2016-05-10T13:01:51-05:00 2015-12-31 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2015-01-01 010261795 FIVE COUNTY CREDIT UNION FIVE 2074433528 765 WASHINGTON STREET BATH ME 04530 RICHARD B DUPUIS CEO & TREASURER 2074433528 2016-05-09 1 MARK AYERS P00289581 2077745701 2016-05-09 X 2015 2016-09-27 15:27:22Z RICHARD B DUPUIS 765 WASHINGTON STREET BATH ME 04530 14839417 0 1 X WWW.FIVECOUNTY.COM X 1956 ME DELIVERING RELATIONSHIP SERVICES WITH TRUSTED SOLUTIONS. 7 6 146 12 450278 -43448 0 0 8789928 9030535 455444 621033 5241187 5109515 14486559 14761083 0 0 0 0 6497724 6632752 0 0 0 7205363 7584613 13703087 14217365 783472 543718 217412610 224008302 200350069 206402044 17062541 17606258 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 12/31/15, FIVE COUNTY CREDIT UNION SERVES 26,083 MEMBERS AND HAS TOTAL DEPOSITS OF $194,304,869. IN ADDITION, THE CREDIT UNION HAS 13,148 OUTSTANDING LOANS TO MEMBERS WITH A TOTAL BALANCE OF $154,756,275 AT 12/31/15. 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 1 0 0 1 2735 0 1 146 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 CHAIRMAN 1.00 X X 0 0 0 MERLIN SUGGS VICE CHAIRMAN 1.00 X X 0 0 0 RICHARD B DUPUIS SECRETARY,TREASURER & CEO 40.00 X X 535640 0 38950 MONA FAULTER BOARD MEMBER 1.00 X 0 0 0 BRUCE WILSON BOARD MEMBER 1.00 X 0 0 0 EVELYN DESMOND BOARD MEMBER 1.00 X 0 0 0 JEFF PARKER BOARD MEMBER 1.00 X 0 0 0 JULIE A MARQUIS VP OPERATIONS/COO 40.00 X 162485 0 26571 KENNETH H STOCKFORD VP FINANCE/CFO 40.00 X 138471 0 24059 TERRI RYAN VP OF ADMIN 40.00 X 123288 0 20025 MICHAEL FOLEY VP OF SALES 40.00 X 115038 0 21570 1074922 0 131175 5 0 1 0 SYNERGENT 2 LEDGEVIEW DRIVE WESTBROOK ME 04092 DATA PROCESSING 1448958 FAIRPOINT COMMUNICATION 5 DAVIS FARM ROAD PORTLAND ME 04103 COMMUNICATION LINES 145832 WHITEPINE LANDSCAPING STATE RD BATH ME 04530 LANDSCAPING 133595 3 INTEREST INCOME 522100 9030535 9030535 9030535 573708 573708 125659 78334 47325 47325 47325 MISCELLANEOUS FEE INCOME 522100 3724431 3724431 ATM SURCHARGE INCOME 525990 1180575 934806 245769 INSURANCE INCOME 524113 204509 204509 5109515 14761083 13689772 450278 621033 1074922 4280743 423705 451452 401930 145844 144038 143615 372639 1193648 112865 759860 617670 135405 OTHER OPERATING EXPENSE 3152444 LOAN LOSS EXPENSE 806585 14217365 5405217 4941009 40206615 44694267 152211428 153617662 982136 785333 13084561 6043019 6887260 7041542 2348462 2436984 9371492 10491505 217412610 224008302 2170610 2097175 10000000 10000000 188179459 194304869 200350069 206402044 X 9190737 9282921 7871804 8323337 0 0 17062541 17606258 217412610 224008302 543718 0 X X 0 1 X 1 0 5844 PART I-A, LINE 1: $3,345 OF THE DUES PAID BY FIVE COUNTY CREDIT UNION TO THE MAIN CREDIT UNION LEAGUE IN 2015 WERE USED TOWARDS LEGISLATIVE ACTION. TRAVEL EXPENSES TOTALED $2,499 FOR THE TRIP TO WASHINGTON, DC. 1819763 1819763 5673395 1876738 3796657 893199 135999 757200 4698204 4030282 667922 7041542 MEMBERS SHARES & SAVINGS ACC 194304869 194304869 X 14761083 0 14761083 0 14761083 14217365 0 14217365 0 14217365 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF ASSETS PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF ASSETS X X X X 0 0 0 RICHARD B DUPUIS SECRETARY,TREASURER & CEO 438986 0 96654 0 0 0 0 0 38950 0 574590 0 0 0 JULIE A MARQUIS VP OPERATIONS/COO 125648 0 36837 0 0 0 0 0 26571 0 189056 0 0 0 KENNETH H STOCKFORD VP FINANCE/CFO 108775 0 29696 0 0 0 0 0 24059 0 162530 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - 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 LINE 7A EXPLANATION - 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 11 LINE 11A EXPLANATION - 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. FORM 990, PART XII, LINE 2C: THE PROCESS IN PLACE FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PRIOR YEAR. FIVECO SOLUTIONS LLC 765 WASHINGTON STREET BATH ME 04530 203634600 RETAIL BANKING DELIVERY UNITS FOR VIDEO BANKING ME 0 FIVE COUNTY CREDIT UNION CUSO MORTGAGE CORP 101 WESTERN AVENUE PO BOX 663 HAMPDEN ME 044441437 MORTGAGE SERVICES ME C 28995 6323049 0.17320 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0