2022-04-28T15:08:55-05:00 2021-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2021-01-01 010409063 CONNECTED CREDIT UNION CONN 2076233857 PO BOX 1096 AUGUSTA ME 043321096 RICHARD LACHANCE CEO 2076233857 2022-04-27 1 RICHARD LACHANCE 999009999 JULIA HOWLAND CPA P01711658 2077745701 2022-04-27 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z RICHARD LACHANCE PO BOX 1096 AUGUSTA ME 043321096 4207093 0 X WWW.CONNECTEDCREDITUNION.ORG X 1967 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 9 9 31 17 42136 0 0 0 2790379 2665337 511624 439473 1142751 1099750 4444754 4204560 0 0 447663 282285 1608780 1555799 0 0 0 2016124 1848129 4072567 3686213 372187 518347 107608255 117326918 98118893 107319209 9489362 10007709 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES 0 0 3686212 THE CREDIT UNION HAS 8,396 MEMBERS AS OF 12/31/21. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 3686212 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 4 0 1 31 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X KELLEY WATHEN 2076233857 PO BOX 1096 AUGUSTA ME 043321096 JOHN CASSIDY CHAIRMAN 0.00 X X 0 0 0 PATRICIA HEWETT SECRETARY 0.00 X X 0 0 0 HEATHER BROWNE DIRECTOR 0.00 X 0 0 0 DENNIS SCATES DIRECTOR 0.00 X 0 0 0 RICHARD GRINDALL DIRECTOR 0.00 X 0 0 0 MILES WHITLOCK DIRECTOR 0.00 X 0 0 0 ISAAC DYER DIRECTOR 0.00 X 0 0 0 PATRICIA SUGA DIRECTOR 0.00 X 0 0 0 KAREN HARRINGTON DIRECTOR 0.00 X 0 0 0 RICHARD LACHANCE CEO 40.00 X 131720 0 36459 KELLEY WATHEN CFO 40.00 X 75360 0 21151 CATHY BOND PRESIDENT 40.00 X 114595 0 29157 LYNN STRATTON VISE-PRESIDENT LENDING 40.00 X 103023 0 27225 424698 0 113992 3 0 1 0 SYNERGENT 2 LEDGEVIEW DRIVE WESTBROOK ME 04096 DATA PROCESSING, MARKETING, CARD SERVICE 523616 1 LOAN INCOME FROM MEMBE 522100 2665337 2665337 2665337 442006 442006 2533 -2533 -2533 -2533 WARRANTY FEES 522100 970227 970227 OTHER INCOME 522100 129523 87387 42136 1099750 4204560 3722951 42136 439473 282285 538689 780598 236512 126586 122249 43976 286525 153730 44 153053 SERVICE CHARGES 519033 LOAN SERVICING EXPENSE 152190 POSTAGE 45463 MISC. OPERATING EXPENSE 40272 205008 3686213 1328871 1016218 8612138 5140127 53963280 53462685 320211 296250 3153615 662801 2949940 2490814 35402000 42467762 5031815 12453062 107608255 117326918 98118893 107319209 98118893 107319209 X 0 0 0 0 9489362 10007709 9489362 10007709 107608255 117326918 518347 0 X 0 0 0 501259 501259 2301543 450017 1851526 350813 212784 138029 2490814 OTHER INVESTMENTS 42467762 C 42467762 INSURANCE FUNDING 995366 TRICORP - PCC 139978 OTHER ASSETS 4324156 DEBENTURE 30000 EBA - FEDERAL RESERVE 6000000 GOODWILL 963562 12453062 X X X 0 0 0 RICHARD LACHANCE CEO 126346 0 5374 0 0 0 9663 0 26796 0 168179 0 0 0 RICHARD P LACHANCE CEO SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT X 500000 500000 0 1 1 500000 ERIC LACHANCE SON OF CEO 12911 LANDSCAPING SERVICES 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAD 8,396 MEMBERS AS OF 12/31/2021. FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATION HAD MEMBERS AUTHORIZED TO APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B SOME GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS, SUCH AS ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED FORM 990, PART VI, SECTION B, LINE 12C IT IS PART OF THE SWEARING IN OF OFFICERS. ANNUALLY, EACH OFFICER RECEIVES A COPY OF THE POLICY AND SIGNS OFF THAT IT IS ADHERED TO. FORM 990, PART VI, SECTION B, LINE 15 WE USE A THIRD PARTY SALARY COMPARISON PROGRAM WITH UPDATED RANGES OF SALARY BASED ON JOB DESCRIPTION AND GEOGRAPHICAL LOCATION. THIS PROGRAM IS UPDATED AND REFERRED TO ANNUALLY BY A COMMITTEE OF THE BOARD FOR PURPOSES OF DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICY IS AVAILABLE FROM THE CEO. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE PROVIDED TO ATTENDEES AT THE ANNUAL MEETING.