2018-11-14T05:42:47-06:00 2017-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2017-01-01 010196194 MAINE STATE CREDIT UNION MAIN 8005408707 PO BOX 5659 AUGUSTA ME 043325659 ERIN E CAMPBELL VP OF FINANCE 8005408707 2018-11-02 1 MARK AYERS P00289581 2077745701 2018-11-02 X 66.186.191.122 2018-11-02 14:18:51 ED P 718F5AFA68F261C6AFAA67722E6BD3B2AF70DCBE 416E3BFE28CA999E12EC067A2583C642DEFA383B 2017 2019-02-21 02:37:17Z TUCKER COLE PO BOX 5659 AUGUSTA ME 043325659 19510815 0 X WWW.MAINESTATECU.ORG X 1935 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 8 8 87 8 135691 -42682 0 0 11084175 11983340 2220445 2016014 3435603 5511461 16740223 19510815 0 0 1826341 1868218 5803277 5593073 0 0 0 6776952 6592685 14406570 14053976 2333653 5456839 383246140 404259570 338216403 352750129 45029737 51509441 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 14053976 17359110 THE CREDIT UNION HAS 28,264 MEMBERS AS OF 12/31/2017. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 14053976 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 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 17349 0 1 87 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ERIN E CAMPBELL 8005408707 PO BOX 5659 AUGUSTA ME 043325659 THOMAS CUSICK SECRETARY 1.00 X X 0 0 0 ROLAND MAHEUX TREASURER 1.00 X X 0 0 0 LEONARD CABANA DIRECTOR 1.00 X 0 0 0 GEORGE LAPOINTE VICE CHAIR 1.00 X X 0 0 0 E JAMES SOUCIE CHAIR 1.00 X X 0 0 0 MICHAEL RODERIGUE DIRECTOR 1.00 X 0 0 0 GARY CROCKER DIRECTOR 1.00 X 0 0 0 AIMEE CARLTON DIRECTOR 1.00 X 0 0 0 DEBORAH L SPARROW SVP OF LENDING/CLO 40.00 X 160380 0 14941 DUNCAN MACKELLAR SVP OF FINANCE/CFO 40.00 X 156833 0 15722 MARK YOUNG SVP OF OPERATIONS/COO 40.00 X 155070 0 21076 TUCKER COLE PRESIDENT/CEO 40.00 X 280107 0 37603 752390 0 89342 4 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 DATA PROCESSING 1204129 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 FINANCIAL SERVICES 244212 WORKGROUP TECHNOLOGY PARTNERS INC PO BOX 110 WESTBROOK ME 04098 IT SERVICES 178386 CONSOLIDATED SOLUTIONS LLC PO BOX 582 BAILEYVILLE ME 04694 FINANCIAL SERVICES 172816 NARETIV PO BOX 801 BELGRADE ME 04843 ADVERTISING 118188 7 LOAN INCOME FROM MEMBERS 522100 11983340 11983340 11983340 2016014 2016014 OTHER INCOME 522100 2727153 2727153 SERVICE CHARGES AND FEES 522100 2648617 2648617 LIFE HELP - AD&D 522100 41456 41456 94235 94235 5511461 19510815 17359110 135691 2016014 1868218 841731 3216188 1535154 914919 2276024 784856 185429 18821 PROVISION FOR LOAN LOSS 935793 LOAN SERVICING & COLLEC 923741 EDUCATIONAL & PROMOTION 361644 MISCELLANEOUS 82553 108905 14053976 2663129 2328033 27872406 42136507 230809466 261027671 12778485 5485323 7422184 7293162 85895535 64234873 110000 110000 28473420 27129324 383246140 404259570 4245167 4555020 333971236 348195109 338216403 352750129 X 0 0 0 0 45029737 51509441 45029737 51509441 383246140 404259570 X 5456839 1022865 X 0 1 X 1 0 1398277 1398277 8055434 3003239 5052195 3324774 2482084 842690 7293162 OTHER ASSETS 10644243 ACCRUED INTEREST RECEIVABLE 950715 NATIONAL CU SHARE INS. FUND DEPOSIT 3293685 TRICORP MEMBER SHARE SAVINGS 400000 PRE-FUNDED BENEFIT PLAN 11840681 27129324 MEMBER'S SHARE AND SAVINGS ACCOUNTS 348195109 348195109 16706804 0 16706804 2804011 2804011 19510815 11249965 0 11249965 2804011 2804011 14053976 PART XI, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN LOSSES 935,793. BENEFITS PAID TO MEMBERS 1,868,218. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN LOSSES 935,793. BENEFITS PAID TO MEMBERS 1,868,218. X 0 0 0 DEBORAH L SPARROW SVP OF LENDING/CLO 160380 0 0 0 0 0 4823 0 10118 0 175321 0 0 0 DUNCAN MACKELLAR SVP OF FINANCE/CFO 156833 0 0 0 0 0 4750 0 10972 0 172555 0 0 0 MARK YOUNG SVP OF OPERATIONS/COO 155070 0 0 0 0 0 3599 0 17477 0 176146 0 0 0 TUCKER COLE PRESIDENT/CEO 280107 0 0 0 0 0 8072 0 29531 0 317710 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS THAT LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN KENNEBEC OR SOMERSET COUNTY ARE ELIGIBLE FOR MEMBERSHIP IN THE CREDIT UNION. MEMBERS RECEIVE DIVIDENDS BASED ON SHARE ACCOUNTS BUT DO NOT RECEIVE DISTRIBUTIONS OF PROFIT. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE A VOTE DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS IS FORMED BY VOLUNTEERS THAT ARE ELECTED DIRECTLY FROM CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B 990 REVIEWED BY THE CEO/PRESIDENT AND THE VP OF FINANCE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WE HAVE CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES INCORPORATED IN OUR CODE OF ETHICS. MEMBERS OF THE BOARD OF DIRECTORS SIGN A DOCUMENT REAFFIRMING ANNUALLY THAT THEY ARE ABIDING BY THE POLICY AND REPORTING ANY CONFLICTS OR POTENTIAL CONFLICTS AND ABSTAINING FROM ANY DECISIONS WHERE THERE IS A CONFLICT. THE BOARD REVIEWED THE CODE OF ETHICS POLICY AT THE 10/25/17 MEETING AND SIGNED THE DOCUMENT REAFFIRMING THEIR COMMITMENT TO THE POLICY/PRACTICE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AUTHORIZES THE SALARY AND ANY INCREASES FOR THE CEO. THE CEO IS RESPONSIBLE FOR THE EVALUATIONS, SALARIES, AND SALARY INCREASES OF THE SENIOR MANAGEMENT TEAM. THE CREDIT UNION UTILIZES A COMPENSATION PROGRAM THAT INCORPORATES EXTERNAL MARKET INFORMATION REGARDING SALARIES IN DETERMINING THEIR SALARY RANGES. THE DIRECTOR OF HUMAN RESOURCES MANAGES THE ADMINISTRATION OF THE COMPENSATION STRUCTURE (IN COLLABORATION WITH THE CEO). FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT IS POSTED ON THE WEBSITE AND THE INCOME STATEMENT AND BALANCE SHEET IS POSTED IN THE LOBBY. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 1,022,865.