Peopleschoice Credit Union

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

EIN: 016015389 ✦ Saco, ME ✦ Designated as a 501(c)(14)

Overview

What is Peopleschoice Credit Union?

Peopleschoice Credit Union is a financial institution based in Saco, Maine, serving a membership of 18,632 individuals. The organization offers its members savings and loan services at affordable costs with a commitment to quality. As a financial services provider, Peopleschoice Credit Union aims to provide its members with essential financial tools to manage their money effectively.


Official website here: www.peopleschoicecreditunion.com

Is Peopleschoice Credit Union legitimate?

Peopleschoice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Peopleschoice 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: $653,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,657,823

For more financial information, click here


Official website here: www.peopleschoicecreditunion.com

What is the mission statement of Peopleschoice Credit Union?

Peopleschoice Credit Union is dedicated to delivering savings and loan services to its membership base. They aim to provide these financial solutions at competitive costs with a focus on quality. The credit union offers a range of services to help its members effectively manage their money and achieve their financial goals. It prioritizes the needs of its 18,632 members, ensuring they have access to essential banking services. By providing affordable financial services, Peopleschoice Credit Union aims to contribute positively to the financial wellbeing of its members.


Official website here: www.peopleschoicecreditunion.com

Who is the CEO of Peopleschoice Credit Union?

Adam Warfel is the Chair of Peopleschoice Credit Union. The CEO's salary of Peopleschoice Credit Union is $418,054 and their total compensation is $446,439.


Official website here: www.peopleschoicecreditunion.com

What is the revenue of Peopleschoice Credit Union?

Peopleschoice Credit Union's revenue in 2022 was $16,021,690.


Official website here: www.peopleschoicecreditunion.com

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

The average compensation at Peopleschoice Credit Union during 2022 was $86,457. There are 73 employees and 10 volunteers at Peopleschoice Credit Union.

Here are 16 key members and their salaries (Peopleschoice Credit Union's CEO's salary is $418,054 and their total compensation is $446,439):

    Luke Labbe (Ceo)
  • Compensation: $418,054
  • Related: $0
  • Other: $28,385

    • Kurt Schickle (Avp Mortgage Lending)
  • Compensation: $226,636
  • Related: $0
  • Other: $15,895

    • Adam Warfel (Cfo)
  • Compensation: $195,168
  • Related: $0
  • Other: $8,885

    • Daniel Dallaire (Coo)
  • Compensation: $155,490
  • Related: $0
  • Other: $8,885

    • John Laverriere (Avp Marketing & Technology)
  • Compensation: $139,327
  • Related: $0
  • Other: $4,504

    • Shannon Kashinsky (Cpo)
  • Compensation: $124,966
  • Related: $0
  • Other: $647

    • Kyle Soule (Mortgage Loan Originator)
  • Compensation: $124,027
  • Related: $0
  • Other: $0

    • Lisa Parker (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeremy Ray (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Geoffrey Iacuessa (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kimberly Titus (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Travis Vigneault (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Pendleton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Montembeau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Susan Deschambault (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.peopleschoicecreditunion.com

    Where can I find the form 990 for Peopleschoice Credit Union?

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


    Official website here: www.peopleschoicecreditunion.com

    Learn more at the official website: www.peopleschoicecreditunion.com

    Mission Statement of Peopleschoice Credit Union

    Peopleschoice Credit Union, a leading financial services provider, is dedicated to delivering savings and loan services to its 18,632 members at affordable costs with superior quality. The organization prides itself on empowering its members to manage their finances effectively, providing them with essential financial tools to meet their various needs.

    Peopleschoice Credit Union's mission is to make a significant difference in the lives of its members by offering a wide range of financial services tailored to their unique requirements. The credit union's team of highly skilled professionals works diligently to ensure that each member receives personalized attention and guidance, ensuring their financial journey is successful. By offering competitive interest rates and flexible repayment options, Peopleschoice Credit Union enables its members to save and borrow with confidence.

    The heart of Peopleschoice Credit Union lies in its commitment to putting its members first. Through its comprehensive suite of savings and loan products, the organization provides its members with the resources they need to build a strong financial foundation. From savings accounts that help members save for the future to affordable loans that cater to various life stages, Peopleschoice Credit Union offers solutions that cater to the diverse financial needs of its members. The organization's focus on low costs and high quality sets it apart from other financial institutions, making it a trusted partner for its members in their financial journey.

    Impact

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




    Thursday, August 15, 2024

    Peopleschoice Credit Union positively impacts its 18,632 members by providing them with essential savings and loan services in Saco, ME. By offering these services at low costs and with high quality, Peopleschoice Credit Union helps its members manage their finances effectively and achieve their financial goals. Through its public benefit tag, the credit union demonstrates its commitment to serving the community and contributing to their overall financial well-being.





    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: $1,622,634
  • Program Service Revenue: $10,154,940
  • Gross Receipts: $16,021,690

    • Assets and Liabilities:
  • Total Assets: $320,519,293
  • Total Liabilities: $305,548,717
  • Net Assets: $14,970,576
  • Programs

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

    LOAN INCOME FROM MEMBERS

    Revenue

    $10,154,940

    Organization Details

    Founding Year

    1962

    Principal Officer

    Adam Warfel

    Main Address

    23 INDUSTRIAL PARK ROAD, SACO, ME, 04072

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Peopleschoice 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.