2020-10-05T14:52:46-05:00 2019-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2019-01-01 010203515 SACO VALLEY CREDIT UNION SACO 2072826169 PO BOX 740 312 MAIN ST SACO ME 04072 KEVIN PARTRIDGE PRESIDENT 2072826169 2020-09-30 1 BRAD WELLER CPA P00285183 2077745701 2020-09-30 98.2.208.84 2020-09-30 09:15:13 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AE99A42BFBBAACA004BCD32729E9007019FDCFD4 2019 2021-04-22 16:20:28Z KEVIN PARTRIDGE PO BOX 740 312 MAIN ST SACO ME 04072 5746496 0 X WWW.SACOVALLEY.ORG X 1947 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 7 7 31 9 40712 0 0 0 3819463 4156188 524294 615390 929811 949201 5273568 5720779 0 0 862604 1083585 1794965 1782442 0 0 0 1634580 1820378 4292149 4686405 981419 1034374 118059718 128364010 105318854 114647549 12740864 13716461 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 THE CREDIT UNION HAD 8,619 MEMBERS AS OF 12/31/2019. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2740 0 1 31 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X KEVIN PARTRIDGE 2072826169 PO BOX 740 312 MAIN ST SACO ME 04072 ROBERTA MANNING BOARD CHAIRPERSON 6.00 X X 0 0 0 PAUL GOSSELIN TREASURER 5.00 X X 0 0 0 TIMOTHY NELSON DIRECTOR 6.00 X 0 0 0 ED POLITO SECRETARY 4.00 X X 0 0 0 DAVID PRESBY DIRECTOR 4.00 X 0 0 0 ROBERT DENTON DIRECTOR 5.00 X 0 0 0 ROYAL SMITH DIRECTOR 4.00 X 0 0 0 KEVIN PARTRIDGE PRESIDENT/CEO 50.00 X 114535 0 36975 BENJAMIN GOSSELIN VP OF FINANCE & TECHNOLOGY 45.00 X 90995 0 21340 KEVIN FOLEY CHIEF LENDING OFFICER 45.00 X 101936 0 4275 307466 0 62590 2 0 1 0 SYNERGENT 2 LEDGEVIEW DRIVE WESTBROOK ME 04092 PROVIDER OF CORE BANKING SOFTWARE 475626 SYSTEMS ENGINEERING 120 EXCHANGE ST PORTLAND ME 04101 IT SUPPORT SERVICES 111587 2 LOAN INTEREST INCOME 522291 4156188 4156188 4156188 641107 641107 25717 -25717 -25717 -25717 OTHER INCOME 522100 663340 663340 FEE AND SERVICE INCOME 522100 245149 245149 INSURANCE INCOME 522100 24450 24450 16262 16262 949201 5720779 5064677 40712 615390 1083585 263845 1228123 116470 70399 103605 3850 18800 55332 280975 644119 138829 42122 237548 30118 LOAN SERVICING EXPENSE 134675 EDUCATION & PROMOTIONAL 127393 PROVISION FOR LOAN & LE 48000 OPERATING FEES 26417 32200 4686405 1273575 1439636 26259726 23842736 86911483 99397154 4333960 2149129 2169294 2184831 1445640 1499653 118059718 128364010 190075 208851 105128779 114438698 105318854 114647549 X 0 0 0 0 12740864 13716461 12740864 13716461 118059718 128364010 X 1034374 -58777 X 0 0 0 460313 460313 2755051 1370963 1384088 1014892 687061 327831 103704 91105 12599 2184831 MEMBERS SHARES & SAVINGS ACC 114438698 114438698 X 0 0 0 KEVIN PARTRIDGE PRESIDENT/CEO 105635 0 8900 0 0 0 3046 0 33929 0 151510 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY SENIOR MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C A REVIEW IS PERFORMED ANNUALLY TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS DONE ANNUALLY OF THE CEO AND TOP MANAGEMENT BY THE BOARD OF DIRECTORS. THE REVIEW OF OTHER OFFICERS AND KEY EMPLOYEES IS DONE BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -58,777.