Maine State Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010196194 ✦ Augusta, ME ✦ Designated as a 501(c)(14)

Overview

What is Maine State Credit Union?

Maine State Credit Union is a nonprofit organization that offers savings and loan services to its members. Based on the provided information, they do not have a specific location mentioned, but it can be assumed that they are based in Maine. Their primary mission is to provide financial assistance and services to their members.


Official website here: www.mainestatecu.org

Is Maine State Credit Union legitimate?

Maine State Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Maine State Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,536,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,319,094

For more financial information, click here


Official website here: www.mainestatecu.org

What is the mission statement of Maine State Credit Union?

Maine State Credit Union is committed to delivering savings and loan services to its members. Its mission is centered around providing financial assistance to individuals and families, helping them manage their money and achieve their financial goals. The credit union aims to offer personalized and accessible financial solutions, ensuring that members have the resources they need to build a secure financial future. Through its various services, Maine State Credit Union strives to foster financial literacy and empower its members to make informed financial decisions. Additionally, the credit union focuses on building strong community relationships, offering services that cater to the unique needs of its members.


Official website here: www.mainestatecu.org

Who is the CEO of Maine State Credit Union?

Stephen Wallace is the President/Ceo of Maine State Credit Union. The CEO's salary of Maine State Credit Union is $273,602 and their total compensation is $298,527.


Official website here: www.mainestatecu.org

What is the revenue of Maine State Credit Union?

Maine State Credit Union's revenue in 2022 was $24,248,381.


Official website here: www.mainestatecu.org

Who are the executives of Maine State Credit Union and what are their salaries?

The average compensation at Maine State Credit Union during 2022 was $47,282. There are 145 employees and 11 volunteers at Maine State Credit Union.

Here are 21 key members and their salaries (Maine State Credit Union's CEO's salary is $273,602 and their total compensation is $298,527):

    Tucker Cole (President/Ceo (Thru June))
  • Compensation: $321,996
  • Related: $0
  • Other: $31,196

    • Stephen Wallace (President/Ceo)
  • Compensation: $273,602
  • Related: $0
  • Other: $24,925

    • Erin Campbell (Svp/Chief Financial Office)
  • Compensation: $194,425
  • Related: $0
  • Other: $35,268

    • Adam Kavanagh (Svp/Chief Operations Offic)
  • Compensation: $186,782
  • Related: $0
  • Other: $19,678

    • Angela Harvey (Vp Of Human Resource)
  • Compensation: $172,030
  • Related: $0
  • Other: $13,159

    • Brie Mellor (Svp/Chief Lending Officer)
  • Compensation: $139,875
  • Related: $0
  • Other: $32,910

    • Bruce Harrington (Vp Of Commerical Lending)
  • Compensation: $131,743
  • Related: $0
  • Other: $35,604

    • Shane Abbott (Svp/Chief Retail Officer)
  • Compensation: $131,945
  • Related: $0
  • Other: $23,301

    • Jennifer Roper (Vp Of Marketing)
  • Compensation: $122,517
  • Related: $0
  • Other: $7,984

    • Mitchell Ryan (Vp Of Technology Operations)
  • Compensation: $104,618
  • Related: $0
  • Other: $16,284

    • Eric Poirier (Vice Chair/Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Duncan Mackellar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Roderigue (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Liz Ouellette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leonard Cabana (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Cusick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Soucie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Crocker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roland Maheux (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Su Leigh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Lapointe (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mainestatecu.org

    Where can I find the form 990 for Maine State Credit Union?

    The Maine State Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mainestatecu.org

    Learn more at the official website: www.mainestatecu.org

    Mission Statement of Maine State Credit Union

    Maine State Credit Union, a prominent financial institution, is dedicated to delivering savings and loan services to its members. In simpler terms, this organization seeks to help individuals manage their money effectively by providing them with a range of financial products.

    The mission of Maine State Credit Union is geared towards empowering its members to achieve their financial goals. By offering savings and loan services, the credit union enables its members to save for the future and access funds when needed. This not only promotes financial stability but also fosters a sense of financial independence.

    The credit union's commitment to its members extends beyond basic financial services. It aims to build strong relationships based on trust and mutual respect. The credit union's team of financial experts is always on hand to provide guidance and support, ensuring that each member receives personalized advice tailored to their unique financial situation.

    Moreover, Maine State Credit Union prides itself on being a member-owned and member-controlled organization. This means that its decisions are driven by the needs and interests of its members. The credit union's democratic structure ensures that each member has a voice in the organization and a stake in its success.

    In summary, Maine State Credit Union is more than just a financial institution. It is a community of individuals working together to improve their financial futures. Through its savings and loan services, the credit union provides its members with the tools they need to achieve their financial goals and build a brighter future for themselves and their families.

    Impact

    This information is meant to be a general summary of Maine State Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Maine State Credit Union provides its members with savings and loan services, contributing to the financial well-being of individuals and families in the Augusta, ME area. By offering financial products and services designed to help people save, borrow, and manage their money effectively, Maine State Credit Union plays a critical role in promoting economic stability and growth within the community. Through its activities, the credit union positively impacts the financial health and future prospects of its members, ultimately fostering a more prosperous and resilient local economy.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,218,674
  • Program Service Revenue: $17,601,865
  • Gross Receipts: $38,982,482

    • Assets and Liabilities:
  • Total Assets: $586,697,194
  • Total Liabilities: $534,910,747
  • Net Assets: $51,786,447
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INCOME FROM MEMBERS

    Revenue

    $17,601,865

    Organization Details

    Founding Year

    1935

    Principal Officer

    Stephen Wallace

    Main Address

    PO BOX 5659, AUGUSTA, ME, 043325659

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Maine State Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.