2022-09-22T11:21:14-05:00 2021-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2021-01-01 010261795 FIVE COUNTY CREDIT UNION FIVE 2074433528 765 WASHINGTON STREET BATH ME 04530 JULIE A MARQUIS CEO & TREASURER 2074433528 2022-09-21 1 JULIE MARQUIS 999009999 JULIA HOWLAND CPA P01711658 2077745701 2022-09-21 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JULIE A MARQUIS 765 WASHINGTON STREET BATH ME 04530 17255061 0 X WWW.FIVECOUNTY.COM X 1956 ME DELIVERING RELATIONSHIP SERVICES WITH TRUSTED SOLUTIONS. 7 6 159 10 372647 0 0 0 12117280 13004849 1603985 972425 3946313 3003862 17667578 16981136 0 0 940353 537698 7725978 8246790 0 0 0 7706865 5948442 16373196 14732930 1294382 2248206 311529938 349962070 285497450 321634663 26032488 28327407 DELIVERING RELATIONSHIP SERVICES WITH 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 12/31/21, FIVE COUNTY CREDIT UNION SERVES 27,400 MEMBERS AND HAS TOTAL DEPOSITS OF $317,651,154. IN ADDITION, THE CREDIT UNION HAS 15,730 OUTSTANDING LOANS TO MEMBERS WITH A TOTAL BALANCE OF $213,568,894 AT 12/31/2021. 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 3244 0 1 159 1 1 1 0 0 0 0 0 0 0 X 7 6 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 DIRECTOR 1.00 X 0 0 0 BRUCE WILSON DIRECTOR 1.00 X 0 0 0 A BOSICA DIRECTOR 1.00 X 0 0 0 PETER DECOURCY DIRECTOR 1.00 X 0 0 0 JULIE A MARQUIS SECRETARY, TREASURER & CEO 40.00 X X 334826 0 40847 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/C 40.00 X 173274 0 31920 TERRI RYAN SVP ADMINISTRATION 40.00 X 159651 0 28470 MICHAEL FOLEY SVP SUPPORT SERVICES 40.00 X 154386 0 31397 LYNN FARMER VP HUMAN RESOURCES 40.00 X 132380 0 22822 JENNIFER ANDERSEN SVP RETAIL SERVICES 40.00 X 121851 0 26073 1076368 0 181529 6 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 SERVICE BUREAU 979057 CONSOLIDATED COMMUNICATIONS PO BOX 11021 LEWISTON ME 04243 COMMUNICATIONS 165659 WHITE PINE LANDSCAPING INC PO BOX 694 BATH ME 04530 LANDSCAPING/PLOWING 104172 3 INTEREST INCOME 522100 9418260 9418260 MEMBER SERVICE FEES 522100 3586589 3586589 13004849 951469 951469 294061 820 273925 0 20136 820 20956 20956 MISCELLANEOUS FEE INCOME 522100 2501457 2501457 ATM FEES 525990 339255 129758 209497 INSURANCE INCOME 524113 163150 163150 3003862 16981136 15636064 372647 972425 537698 580865 5962471 535024 683397 485033 24347 147021 254606 356795 176955 1275493 45004 1045554 123544 OTHER OPERATING EXPENSE 2499123 14732930 4891589 4979969 74633378 103004761 956327 956327 202594397 212577811 508716 488067 20272626 9130629 11894039 11141997 1074812 1177040 6309691 6914831 8666989 8721267 311529938 349962070 3822752 3983509 46023 50022 281628675 317601132 285497450 321634663 X 0 0 0 0 26032488 28327407 26032488 28327407 311529938 349962070 2248206 46713 0 X 0 1 X 1 0 6005 PART I-A, LINE 1: $6,005 OF THE DUES PAID BY FIVE COUNTY CREDIT UNION TO THE MAINE CREDIT UNION LEAGUE IN 2021 WERE USED TOWARDS LEGISLATIVE ACTION. 0 1 X 1989763 1989763 11231565 3342899 7888666 142606 121232 21374 6908692 5666498 1242194 11141997 MEMBERS' SHARES & SAVINGS ACCOUNTS 317601132 317601132 X 17027849 46713 46713 16981136 0 16981136 14732930 0 14732930 0 14732930 PART IV, LINE 2B: HELD BACK COMMERCIAL LOANS. WHEN FUNDS ARE REQUESED 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 X X X 0 0 0 JULIE A MARQUIS SECRETARY, TREASURER & CEO 260671 0 55088 0 19067 0 26338 0 14509 0 375673 0 0 0 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/C 130879 0 32790 0 9605 0 17029 0 14891 0 205194 0 0 0 TERRI RYAN SVP ADMINISTRATION 131044 0 28125 0 482 0 16462 0 12008 0 188121 0 0 0 MICHAEL FOLEY SVP SUPPORT SERVICES 125802 0 28065 0 519 0 15951 0 15446 0 185783 0 0 0 LYNN FARMER VP HUMAN RESOURCES 104507 0 27591 0 282 0 13511 0 9311 0 155202 0 0 0 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, LINCOLN, KENNEBEC, SAGADAHOC, WALDO, SOMERSET, OR KNOX 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.