EIN 01-0196194

Maine State Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
154
City
Augusta
State
Year formed
1935
Most recent tax filings
2023-12-01
Description
Provide members with savings and loan services.
Related structure
Maine State Credit Union is a child organization, under an unknown parent.
Also known as...
Maine State CU
Total revenues
$30,231,672
2023
Total expenses
$28,782,297
2023
Total assets
$643,067,217
2023
Num. employees
154
2023

Program areas at Maine State Credit Union

The Credit Union has 35,440 members as of 12/31/2023. Members have access to a wide variety of low cost, high quality services.

Grants made by Maine State Credit Union

GranteeGrant descriptionAmount
Maine Credit Union's Campaign for Ending HungerTo Combat Food Insecurity in Maine$102,037
Foundation for Maine Community CollegesScholarships$94,400
Maine Maritime AcademyScholarships$5,600

Personnel at Maine State Credit Union

NameTitleCompensation
Stephen WallacePresident and Chief Executive Officer$359,023
Adam KavanaghSenior Vice President and Chief Operating Officer$233,444
Jason HiltInterim Chief Financial Officer$109,677
Neal BlakeSenior Vice President and Chief Financial Officer
Amanda CrommettSenior Vice President and Chief Organizational Development Officer$116,303
...and 21 more key personnel

Financials for Maine State Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$55,840
Program services$21,860,081
Investment income and dividends$3,199,103
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$41,218
Net gain from sale of non-inventory assets$7,921
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,067,509
Total revenues$30,231,672

Form 990s for Maine State Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-16990View PDF
2022-122023-11-07990View PDF
2021-122022-11-14990View PDF
2020-122021-11-12990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s
Data update history
October 3, 2024
Updated personnel
Identified 8 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 3 new personnel
January 16, 2024
Updated personnel
Identified 1 new personnel
January 2, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsFundraising eventsPeer-to-peer fundraisingState / local levelFundraising races, competitions, and tournaments
General information
Address
PO Box 5659
Augusta, ME 04332
County
Kennebec County, ME
Website URL
mainestatecu.org/ 
Phone
(800) 540-8707
IRS details
EIN
01-0196194
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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