2018-11-14T12:10:40-06:00 2017-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2017-01-01 020222930 NORTHEAST CREDIT UNION NORT 6034361847 PO BOX 1240 PORTSMOUTH NH 038021240 STEPHEN GIGUERE SVP/CFO 6034361847 2018-11-13 1 MARK AYERS P00289581 2077745701 2018-11-13 X 66.186.191.122 2018-11-13 17:44:00 ES P 718F5AFA68F261C6AFAA67722E6BD3B2AF70DCBE 416E3BFE28CA999E12EC067A2583C642DEFA383B 2017 2019-02-21 02:37:17Z STEPHEN GIGUERE 100 BORTHWICK AVE PORTSMOUTH NH 03801 54805981 0 X WWW.NECU.ORG X 1936 NH PROVIDE CREDIT UNION SERVICES TO ITS MEMBERS 9 9 282 15 224001 0 0 0 46964800 53482406 761791 1322809 0 0 47726591 54805215 27000 40000 5663088 5787324 15824534 18449011 0 0 0 18809970 21047878 40324592 45324213 7401999 9481002 1101453072 1313181735 985246182 1179540291 116206890 133641444 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 21915 0 1 282 1 1 1 0 0 0 0 0 X 9 9 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 GERALD GOUVEIA VICE 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 JUSTIN GAMESTER DIRECTOR 3.00 X 0 0 0 KAREN GROVES DIRECTOR 3.00 X 0 0 0 RAYMOND BALD DIRECTOR 3.00 X 0 0 0 REGIS SAUCIER DIRECTOR 3.00 X 0 0 0 RICHARD FOURNIER DIRECTOR 3.00 X 0 0 0 TIMOTHY COLLIA PRESIDENT/CEO 40.00 X 492943 0 54487 STEPHEN GIGUERE SVP/CFO 40.00 X 214160 0 47123 ANDREA PRUNA SVP/CHIEF MARKETING & RETAIL OFFICER 40.00 X 214786 0 40858 JONATHAN OTTERSON VP OF INVESTMENTS 40.00 X 184155 0 34960 MIKE GAGNON SVP/CHIEF TECHNOLOGY OFFICER 40.00 X 238236 0 34661 TRACI TENGGREN VP OF HUMAN RESOURCES 40.00 X 150010 0 34822 SUZANNE LADD VP OF CONSUMER DIRECT LENDING 40.00 X 142180 0 24199 DAVID WOLF VP OF INDIRECT LENDING 40.00 X 134198 0 28092 1770668 0 299202 18 0 1 0 SYNERGENT 2 LEDGEVIEW DRIVE WESTBROOK ME 04092 CREDIT UNION SERVICES 2984735 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 SOFTWARE MAINTENANCE 2296380 FISERV PO BOX 99924 GRAPEVINE TX 76051 ATM/DEBIT CARD PROCESSING 1063360 VISA USA 900 METRO CENTER BOULEVARD FOSTER CITY CA 94404 PROCESSING OF VISA CREDIT CARD 973056 SWELL MEDIA 3 MARKET SQUARE SUITE 3 PORTSMOUTH NH 03801 MARKETING/ADVERTISING 758902 5 LOAN INCOME 900099 37363004 37363004 OTHER INCOME 900099 9453991 9229990 224001 FEES AND CHARGES INCOME 900099 6665411 6665411 53482406 1323575 1323575 766 -766 -766 -766 54805215 53258405 224001 1322809 40000 5787324 1064358 13373749 1161525 1839598 1009781 49587 158358 32215 1650820 3408852 1206060 1761479 287237 401112 1743341 428735 PROFESSIONAL & OUTSIDE 3749503 PROVISION FOR LOAN LOSS 3029160 LOAN SERVICE EXPENSE 2604379 MISC OPERATING EXPENSE 463251 73789 45324213 15510504 20770829 960678018 1133278637 1369157 1274822 48595534 23809287 19997912 24786247 83622319 94808396 20275162 38262804 1101453072 1313181735 8216187 10262266 728678 637403 27702076 45210028 948599241 1123430594 985246182 1179540291 X 0 0 0 0 116206890 133641444 116206890 133641444 1101453072 1313181735 X 9481002 7953552 X 0 1 X 1 0 0 728678 91276 637402 1 X 6032422 6032422 24622136 10838858 13783278 1344453 1185618 158835 14421297 10264490 4156807 2175226 1520321 654905 24786247 OTHER - SHARES AND DEPOSITS AT CU CORP 51832499 C FEDERAL HOME LOAN BANK STOCK 2394700 C MEMBER SHARES IN LEAGUE CENTRAL 1174088 C CERTIFICATES IN CORPORATE CU 36771340 C INVESTMENTS IN BORTHWICK ASSOCIATES 415741 C CUSO CUDL 800000 C OCTANT BUSINESS SERVICES 116853 C CUSO MORTGAGE 1262565 C CO-OP INVESTMENT 20000 C LPL FINANCIAL STOCK 20610 C 94808396 MEMBER SHARES 1122958564 OTHER LIABILITIES 472030 1123430594 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 2017. X 1 1 X X X 0 1 0 TIMOTHY COLLIA PRESIDENT/CEO 450008 0 42935 0 0 0 33600 0 20887 0 547430 0 0 0 STEPHEN GIGUERE SVP/CFO 190008 0 24152 0 0 0 23448 0 23675 0 261283 0 0 0 ANDREA PRUNA SVP/CHIEF MARKETING & RETAIL OFFICER 190008 0 24778 0 0 0 17183 0 23675 0 255644 0 0 0 JONATHAN OTTERSON VP OF INVESTMENTS 162885 0 21270 0 0 0 19224 0 15736 0 219115 0 0 0 MIKE GAGNON SVP/CHIEF TECHNOLOGY OFFICER 210995 0 27241 0 0 0 25490 0 9171 0 272897 0 0 0 TRACI TENGGREN VP OF HUMAN RESOURCES 150010 0 0 0 0 0 11341 0 23481 0 184832 0 0 0 SUZANNE LADD VP OF CONSUMER DIRECT LENDING 130478 0 11702 0 0 0 15638 0 8561 0 166379 0 0 0 DAVID WOLF VP OF INDIRECT LENDING 123261 0 10937 0 0 0 14694 0 13398 0 162290 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 2017. 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. FORM 990, PART XI, LINE 9: MERGER ACQUISITION OF OCEAN EQUITY 7,953,552. BORTHWICK ASSOCIATES PO BOX 269 PORTSMOUTH NH 03801 020385845 INSURANCE AND INVESTMENTS NH NORTHEAST CREDIT UNION C 64607 399701 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 376732 PAYROLL AND BENEFITS PROVIDED BORTHWICK ASSOCIATES Q 11316 CAM BASED ON SPACE USED