2020-11-05T11:23:04-06:00 2019-12-31 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2019-01-01 010213357 DOWNEAST CREDIT UNION DOWN 8004271223 PO BOX 130 BAILEYVILLE ME 04694 JOSEPH MOSES PRESIDENT/CEO 8004271223 2020-10-27 1 ROBIN L CYR P01261639 2077721981 2020-10-27 69.49.137.50 2020-10-27 15:19:51 ED P C73E4575FEFBA03D922A73EB885A3DC5601935C3 B7573ECAC76D925F3F75BD5F2463AB00B8E086F5 2019 2021-04-22 16:20:28Z JOSEPH MOSES PO BOX 130 BAILEYVILLE ME 04694 15438472 0 X WWW.DOWNEASTCU.COM X 2006 ME TO PROVIDE FINANCIAL SERVICES, INCLUDING DEPOSIT ACCOUNTS AND LOANS, TO CREDIT UNION MEMBERS. 5 5 102 7 1688266 0 0 0 11598616 13239676 22816 74809 2179511 2123987 13800943 15438472 0 0 0 0 6115082 6424621 0 0 0 5801861 7924998 11916943 14349619 1884000 1088853 203461325 204294220 187263696 187240356 16197629 17053864 TO PROVIDE FINANCIAL SERVICES, INCLUDING DEPOSIT ACCOUNTS AND LOANS, TO CREDIT UNION MEMBERS. 0 0 THE PROCUREMENT OF FINANCIAL SERVICES INCLUDING, BUT NOT LIMITED TO, THE EXTENSION OF LOANS AND THE HOUSING OF DEPOSITS FOR MEMBERS. 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 1 0 0 0 1 2490 0 1 102 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JOSEPH MOSES 8004271223 PO BOX 130 BAILEYVILLE ME 04694 TOZIER DAVID FORMER CEO 0.00 X 288804 0 0 MOSES JOE PRESIDENT & CEO 40.00 X 263620 0 35814 DAGGETT DAN AGENT- BAY FINL/ PRES OF CULANE 40.00 X 179154 0 28827 MUNSEY MELANIE AGENT- BAY FINL/ PRES OF DEI 40.00 X 170099 0 12832 LANIER TONIA VICE PRESIDENT OF BRANCH OPERATIONS 40.00 X 130501 0 19347 FLEMING MATTHEW CFO 40.00 X 77854 0 19448 WHALEN MIKE DIRECTOR 1.00 X 8437 0 0 CURTIS ROBERT VICE CHAIRMAN 1.00 X X 8437 0 0 MANZA JOSEPH SECRETARY 1.00 X X 8437 0 0 POTTLE MASON CHAIRMAN 1.00 X X 8437 0 0 ENMAN JAMES DIRECTOR 1.00 X 7775 0 0 1151555 0 116268 5 1 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 OPERATING SYSTEM 318274 ANDEL CONSTRUCTION 23 WASHINGTON STREET SUITE 3 CALAIS ME 04619 BRANCH RENOVATIONS 306561 2 INT ON LOANS TO MEMBERS 522100 10904023 10904023 SERVICE FEE INCOME 522100 1295250 1148945 146305 VISA INTERCHANGE 522100 1040403 1040403 13239676 74809 74809 SUBSIDIARY FEE INCOME 525990 1438522 -3203 1441725 NON-INT INCOME-MEMBERS 524298 685465 585229 100236 2123987 15438472 13675397 1688266 74809 399260 4520864 160980 959686 383831 19181 127623 487610 215986 1033174 80909 406104 173550 8648 44512 609469 92113 DIVIDENDS ON MEMBER SHS 2409016 PROVISIONS FOR LOAN LOS 1440000 BANK SERVICES & CHARGES 732821 DUES & SUBSCRIPTIONS 32282 12000 14349619 7425941 7465493 128985 291492 171062067 174063597 7023197 6995018 11373260 3095375 8178479 8277885 5583402 2964454 4059254 4236281 203461325 204294220 1472769 902304 185790927 186338052 187263696 187240356 X 0 0 0 0 16197629 17053864 16197629 17053864 203461325 204294220 1088853 -232618 0 X 0 0 0 1871153 1871153 6408872 1499461 4909411 100134 93678 6456 2821588 1428296 1393292 171513 73940 97573 8277885 MEMBERS' SHARE ACCOUNTS 186338052 186338052 X X 0 0 0 TOZIER DAVID FORMER CEO 288804 0 0 0 0 0 0 0 0 0 288804 0 0 0 MOSES JOE PRESIDENT & CEO 263620 0 0 0 0 0 10305 0 25509 0 299434 0 0 0 DAGGETT DAN AGENT- BAY FINL/ PRES OF CULANE 160159 0 18995 0 0 0 5010 0 23817 0 207981 0 0 0 MUNSEY MELANIE AGENT- BAY FINL/ PRES OF DEI 100116 0 69983 0 0 0 3961 0 8871 0 182931 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MERGERS ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE BOARD OF DIRECTORS BOTH REVIEW A COPY OF THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A COMPLIANCE DEPARTMENT THAT MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OTHER OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY BOTH A CUNA SALARY SURVEY AND THE BOARD OF DIRECTORS. THIS SALARY SURVEY IS REVIEWED BY THE CEO, CFO AND VP OF HR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN ALL BRANCH LOBBIES FOR THE ORGANIZATION. ALL OTHER INFORMATION AVAILABLE UPON REQUEST. 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR. CONSOLIDATED SOLUTIONS II LLC PO BOX 130 23RD AVENUE BAILEYVILLE ME 04694 010537469 INSURANCE BROKERAGE SERVICES TO CREDIT UNION MEMBERS ME 112268 1934181 DOWNEAST CREDIT UNION CONSOLIDATED SOLUTIONS LLC PO BOX 130 23RD AVENUE BAILEYVILLE ME 04694 010542492 INDIRECT LENDING FOR PARTICIPATING CREDIT UNIONS ME -13420 248799 DOWNEAST CREDIT UNION BAY FINANCIAL LLC PO BOX 130 23RD AVENUE BAILEYVILLE ME 04694 200361756 FINANCIAL SERVICES FOR SMALL BUSINESSES ME 165992 411596 DOWNEAST CREDIT UNION CULANE LLC PO BOX 130 BAILEYVILLE ME 04694 823810485 CREDIT UNION SERVICE ORGANIZATION ME DOWNEAST CREDIT UNION RELATED -135411 119188 0 19539 1 0.70000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0