2017-05-31T10:02:23-05:00 2015-12-31 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2015-01-01 016015389 PEOPLESCHOICE CREDIT UNION PEOP 2072824156 23 INDUSTRIAL PARK ROAD SACO ME 04072 LUKE LABBE PRESIDENT 2072824156 2017-05-30 1 BRAD WELLER P00285183 2077745701 2017-05-30 X 2015 2021-01-29 14:40:06Z X 23 INDUSTRIAL PARK ROAD SACO ME 04072 8277460 0 X WWW.PEOPLESCHOICECREDITUNION.COM X 1962 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 9 9 64 0 75915 -65880 0 0 4566548 4875984 686241 672764 2529423 2728712 7782212 8277460 0 0 988847 958532 2927562 3235631 0 0 0 3215803 3583297 7132212 7777460 650000 500000 154040632 165727943 140740443 152040299 13300189 13687644 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 7777460 7528781 THE CREDIT UNION HAS 16,297 MEMBERS AS OF 12/31/2015. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 7777460 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 1657 0 1 64 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 0 1 1 1 0 X LUKE LABBE 2072824156 PO BOX 488 BIDDEFORD ME 04005 CRAIG PENDLETON CHAIRMAN 0.00 X X 0 0 0 LISA PARKER VICE - CHAIRMAN 0.00 X X 0 0 0 ANN PETERSON MEMBER 0.00 X 0 0 0 JEFFREY LETELLIER SECRETARY 0.00 X X 0 0 0 JEREMY RAY MEMBER 0.00 X 0 0 0 EDWARD JACKSON TREASURER 0.00 X X 0 0 0 RAYMOND LAFORTUNE MEMBER 0.00 X 0 0 0 SUSAN DESCHAMBAULT MEMBER 0.00 X 0 0 0 GEOFFREY LACUESSA MEMBER 0.00 X 0 0 0 RAYMOND GAGNON MEMBER 0.00 X 0 0 0 KIMBERLY TITUS MEMBER 0.00 X 0 0 0 LUKE LABBE PRESIDENT 40.00 X 240265 0 23271 NANCY GRANT VP FINANCE/IT 40.00 X 115121 0 16964 ERIC GREEN VP OPERATIONS/LENDING 40.00 X 111706 0 15393 467092 0 55628 3 0 1 0 SYNERGENT POBOX 1236 PORTLAND ME 04104 DATA PROCESSING SERVICES 288593 FIRST DATA 11950 JOLLYVILLE RD AUSTIN TX 78756 HOME BANKING SERVICE PROVIDER 190199 BP CLEANING PO BOX 1194 BIDDEFORD ME 04005 JANITORIAL 124374 3 LOAN INCOME FROM MEMBE 522100 4875984 4875984 4875984 672764 672764 OTHER INCOME 522100 1842579 1842579 SERVICE CHARGES AND FE 522100 810218 810218 NON-MEMBER ATM FEES 522100 34795 34795 41120 41120 2728712 8277460 7528781 75915 672764 958532 263536 2972095 711132 965630 749665 108532 LOAN SERVICING/COLLECTI 454694 PROVISION FOR BAD DEBTS 275000 EDUCATION & PROMOTIONAL 196606 MISCELLANEOUS 107129 14909 7777460 7627920 4455061 37015598 29138190 94329612 113415364 12264151 4225642 7507632 8038509 7559870 10680819 154040632 165727943 1356184 2610267 7500000 7000000 131884259 142430032 140740443 152040299 X 0 0 0 0 13300189 13687644 13300189 13687644 154040632 165727943 X 500000 18955 -131500 X 0 0 0 1203914 1203914 9091750 2555198 6536552 1968487 1670444 298043 8038509 OTHER ASSETS 9251150 NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 1323316 FORECLOSURE & REPOSSESSED ASSETS 106353 10680819 MEMBERS' SHARE AND SAVINGS ACCOUNT 142430032 142430032 8277460 0 8277460 0 8277460 7777460 0 7777460 0 7777460 0 0 0 LUKE LABBE PRESIDENT 210265 0 30000 0 0 0 0 0 23271 0 263536 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 11 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 -131,500. FORM 990, HEADING ITEM B, AMENDED RETURN INFORMATION: ON THE ORIGINALLY FILED FORM 990, 06/30/2015 INCOME, EXPENSE, AND BALANCE SHEET INFORMATION WAS INADVERTENTLY USED TO PREPARE THE ORIGINALLY FILED 990. THE 990 HAS BEEN AMENDED TO REPORT THIS INFORMATION FOR THE FULL CALENDAR YEAR. BELOW IS A LISTING OF THE FORM 990 PARTS AND SCHEDULES THAT HAVE BEEN UPDATED: -FORM 990, PART I - REVENUE, EXPENSE, AND NET ASSET INFORMATION UPDATED. -FORM 990, PART III, LINES 4A-4C - EXPENSE AMOUNT , REVENUE AMOUNT, AND NARRATIVE UPDATED. -FORM 990, PART IV, LINE 12A AND 26 - CHANGED TO NO. -FORM 990, PART V, LINES 7E AND 7F - CHANGED TO NO. -FORM 990, PART VII, SECTION A - CHECKED OFF OFFICER FOR CRAIG PENDLETON AND EDWARD JACKSON. -FORM 990, PART VIII - REVENUE AMOUNTS UPDATED. -FORM 990, PART IX - EXPENSE AMOUNTS UPDATED. -FORM 990, PART X - BALANCE SHEET AMOUNTS UPDATED. -FORM 990, PART XI - FINANCIAL FIGURES UPDATED. -SCHEDULE D, PART VI - FINANCIAL FIGURES UPDATED. -SCHEDULE D, PART IX AND X - FINANCIAL FIGURES UPDATED. -SCHEDULE D, PART XI AND XII - FINANCIAL FIGURES UPDATED. -SCHEDULE L ELIMINATED, AS LOANS TO INTERESTED PERSONS ARE MADE ON THE SAME TERMS AS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION.