Overview
What is Five County Credit Union?
Five County Credit Union is a member-based financial institution located in Bath, Maine. Its service area encompasses individuals residing or working in the counties of Androscoggin, Cumberland, Lincoln, Kennebec, Sagadahoc, Waldo, Somerset, and Knox, as well as employees and their relatives of Bath Iron Works. The primary function of this credit union is to offer loans to its members and their families. As of December 31, 2022, Five County Credit Union boasts a membership of 29,235 and manages $331,140,407 in total deposits. Additionally, there were 21,985 outstanding loans with a total balance of $227,347,279. Their mission is to deliver relationship services with trusted solutions.
Official website here: www.fivecounty.com
Is Five County Credit Union legitimate?
Five County Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Five County 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: $846,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,094,505
For more financial information, click here
Official website here: www.fivecounty.com
What is the mission statement of Five County Credit Union?
Five County Credit Union is dedicated to delivering relationship services with trusted solutions. Their primary mission revolves around offering loans to members and their families, fostering financial growth and stability for those within their community. The credit union serves over 29,000 members as of December 31, 2022, with total deposits amounting to over $331 million. With a strong commitment to lending, they had 21,985 outstanding loans to members, totaling $227 million in balances at the same time. By focusing on building trust and providing reliable financial solutions, Five County Credit Union aims to make a positive impact on the lives of its members.
Official website here: www.fivecounty.com
Who is the CEO of Five County Credit Union?
Julie A Marquis is the Chairman of Five County Credit Union. The CEO's salary of Five County Credit Union is $516,721 and their total compensation is $563,198.
Official website here: www.fivecounty.com
What is the revenue of Five County Credit Union?
Five County Credit Union's revenue in 2022 was $19,031,105.
Official website here: www.fivecounty.com
Who are the executives of Five County Credit Union and what are their salaries?
The average compensation at Five County Credit Union during 2022 was $52,941. There are 150 employees and 10 volunteers at Five County Credit Union.
Here are 13 key members and their salaries (Five County Credit Union's CEO's salary is $516,721 and their total compensation is $563,198):
- Julie A Marquis (President & Ceo)
- Kenneth H Stockford (Svp Finance & Technology/C)
- Michael Foley (Svp Support Services)
- Jennifer Andersen (Svp Retail Services)
- Terri Ryan (Svp Administration)
- Lynn Farmer (Svp Human Resources)
- Robert Brewer (Chairman) [Trustee/Director]
- Merlin Suggs (Vice Chairman) [Trustee/Director]
- Mona Faulter (Secretary/Treasurer) [Trustee/Director]
- Bruce Wilson (Director)
- A Bosica (Director)
- Peter Decourcy (Director)
- Sam May (Director)
Official website here: www.fivecounty.com
Where can I find the form 990 for Five County Credit Union?
The Five County Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fivecounty.com
Learn more at the official website: www.fivecounty.com
Mission Statement of Five County Credit Union
Five County Credit Union, a member-centric financial institution, is dedicated to delivering relationship services with trusted solutions. The mission of this credit union is to extend its reach to individuals living or working in the counties of Androscopgin, Cumberland, Lincoln, Kennebec, Sagadahoc, Waldo, Somerset, and Knox, Maine. Additionally, it welcomes active and retired employees of Bath Iron Works and their relatives into its fold.
At the core of Five County Credit Union's operations is the provision of loans to its members and their families. With a membership base of 29,235 as of December 31, 2022, and total deposits of $331,140,407, the credit union has a strong financial foundation. Its loan portfolio, consisting of 21,985 outstanding loans with a total balance of $227,347,279, attests to its commitment to financial assistance.
Five County Credit Union goes beyond the scope of a typical financial institution by focusing on relationship building. Its trusted solutions aim to cater to the diverse financial needs of its members, offering loan products tailored to their unique circumstances. This member-centric approach fosters a strong sense of community and trust among its users. By prioritizing the well-being of its members, Five County Credit Union distinguishes itself as a reliable financial partner.
Impact
This information is meant to be a general summary of Five County Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Five County Credit Union's impact is significant in providing trusted financial solutions to its diverse membership base. By offering loans to members and their families, Five County Credit Union plays a crucial role in supporting the financial well-being of individuals living or working in several counties in Maine, as well as employees of Bath Iron Works and their relatives. With over 29,000 members and substantial deposits and outstanding loans, Five County Credit Union contributes to economic stability and growth in the communities it serves. The organization's mission of delivering relationship services underscores its commitment to fostering financial empowerment and security for its members, making a tangible difference in improving their lives.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$10,052,074
MEMBER SERVICE FEES
Revenue
$3,757,283
Organization Details
Founding Year
1956
Phone
(207) 443-3528
Principal Officer
Julie A Marquis
Main Address
765 WASHINGTON STREET, BATH, ME, 04530
Website
www.fivecounty.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Five County 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.