2017-05-11T13:22:33-05:00 2016-12-31 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2016-01-01 016015389 PEOPLESCHOICE CREDIT UNION PEOP 2072824156 23 INDUSTRIAL PARK ROAD SACO ME 04072 LUKE LABBE PRESIDENT 2072824156 2017-05-10 1 BRAD WELLER P00285183 2077745701 2017-05-10 X 66.186.191.122 2017-05-10 14:56:00 ED P 210BD80361C474E9EDF0767AEA879AC992B96D4F E956E2CE97D3FE45D3C81A537A7A99AA44E2B00A 2016 2021-01-29 14:40:06Z 23 INDUSTRIAL PARK ROAD SACO ME 04072 9799402 0 X WWW.PEOPLESCHOICECREDITUNION.COM X 1962 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 9 9 62 9 81196 -89523 0 0 4875984 6466380 672764 367558 2728712 2965464 8277460 9799402 0 0 958532 1069489 3235631 3677034 0 0 0 3583297 4440879 7777460 9187402 500000 612000 165727943 180881918 152040299 166865283 13687644 14016635 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 9187402 9350648 THE CREDIT UNION HAS 17,732 MEMBERS AS OF 12/31/2016. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 9187402 0 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 0 1 1763 0 1 62 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LUKE LABBE 2072824156 PO BOX 488 BIDDEFORD ME 04005 CRAIG PENDLETON CHAIRMAN 1.00 X X 0 0 0 LISA PARKER VICE CHAIRMAN 1.00 X X 0 0 0 JEFFREY LETELLIER SECRETARY 1.00 X X 0 0 0 RAYMOND LAFORTUNE JR TREASURER 1.00 X X 0 0 0 JEREMY RAY MEMBER 1.00 X 0 0 0 SUSAN DESCHAMBAULT MEMBER 1.00 X 0 0 0 GEOFFREY IACUESSA MEMBER 1.00 X 0 0 0 KIMBERLY TITUS MEMBER 1.00 X 0 0 0 TRAVIS VIGNEAULT MEMBER 1.00 X 0 0 0 LUKE LABBE PRESIDENT 40.00 X 266700 0 24026 NANCY GRANT VP FINANCE/IT 40.00 X 120140 0 12367 ERIC GREEN VP OPERATIONS/LENDING 40.00 X 117551 0 7025 KURT SCHICKLE MORTGAGE LOAN ORIGINATOR 40.00 X 122716 0 9301 EVA SOMMER MORTGAGE LOAN ORIGINATOR 40.00 X 123260 0 12776 750367 0 65495 5 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 DATA PROCESSING SERVICES 349436 FIRST DATA 11950 JOLLYVILLE RD AUSTIN TX 78756 HOME BANKING SERVICE PROVIDER 191825 BP CLEANING AND HOME MAINTENANCE PO BOX 1194 BIDDEFORD ME 04005 JANITORIAL SERVICES 107560 3 LOAN INCOME FROM MEMBE 522100 6466380 6466380 6466380 367558 367558 OTHER INCOME 522100 1992123 1992123 SERVICE CHARGES AND FE 522100 892145 892145 NON-MEMBER ATM FEES 522100 37570 37570 43626 43626 2965464 9799402 9350648 81196 367558 1069489 423233 3253801 767799 1132718 772908 96618 LOAN SERVICING/COLLECTI 767963 PROVISION FOR BAD DEBTS 533000 EDUCATION & PROMOTIONAL 235618 MISCELLANEOUS 115140 19115 9187402 4455061 3702513 29138190 18258788 113415364 139178451 12400023 4683694 8038509 7716329 10680819 12025837 165727943 180881918 2610267 3437419 7000000 5000000 142430032 158427864 152040299 166865283 X 0 0 0 0 13687644 14016635 13687644 14016635 165727943 180881918 X 612000 179471 -462480 X 0 0 0 1203914 1203914 9091751 2866890 6224861 2104358 1816804 287554 7716329 OTHER ASSETS 10403586 NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 1483039 FORECLOSURE & REPOSSESSED ASSETS 139212 12025837 MEMBERS' SHARE AND SAVINGS ACCOUNT 158427864 158427864 9799402 0 9799402 0 9799402 9187402 0 9187402 0 9187402 X 0 0 0 LUKE LABBE PRESIDENT 224700 0 42000 0 0 0 2650 0 21376 0 290726 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS HAVE A VOTE DURING THE ANNUAL MEETING TO APPOINT THE BOARD OF DIRECTORS TO THE CREDIT UNION BUT THE BOARD OF DIRECTORS MAKES MOST SIGNIFICANT DECISIONS ONCE ELECTED. THE MEMBERS RECEIVE MONTHLY DIVIDENDS BASED ON SHARE ACCOUNTS. MEMBERS DO NOT RECEIVE ANY DISTRIBUTIONS, PROFITS, OR NET ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE A VOTE DURING THE ANNUAL MEETING TO APPOINT THE BOARD OF DIRECTORS FOR THE CREDIT UNION, REGARDLESS OF THEIR MEMBERSHIP BALANCE. FORM 990, PART VI, SECTION A, LINE 7B MOST DECISIONS ARE MADE BY THE BOARD OF DIRECTORS. THE ONLY DECISION THE MEMBERS WOULD VOTE ON IS THE ELECTION OF THE BOARD OF DIRECTORS AND APPROVAL OF ANY MERGERS WITH ANOTHER INSTITUTION THAT WOULD HAVE BEEN BASED ON A DECISION BY THE BOARD OF DIRECTORS TO HAVE A VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE PRESIDENT OF THE CREDIT UNION REVIEWS THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S POLICY IS WITHIN VARIOUS POLICIES. EMPLOYEES WITH THE ABILITY TO ORIGINATE LOANS ARE NOT ABLE TO DO SO TO THEMSELVES OR FOR ANY FAMILY MEMBERS. ALL LOANS GO THROUGH A CLOSING CHECKLIST TO ENSURE PROPER APPROVAL AND THE NEW LOAN REPORT IS REVIEWED BY A COMPLIANCE OFFICER AS WELL AS PRESENTED TO THE BOARD OF DIRECTORS MONTHLY. EMPLOYEES ARE ALSO RESTRICTED FROM PERFORMING ANY TRANSACTIONS ON THEIR ACCOUNTS, OR FAMILY MEMBER ACCOUNTS; EMPLOYEES CANNOT MAKE ANY CHANGES TO THEIR ACCOUTNS AND WOULD NEED ANOTHER EMPLOYEE TO DO SO. THE FILE MAINTENANCE REPORT IS REVIEWED DAILY TO REVIEW ANY CHANGES TO EMPLOYEE ACCOUNTS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES KOKER GOODWIN & ASSOCIATES, INC., A COMPENSATION AND PERFORMANCE CONSULTANT GROUP OUT OF WICHITA, KS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT -462,480.