2019-11-12T14:01:27-06:00 2018-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2018-01-01 020222930 NORTHEAST CREDIT UNION NORT 6034361847 PO BOX 1240 PORTSMOUTH NH 038021240 STEPHEN GIGUERE SVP/CFO 6034361847 2019-11-04 1 MARK AYERS P00289581 2077745701 2019-11-04 66.186.191.122 2019-11-04 15:15:35 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C141228CD127DEB37E2C9FAAEA56A95B16B9723E 2018 2020-04-17 16:48:07Z STEPHEN GIGUERE 100 BORTHWICK AVE PORTSMOUTH NH 03801 67372338 0 X WWW.NECU.ORG X 1936 NH PROVIDE CREDIT UNION SERVICES TO ITS MEMBERS. 7 7 411 13 301232 0 0 0 53482406 65334758 1322809 2014394 0 0 54805215 67349152 40000 40000 5787324 7109595 18449011 21742130 0 0 0 21047878 27070617 45324213 55962342 9481002 11386810 1313181735 1458520888 1179540291 1313501336 133641444 145019552 PROVIDE CREDIT UNION SERVICES TO ITS MEMBERS 0 0 CONSISTENT WITH THE PRINCIPLES, PHILOSOPHY AND VALUES OF THE CREDIT UNION AND VALUES OF THE CREDIT UNION MOVEMENTS, NORTHEAST CREDIT UNION PROVIDES SAFE, HIGH QUALITY FINANCIAL SERVICES TO MEET THE NEEDS OF OUR MEMBER OWNERS, ENHANCING THEIR FINANCIAL WELL BEING WHILE MAINTAINING THE STRENGTH OF THE CREDIT UNION. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 20673 0 1 411 1 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 NH X STEPHEN GIGUERE 6034229824 PO BOX 1240 PORTSMOUTH NH 038021240 PHILIP SULLIVAN CHAIRMAN 4.00 X X 0 0 0 VICTOR COLLININO TREASURER 4.00 X X 0 0 0 THERESA PALUMBO SECRETARY 3.00 X X 0 0 0 TERRANCE L BEERS DIRECTOR 3.00 X 0 0 0 JUSTIN S GAMESTER DIRECTOR 3.00 X 0 0 0 RAYMOND BALD VICE CHAIRMAN 3.00 X X 0 0 0 REGIS SAUCIER DIRECTOR 3.00 X 0 0 0 TIMOTHY COLLIA PRESIDENT/CEO 40.00 X 495579 0 48723 STEPHEN GIGUERE SVP/CFO 40.00 X 205257 0 61534 ANDREA PRUNA SVP/CHIEF MARKETING & RETA 40.00 X 205949 0 51079 JONATHAN OTTERSON VP OF INVESTMENTS 40.00 X 186664 0 20870 MIKE GAGNON SVP/CHIEF TECHNOLOGY OFFIC 40.00 X 233454 0 39589 TRACI TENGGREN VP OF HUMAN RESOURCES 40.00 X 161818 0 49911 SUZANNE LADD VP OF CONSUMER DIRECT LEND 40.00 X 147002 0 31120 JUDY MORIN SVP CHIEF OPERATING OFFICER 40.00 X 215496 0 54217 1851219 0 357043 22 0 1 0 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 CORE PROVIDER 1425389 FISERV PO BOX 99924 GRAPEVINE TX 76099 ATM/DEBIT CARD PROCESSING 1242693 VISA USA 1655 GRANT STREET CONCORD CA 94520 CC PROCESSING 1217088 LEVEL 5 2018 POWERS FERRY RD SE ATLANTA GA 30339 BUILT BRANCH - HOOKSETT 1205713 EXPRESS NOTICES 10983 VIA FRONTERA SAN DIEGO CA 92127 LATE NOTICES, COUPONS TO OUR MEMBERS 710484 35 LOAN INCOME 900099 46135366 46135366 OTHER INCOME 900099 11983142 11681910 301232 FEES AND CHARGES INCOME 900099 7216250 7216250 65334758 2037580 2037580 23186 -23186 -23186 -23186 67349152 65033526 301232 2014394 40000 7109595 1068121 15698206 1071544 2704775 1199484 47007 35250 1800357 4495550 1060435 2187613 329753 2107663 2147833 MISC OPERATING EXPENSE 4428610 PROFESSIONAL & OUTSIDE 4075000 PROVISION FOR LOAN LOSS 2970872 OPERATING FEE/NCUA STAB 1252914 131760 55962342 20770829 20147593 1133278637 1259819841 1274822 2191805 52033268 19290102 24786247 32743166 94808396 104465481 38262804 39153002 1313181735 1458520888 10262266 9954589 637403 612290 45210028 88362773 1123430594 1214571684 1179540291 1313501336 X 0 0 0 0 133641444 145019552 133641444 145019552 1313181735 1458520888 11386810 -8702 0 X 0 1 X 1 0 0 637402 25114 612288 1 X 8061508 8061508 26329958 6324430 20005528 1433555 1375606 57949 16208247 11590066 4618181 32743166 OTHER - SHARES AND DEPOSITS AT CU CORP 67265284 C FEDERAL HOME LOAN BANK STOCK 5192700 C MEMBER SHARES IN LEAGUE CENTRAL 1174088 C CERTIFICATES IN CORPORATE CU 27981305 C INVESTMENTS IN BORTHWICK ASSOCIATES 365676 C CUSO CUDL 800000 C OCTANT BUSINESS SERVICES 125853 C CUSO MORTGAGE 1519965 C CO-OP INVESTMENT 20000 C LPL FINANCIAL STOCK 20610 C 104465481 MEMBER SHARES 1214094047 OTHER LIABILITIES 477637 1214571684 PART IV, LINE 2B: SCHEDULE D, PART IV, LINE 1B - ESCROW ACCOUNT FOR MORTGAGES. 1 COLLEGE SCHOLARSHIPS 25 40000 CASH VALUE FORM 990, SCHEDULE I, PART III (B) THE ORGANIZATION PROVIDED SCHOLARSHIP ASSISTANCE TO 25 INDIVIDUAL STUDENTS IN 2018. X 1 1 X X X 0 1 0 TIMOTHY COLLIA PRESIDENT/CEO 459579 0 36000 0 0 0 22000 0 26723 0 544302 0 0 0 STEPHEN GIGUERE SVP/CFO 190057 0 15200 0 0 0 23915 0 37619 0 266791 0 0 0 ANDREA PRUNA SVP/CHIEF MARKETING & RETA 190749 0 15200 0 0 0 17241 0 33838 0 257028 0 0 0 JONATHAN OTTERSON VP OF INVESTMENTS 173633 0 13031 0 0 0 20091 0 779 0 207534 0 0 0 MIKE GAGNON SVP/CHIEF TECHNOLOGY OFFIC 216574 0 16880 0 0 0 25704 0 13885 0 273043 0 0 0 TRACI TENGGREN VP OF HUMAN RESOURCES 149818 0 12000 0 0 0 13851 0 36060 0 211729 0 0 0 SUZANNE LADD VP OF CONSUMER DIRECT LEND 136564 0 10438 0 0 0 16620 0 14500 0 178122 0 0 0 JUDY MORIN SVP CHIEF OPERATING OFFICER 199496 0 16000 0 0 0 24768 0 29449 0 269713 0 0 0 PART I, LINE 4B TIMOTHY COLLIA, STEVE GIGUERE, MIKE GAGNON, ANDREA PRUNA, AND JUDY MORIN PARTICIPATE IN A SPLIT-DOLLAR INSURANCE PLAN. NO PAYMENTS WERE MADE DURING 2018. THE CREDIT UNION MAINTAINS THE PLAN FOR THE PARTICIPANTS. THE PLAN IS FUNDED USING A SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT THAT REQUIRES THE CREDIT UNION TO PAY ANNUAL LIFE INSURANCE PREMIUMS FOR THE PERIODS OF THE PARTICIPANTS' EMPLOYMENT FOR UP TO TEN YEARS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ANNUAL ELECTIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO MEMBERS VOTING AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B AVP RESPONSIBLE FOR THE OVERSIGHT OF THE COMPLETION OF THE TAX RETURN. COMPLETED FORMS FORWARDED TO VP OF FINANCE, PRESIDENT AND BOARD OF DIRECTORS FOR REVIEW AND SIGNATURES. FORM 990, PART VI, SECTION B, LINE 12C REQUIRES ANNUAL SIGNATURES FROM THE BOARD OF DIRECTORS ON OUR CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 WE USE AN OUTSIDE FIRM TO MONITOR PAY LEVELS WITH SIMILAR JOB TITLES AT THE CREDIT UNION. THE NAME OF THE OUTSIDE COMPANY USED IS COMPEASE. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIALS ARE POSTED IN ALL BRANCH LOBBIES, AND THE ANNUAL MEETING IS OPEN TO ALL MEMBERS. BORTHWICK ASSOCIATES PO BOX 269 PORTSMOUTH NH 03801 020385845 INSURANCE AND INVESTMENTS NH NORTHEAST CREDIT UNION C -80177 338174 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 BORTHWICK ASSOCIATES Q 281692 PAYROLL, BENEFITS PROVIDED BORTHWICK ASSOCIATES Q 15462 ADMIN FEE, RENT, CAM CHARGES