2018-11-12T07:21:21-06:00 2017-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2017-01-01 010261795 FIVE COUNTY CREDIT UNION FIVE 2074433528 765 WASHINGTON STREET BATH ME 04530 JULIE A MARQUIS CEO & TREASURER 2074433528 2018-11-09 1 ALISON HERRICK P01268903 2077745701 2018-11-09 66.186.191.122 2018-11-09 18:07:18 ES P 7ECAC61FA42A75A7F539F572BEC4414D24116CAF 84A036BCD2E026D9F28A709FC8E8904A9A527089 2017 2019-02-21 02:37:17Z JULIE A MARQUIS 765 WASHINGTON STREET BATH ME 04530 16628963 0 1 X WWW.FIVECOUNTY.COM X 1956 ME DELIVERING RELATIONSHIP SERVICES WITH TRUSTED SOLUTIONS. 7 6 149 11 347218 -108967 0 0 9199284 9617173 547928 862698 5722028 5817845 15469240 16297716 0 0 0 531662 6836617 6796133 0 0 0 6993217 7159869 13829834 14487664 1639406 1810052 230750687 243225384 211505023 222169668 19245664 21055716 DELIVERING RELATIONSHIP SERVICES WITH TRUSTED SOLUTIONS. 0 0 FIVE COUNTY CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PERSONS WHO LIVE OR WORK IN THE COUNTIES OF ANDROSCOGGIN, CUMBERLAND, LINCOLN, KENNEBEC, SAGADAHOC, WALDO, SOMERSET, AND KNOX, MAINE, ALL ACTIVE AND RETIRED EMPLOYEES OF BATH IRON WORKS, AND RELATIVES OF ELIGIBLE MEMBERS. THE CREDIT UNION'S PRIMARY ACTIVITY IS PROVIDING LOANS TO MEMBERS AND THEIR FAMILIES. AS OF 12/31/17, FIVE COUNTY CREDIT UNION SERVES 27,257 MEMBERS AND HAS TOTAL DEPOSITS OF $208,367,821. IN ADDITION, THE CREDIT UNION HAS 15,318 OUTSTANDING LOANS TO MEMBERS WITH A TOTAL BALANCE OF $173,409,896 AT 12/31/17. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 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 2907 0 1 149 1 1 1 0 0 0 0 0 X 7 6 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KENNETH H STOCKFORD 2074433528 765 WASHINGTON STREET BATH ME 04530 ROBERT BREWER JR CHAIRMAN 1.00 X X 0 0 0 MERLIN SUGGS VICE CHAIRMAN 1.00 X X 0 0 0 MONA FAULTER DIRECTOR 1.00 X 0 0 0 BRUCE WILSON DIRECTOR 1.00 X 0 0 0 A BOSICA DIRECTOR 1.00 X 0 0 0 PETER DECOURCY DIRECTOR 1.00 X 0 0 0 JULIE A MARQUIS SECRETARY, TREASURER & CEO 40.00 X X 264116 0 45340 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/CFO 40.00 X 170904 0 26364 TERRI RYAN SVP ADMINISTRATION 40.00 X 149217 0 22495 MICHAEL FOLEY SVP SUPPORT SERVICES 40.00 X 132537 0 23100 LYNN FARMER VP HUMAN RESOURCES 40.00 X 105055 0 18907 821829 0 136206 5 0 1 0 SYNERGENT 2 LEDGEVIEW DRIVE WESTBROOK ME 04092 DATA PROCESSING 1392783 BURGESS 6 OAK GROVE AVE BATH ME 04530 TECHNOLOGY 152072 FAIRPOINT COMMUNICATION 5 DAVIS FARM ROAD PORTLAND ME 04103 COMMUNICATION LINES 136920 WHITEPINE 188 NORTH STREET BATH ME 04530 GROUNDSKEEPING 119107 4 INTEREST INCOME 522100 9617173 9617173 9617173 918172 918172 275773 331247 -55474 -55474 -55474 MISCELLANEOUS FEE INCOME 522100 4486422 4486422 ATM SURCHARGE INCOME 525990 1227941 984205 243736 INSURANCE INCOME 524113 103482 103482 5817845 16297716 15087800 347218 862698 531662 506724 4922802 453260 494765 418582 87926 159833 168918 324986 1184760 114460 276642 550482 139112 OTHER OPERATING EXPENSE 3383243 LOAN LOSS EXPENSE 769507 14487664 5858066 4967942 40025308 41238821 163119000 172349304 961038 569776 16555110 6173460 7399553 10381650 2543061 2789228 10844661 10928663 230750687 243225384 2523243 3801847 10000000 10000000 198981780 208367821 211505023 222169668 X 9838270 0 9407394 0 0 21055716 19245664 21055716 230750687 243225384 1810052 0 X 0 1 X 1 0 8121 PART I-A, LINE 1: $3,731 OF THE DUES PAID BY FIVE COUNTY CREDIT UNION TO THE MAINE CREDIT UNION LEAGUE IN 2016 WERE USED TOWARDS LEGISLATIVE ACTION. TRAVEL EXPENSES TOTALED $4,390 FOR THE TRIP TO WASHINGTON, DC. 1989763 1989763 8543471 2148885 6394586 70754 43084 27670 5951122 3981491 1969631 10381650 MEMBERS' SHARES & SAVINGS ACCOUNTS 208367821 208367821 X 16297716 0 16297716 0 16297716 14487664 0 14487664 0 14487664 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. FIVECO SOLUTIONS, LLC IS A PASS-THROUGH ENTITY TO THE CREDIT UNION, THEREFORE, ITS ACTIVITIES ARE SUBJECT TO THE SAME TAX ATTRIBUTES AS THE CREDIT UNION. X X X X 0 0 0 JULIE A MARQUIS SECRETARY, TREASURER & CEO 216423 0 47693 0 0 0 0 0 45340 0 309456 0 0 0 KENNETH H STOCKFORD SVP FINANCE & TECHNOLOGY/CFO 136453 0 34451 0 0 0 0 0 26364 0 197268 0 0 0 TERRI RYAN SVP ADMINISTRATION 119546 0 29671 0 0 0 0 0 22495 0 171712 0 0 0 MICHAEL FOLEY SVP SUPPORT SERVICES 103142 0 29395 0 0 0 0 0 23100 0 155637 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 FIVE COUNTY CREDIT UNION OFFERS MEMBERSHIP TO ANYONE WHO WORKS, RESIDES OR WORSHIPS IN ANDROSCOGGIN, CUMBERLAND, LINCOLN, KENNEBEC, SAGADAHOC, WALDO, SOMERSET, OR KNOX COUNTY. MEMBERSHIP IS ALSO AVAILABLE TO EMPLOYEES OF BATH IRON WORKS, EMPLOYEES OF FIVE COUNTY FEDERAL CREDIT UNION AND RELATIVES OF ALL SUCH EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 7A FIVE COUNTY CREDIT UNION MEMBERS OWN THE CREDIT UNION. MEMBERS ARE ENTITLED TO ELECT, AND BE ELECTED TO THE VOLUNTEER BOARD OF DIRECTORS, WHICH IS COMPOSED OF FELLOW MEMBERS AND SETS POLICIES FOR THE OPERATION OF THE CREDIT UNION BASED ON THE NEEDS AND WISHES OF MEMBERS. THE BOARD OF DIRECTORS SETS DIVIDEND RATES, LOAN INTEREST RATES, AND FEES AMONG OTHER THINGS, AND ALSO DETERMINES CREDIT UNION POLICY. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF FORM 990, THE GOVERNING BODY REVIEWS THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY BY BOARD OF DIRECTORS. THE BOARD OF DIRECTORS AND MANAGEMENT WATCH FOR INSTANCES OF ANY CONFLICT OF INTEREST AT ALL TIMES. FORM 990, PART VI, SECTION B, LINE 15 FIVE COUNTY CREDIT UNION USES COMPEASE SALARY ADMINISTRATION PROGRAM TO DETERMINE COMPENSATION OF THE CREDIT UNION'S OFFICERS AND KEY EMPLOYEES. ADDITIONALLY, YEARLY COMPENSATION REVIEWS ARE PERFORMED FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FIVE COUNTY CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE DISPLAYED IN LOBBIES. FIVECO SOLUTIONS LLC 765 WASHINGTON STREET BATH ME 04530 203634600 RETAIL BANKING DELIVERY UNITS FOR VIDEO BANKING ME 0 FIVE COUNTY CREDIT UNION