024-01-01 010261795 FIVE COUNTY CREDIT UNION FIVE 2074433528 765 WASHINGTON STREET BATH ME 04530 JULIE A MARQUIS CEO & TREASURER 2074433528 2025-05-08 1 1 JULIA HOWLAND CPA P01711658 2077745701 2025-05-07 2024 2025-03-06 01:10:19Z JULIE A MARQUIS 765 WASHINGTON STREET BATH ME 04530 26221008 0 X WWW.FIVECOUNTY.COM X 1956 ME DELIVERING TRUE CONVENIENCE THROUGH EXTENDED HOURS, MODERN & TRADITIONAL BANKING SERVICES AND TRUSTED SOLUTIONS. 7 7 158 11 537479 0 0 0 16921906 20056667 3327791 2556966 3348991 3601525 23598688 26215158 0 0 1207541 3084151 11133796 12582000 0 0 0 8210504 8327077 20551841 23993228 3046847 2221930 358165631 384217441 324765719 348487099 33399912 35730342 DELIVERING TRUE CONVENIENCE THROUGH EXTENDED HOURS, MODERN & TRADITIONAL BANKING SERVICES AND TRUSTED SOLUTIONS. 0 0 FIVE COUNTY CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PERSONS WHO LIVE OR WORK IN THE COUNTIES OF ANDROSCOGGIN, CUMBERLAND, LINCOLN, KENNEBEC, SAGADAHOC, WALDO, SOMERSET, AND KNOX, MAINE, ALL ACTIVE AND RETIRED EMPLOYEES OF BATH IRON WORKS, AND RELATIVES OF ELIGIBLE MEMBERS. THE CREDIT UNION'S PRIMARY ACTIVITY IS PROVIDING LOANS TO MEMBERS AND THEIR FAMILIES. AS OF 12/31/24, FIVE COUNTY CREDIT UNION SERVES 30,884 MEMBERS AND HAS TOTAL DEPOSITS OF $341,307,115. IN ADDITION, THE CREDIT UNION HAS 24,312 OUTSTANDING LOANS TO MEMBERS WITH A TOTAL BALANCE OF $289,749,883 AT 12/31/2024. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 5378 0 158 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KENNETH H STOCKFORD 2074433528 765 WASHINGTON STREET BATH ME 04530 ROBERT BREWER CHAIRMAN 1.00 X X 0 0 0 MERLIN SUGGS VICE CHAIRMAN 1.00 X X 0 0 0 MONA FAULTER SECRETARY/TREASURER 1.00 X X 0 0 0 A BOSICA DIRECTOR 1.00 X 0 0 0 PETER DECOURCY DIRECTOR 1.00 X 0 0 0 SAM MAY DIRECTOR 1.00 X 0 0 0 BRUCE WILSON DIRECTOR 1.00 X 0 0 0 JULIE A MARQUIS PRESIDENT & CEO 40.00 X 598847 0 60486 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/C 40.00 X 300224 0 46132 TERRI RYAN SVP ADMINISTRATION 40.00 X 689488 0 41636 MICHAEL FOLEY SVP SUPPORT SERVICES/CGO 40.00 X 274361 0 45427 LYNN FARMER SVP HUMAN RESOURCES 40.00 X 188478 0 28792 JENNIFER ANDERSEN SVP RETAIL SERVICES/COO 40.00 X 242401 0 32184 SCOTT BUDDE SVP STRATEGIC DEVELOPMENT 40.00 X 112086 0 1684 2405885 0 256341 7 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 SERVICE BUREAU 1131104 DIEBOLD NIXDORF INC PO BOX 643543 PITTSBURGH PA 15264 ATM/SECURITY 257688 PORTLAND SAFE PO BOX 11021 LEWISTON ME 04243 COMMUNICATIONS 254924 ALKAMI TECHNOLOGY PO BOX 122223 DALLAS TX 75312 ELECTRONIC BANKING 234674 STRUM AGENCY 2033 6TH AVE STE 600 SEATTLE WA 98121 REBRANDING 193787 9 INTEREST INCOME 522100 16119723 16119723 MEMBER SERVICE FEES 522100 3936944 3936944 20056667 2534432 2534432 28384 0 5850 28384 -5850 22534 22534 MISCELLANEOUS FEE INCOME 522100 3033648 3033648 ATM FEES 525990 301867 30398 271469 INSURANCE INCOME 524113 266010 266010 3601525 26215158 23120713 537479 2556966 3084151 1005689 8963651 774038 1106124 732498 66910 225219 564082 739919 262917 1478737 218922 1634 789923 157233 OTHER OPERATING EXPENSE 3130643 PROVISION FOR LOAN LOSS 690938 23993228 4519344 5282035 55483600 55223374 956327 956327 263852296 288464898 869975 1171607 20937452 10886683 10294296 10050769 5386381 4865937 6738298 6797851 10065114 11404643 358165631 384217441 7126447 5431687 370048 131300 317269224 342924112 324765719 348487099 X 0 0 0 0 33399912 35730342 33399912 35730342 358165631 384217441 X 2221930 108500 X 0 1 X 1 0 9409 PART I-A, LINE 1: $5,829 OF THE DUES PAID BY FIVE COUNTY CREDIT UNION TO THE MAINE CREDIT UNION LEAGUE IN 2024 WERE USED TOWARDS LEGISLATION ACTION. $3,580 IN EXPENSES FOR PARTICIPATION IN GAC. 0 1 X 1989763 1989763 11566845 4448349 7118496 289656 286471 3185 7091188 6151863 939325 10050769 MEMBERS' SHARES & SAVINGS ACCOUNTS 341175815 LEASE OBLIGATIONS - OPERATING 1748297 342924112 X 26215158 0 26215158 0 26215158 23993228 0 23993228 0 23993228 PART IV, LINE 2B: HELD BACK COMMERCIAL LOANS. WHEN FUNDS ARE REQUESTED BLS VISITS THE PROPERTY AND APPROVES OR DECLINES THE FUNDS. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. X 1 1 X X X X 0 1 0 TERRI RYAN SVP ADMINISTRATION 168991 0 506301 0 14196 0 21217 0 20419 0 731124 0 0 0 JULIE A MARQUIS PRESIDENT & CEO 324607 0 66180 0 208060 0 33653 0 26833 0 659333 0 0 0 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/C 166149 0 38218 0 95857 0 20287 0 25845 0 346356 0 0 0 MICHAEL FOLEY SVP SUPPORT SERVICES/CGO 159662 0 37948 0 76751 0 19639 0 25788 0 319788 0 0 0 JENNIFER ANDERSEN SVP RETAIL SERVICES/COO 146183 0 37350 0 58868 0 15910 0 16274 0 274585 0 0 0 LYNN FARMER SVP HUMAN RESOURCES 147940 0 32829 0 7709 0 18078 0 10714 0 217270 0 0 0 PART I, LINE 1A TERRI AND LYNN PARTICIPATE IN 457(F). PART I, LINE 4B TERRI AND LYNN PARTICIPATE IN 457(F). JULIE MARQUIS CEO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 478679 478679 0 1 1 KEN STOCKFORD SVP FINANCE & TECHNOLOGY/CFO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 477648 477648 0 1 1 956327 FORM 990, PART VI, SECTION A, LINE 6 FIVE COUNTY CREDIT UNION OFFERS MEMBERSHIP TO ANYONE WHO WORKS, RESIDES OR WORSHIPS IN ANDROSCOGGIN, CUMBERLAND, FRANKLIN, KENNEBEC, KNOX, LINCOLN, OXFORD, PENOBSCOT, PISCATAQUIS, SAGADAHOC, SOMERSET, OR WALDO COUNTY. MEMBERSHIP IS ALSO AVAILABLE TO EMPLOYEES OF BATH IRON WORKS, EMPLOYEES OF FIVE COUNTY FEDERAL CREDIT UNION AND RELATIVES OF ALL SUCH EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 7A FIVE COUNTY CREDIT UNION MEMBERS OWN THE CREDIT UNION. MEMBERS ARE ENTITLED TO ELECT, AND BE ELECTED TO THE VOLUNTEER BOARD OF DIRECTORS, WHICH IS COMPOSED OF FELLOW MEMBERS AND SETS POLICIES FOR THE OPERATION OF THE CREDIT UNION BASED ON THE NEEDS AND WISHES OF MEMBERS. THE BOARD OF DIRECTORS SETS DIVIDEND RATES, LOAN INTEREST RATES, AND FEES AMONG OTHER THINGS, AND ALSO DETERMINES CREDIT UNION POLICY. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF FORM 990, THE GOVERNING BODY REVIEWS THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY BY BOARD OF DIRECTORS. THE BOARD OF DIRECTORS AND MANAGEMENT WATCH FOR INSTANCES OF ANY CONFLICT OF INTEREST AT ALL TIMES. FORM 990, PART VI, SECTION B, LINE 15 FIVE COUNTY CREDIT UNION USES COMPEASE SALARY ADMINISTRATION PROGRAM TO DETERMINE COMPENSATION OF THE CREDIT UNION'S OFFICERS AND KEY EMPLOYEES. ADDITIONALLY, YEARLY COMPENSATION REVIEWS ARE PERFORMED FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FIVE COUNTY CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE DISPLAYED IN LOBBIES. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE GAIN 108,500.