2022-06-16T12:58:16-05:00 2021-12-31 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2021-01-01 016028792 UNIVERSITY CREDIT UNION UNIV 2078898600 15 MAIN STREET ORONO ME 04473 BOB WILLIAMS CHIEF FINANCIAL OFFICER 2078898600 2022-06-16 1 BOB WILLIAMS 999009999 ROBIN L CYR P01261639 2077721981 2022-06-16 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z RENEE OUELLETTE 15 MAIN STREET ORONO ME 04473 41376141 0 X WWW.UCUMAINE.COM X 1967 ME UNIVERSITY CREDIT UNION ADVANCES YOUR FINANCIAL WELL-BEING IN EVERY STAGE OF LIFE. 7 7 95 9 114129 0 0 0 18159825 19082321 1645334 1573502 53202 52343 19858361 20708166 34575 110926 993073 724283 7343571 7782671 0 0 0 8100063 7511245 16471282 16129125 3387079 4579041 385646309 424608395 349834373 385484095 35811936 39124300 THE PURPOSE OF UNIVERSITY CREDIT UNION IS TO ACTIVELY ADVANCE MEMBERS' FINANCIAL WELL-BEING IN EVERY STAGE OF THEIR LIVES. 0 0 THE CREDIT UNION HAS 27,959 MEMBERS AS OF 12/31/2021. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 8610 0 1 95 0 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X BOB WILLIAMS 2078898600 15 MAIN STREET ORONO ME 04473 BORGMAN RICHARD DIRECTOR 1.00 X 0 0 0 CHENEY CAROLYN DIRECTOR 1.00 X 0 0 0 UHUAD BETSY DIRECTOR 1.00 X 0 0 0 HENDERSON JON DIRECTOR 1.00 X 0 0 0 REID PETER CHAIRPERSON 1.00 X X 0 0 0 WHITEHILL ENCY VICE CHAIRPERSON 1.00 X X 0 0 0 MORRISON HUGH SECRETARY 1.00 X X 0 0 0 OUELLETTE RENEE D PRESIDENT & CEO 40.00 X 259146 0 47062 WHITE-RIDEOUT DEB EXEC VICE PRESIDENT 40.00 X 171983 0 41174 GLEASON APRIL CHIEF LENDING OFFICER 40.00 X 135974 0 38061 BYRAM EILEEN CHIEF RISK OFFICER 40.00 X 124701 0 39815 WILLIAMS ROBERT CHIEF FINANCIAL OFFICER 40.00 X 123486 0 32663 RUCKER KYLE MORTGAGE LOAN ORIGINATOR 40.00 X 176074 0 28633 BRONIARCZYK CORY E MORTGAGE LOAN ORIGINATOR 40.00 X 163629 0 20926 FALOON CODY A MORTGAGE LOAN ORIGINATOR 40.00 X 140276 0 35672 CARLISLE C JASON MORTGAGE LOAN ORIGINATOR 40.00 X 134190 0 27865 YOUNG STACEY VP OF MEMBER SERVICES 40.00 X 101315 0 24033 1530774 0 335904 10 0 1 0 SYNERGENT 2 LEDGEVIEW DR WESTBROOK ME 04092 DATA PROCESSING 1345151 PORTLAND SAFE CONSULTING & DESIGN INC 3 MALLISON FALLS RD WINDHAM ME 04062 EQUIPMENT & SERVICE SUPPORT 267817 PROPERTY VALUATION SERVICES INC PO BOX 343 SOUTH FREEPORT ME 04078 APPRAISALS 209385 ST CLAIR MEDIA GROUP KAREN ST CLAIR PORTLAND ME 04110 MARKETING 164400 DOCUSIGN INC 221 MAIN ST SUITE 1000 SAN FRANCISCO CA 94105 SOFTWARE SUPPORT 152935 5 LOAN INCOME FROM MEMBERS 522100 15199593 15199593 CHECK CARD 522100 2145596 2145596 OVERDRAFT FEES 522100 1301053 1301053 OTHER INCOME 522100 291214 291214 ATM FEES 522100 144865 83079 61786 19082321 1229729 1229729 6795869 14215879 6759093 13908882 36776 306997 343773 343773 OTHER INCOME 522100 26494 26494 COMMISSION 522100 25849 25849 52343 20708166 19364308 114129 1229729 110926 724283 1013074 4904823 509354 917365 438055 40078 38477 364233 577596 608378 70853 29127 872813 12986 OPERATIONS EXPENSE 3987992 LOAN SERVICE EXPENSE 472207 PROVISION FOR LOAN LOSS 256938 TRAINING AND OTHER G&A 179567 16129125 11494134 12127884 794260 1165005 313326434 351335862 14742640 8057216 7141761 6685424 44974845 43896105 7914875 9398115 385646309 424608395 2890851 2498373 1806131 1953932 23184267 6500000 321953124 374531790 349834373 385484095 X 0 0 0 0 35811936 39124300 35811936 39124300 385646309 424608395 4579041 -1266677 0 X 0 1 X 1 0 1 338208 1166926 1171637 333497 1 X 1578333 1578333 6924713 3043443 3881270 747863 624317 123546 5191193 4341149 850044 300538 48307 252231 6685424 INVESTMENTS SECURITIES AVAILABLE FOR SALE 39679369 F INVESTMENT SECURITIES HELD TO MATURITY 3206887 F FEDERAL HOME LOAN BANK OF BOSTON STOCK 601700 F INVESTMENTS - EQUITY SECURITIES 408149 F 43896105 MEMBERS' SHARE AND SAVINGS ACCOUNT 374531790 374531790 19442148 -1266677 -1266677 20708825 -659 -659 20708166 16129784 659 659 16129125 0 16129125 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 -659. 1 UNIVERSITY OF MAINE FOUNDATION TWO ALUMNI PLACE ORONO ME 04469-5792 ORONO ME 044695792 016011501 501(C)(3) 16750 0 CASH CHARITABLE SUPPORT UNIVERSITY OF MAINE AT PRESQUE ISLE 181 MAIN STREET PRESQUE ISLE ME 04769 501(C)(3) 14076 0 CASH CHARITABLE SUPPORT UNIVERSITY OF SOUTHERN MAINE FOUNDATION P O BOX 9300 PORTLAND ME 04104-9300 PORTLAND ME 041049300 016000769 501(C)(3) 30100 0 CASH CHARITABLE SUPPORT FHLB CONDUIT GRANTS - 9 GRANTEES 50000 0 JNE RECOVERY GRANTS FROM BOSTON'S FHLB 3 9 PART I, LINE 2: 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. X X X 0 0 0 OUELLETTE RENEE D PRESIDENT & CEO 232824 0 11319 0 15003 0 19619 0 27443 0 306208 0 0 0 WHITE-RIDEOUT DEB EXEC VICE PRESIDENT 162570 0 7974 0 1439 0 13731 0 27443 0 213157 0 0 0 RUCKER KYLE MORTGAGE LOAN ORIGINATOR 44148 0 131889 0 37 0 14180 0 14453 0 204707 0 0 0 BRONIARCZYK CORY E MORTGAGE LOAN ORIGINATOR 29906 0 133713 0 10 0 13086 0 7840 0 184555 0 0 0 FALOON CODY A MORTGAGE LOAN ORIGINATOR 29529 0 110737 0 10 0 11448 0 24224 0 175948 0 0 0 GLEASON APRIL CHIEF LENDING OFFICER 129008 0 6213 0 753 0 10865 0 27196 0 174035 0 0 0 BYRAM EILEEN CHIEF RISK OFFICER 118099 0 5806 0 796 0 10172 0 29643 0 164516 0 0 0 CARLISLE C JASON MORTGAGE LOAN ORIGINATOR 24218 0 109944 0 28 0 11295 0 16570 0 162055 0 0 0 WILLIAMS ROBERT CHIEF FINANCIAL OFFICER 118779 0 4457 0 250 0 5220 0 27443 0 156149 0 0 0 DEB WHITE-RIDEOUT OFFICER SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN X 445000 518828 0 1 1 DEB WHITE-RIDEOUT OFFICER SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN X 91500 91859 0 1 1 RENEE OUELLETTE OFFICER SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN X 315000 337500 0 1 1 RENEE OUELLETTE OFFICER SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN X 124000 124303 0 1 1 EILEEN BYRAM OFFICER SPLIT DOLLAR LIFE INSURANCE AGREEMENT LOAN X 90000 92515 0 1 1 1165005 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.