2021-11-12T12:53:03-06:00 2020-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2020-01-01 010261795 FIVE COUNTY CREDIT UNION FIVE 2074433528 765 WASHINGTON STREET BATH ME 04530 JULIE A MARQUIS CEO & TREASURER 2074433528 2021-11-12 1 JULIE MARQUIS 999009999 NICK CROSMAN P01498238 2077745701 2021-11-12 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JULIE A MARQUIS 765 WASHINGTON STREET BATH ME 04530 17917451 0 X WWW.FIVECOUNTY.COM X 1956 ME DELIVERING RELATIONSHIP SERVICES WITH TRUSTED SOLUTIONS. 7 6 149 10 373900 0 0 0 12685115 12117280 1152025 1603985 3784254 3946313 17621394 17667578 0 0 1042576 940353 7547475 7725978 0 0 0 7658229 7706865 16248280 16373196 1373114 1294382 261463831 311529938 236775116 285497450 24688715 26032488 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 12/31/20, FIVE COUNTY CREDIT UNION SERVES 26,775 MEMBERS AND HAS TOTAL DEPOSITS OF $281,674,698. IN ADDITION, THE CREDIT UNION HAS 15,730 OUTSTANDING LOANS TO MEMBERS WITH A TOTAL BALANCE OF $203,753,919 AT 12/31/2020. 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 3060 0 1 149 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 315971 0 40658 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/CFO 40.00 X 167165 0 34895 TERRI RYAN SVP ADMINISTRATION 40.00 X 151353 0 26506 MICHAEL FOLEY SVP SUPPORT SERVICES 40.00 X 145825 0 30583 LYNN FARMER VP HUMAN RESOURCES 40.00 X 125435 0 22728 JENNIFER ANDERSEN SVP RETAIL SERVICES 40.00 X 115223 0 16982 1020972 0 172352 6 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 SERVICE BUREAU 1702271 CONSOLIDATED COMMUNICATIONS PO BOX 11021 LEWISTON ME 04243 COMMUNICATIONS 156805 2 INTEREST INCOME 522100 9864699 9864699 MEMBER SERVICE FEES 522100 2252581 2252581 12117280 1648230 1648230 176021 29607 212936 36937 -36915 -7330 -44245 -44245 MISCELLANEOUS FEE INCOME 522100 2647345 2647345 ATM FEES 525990 1131942 925068 206874 INSURANCE INCOME 524113 167026 167026 3946313 17667578 15689693 373900 1603985 940353 558689 5569378 496875 665647 435389 13989 152927 184727 297842 172834 1206924 53650 9083 193 996349 128720 OTHER OPERATING EXPENSE 3836262 PROVISION FOR LOAN LOSS 653365 16373196 4721836 4891589 31614624 74633378 938491 956327 196775830 202594397 671245 508716 20217464 8323425 11962983 11894039 1028375 1074812 5153047 6309691 8597400 8666989 261463831 311529938 2821763 3822752 42174 46023 233911179 281628675 236775116 285497450 X 0 0 0 0 24688715 26032488 24688715 26032488 261463831 311529938 1294382 49391 0 X 0 1 X 1 0 5813 PART I-A, LINE 1: $5,813 OF THE DUES PAID BY FIVE COUNTY CREDIT UNION TO THE MAINE CREDIT UNION LEAGUE IN 2020 WERE USED TOWARDS LEGISLATIVE ACTION. 0 1 X 1989763 1989763 11080752 2966083 8114669 142606 104311 38295 7004343 5253031 1751312 11894039 MEMBERS' SHARES & SAVINGS ACCOUNTS 281628675 281628675 X 17724299 49391 7330 56721 17667578 0 17667578 16380526 7330 7330 16373196 0 16373196 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON OREO 7,330. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON OREO 7,330. X X X X 0 0 0 JULIE A MARQUIS SECRETARY, TREASURER & CEO 239564 0 44733 0 31674 0 24937 0 15721 0 356629 0 0 0 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/CFO 122392 0 32515 0 12258 0 16164 0 18731 0 202060 0 0 0 TERRI RYAN SVP ADMINISTRATION 120659 0 27901 0 2793 0 15494 0 11012 0 177859 0 0 0 MICHAEL FOLEY SVP SUPPORT SERVICES 115048 0 27812 0 2965 0 14862 0 15721 0 176408 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.