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MAINE STATE CREDIT UNION

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Public IRS 990 nonprofit record

MAINE STATE CREDIT UNION

EIN 01-0196194

What they do

PROVIDE MEMBERS WITH SAVINGS and LOAN SERVICES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

72.03%of revenue went to mission work100.0% of expenses · Program services
$97.35spent for every $100 of revenueRevenue covered expenses this year.
$18.11in assets for every $1 spent this yearSome assets cannot be spent right away.
0.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $434,545 for STEPHEN WALLACE (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$19,510,815
Mission workProgram services$14,053,97672.03% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$5,456,83927.97% of revenueShown in gray on the chart
Total expenses$14,053,97672.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2017CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 72.03% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.06% of revenue

Money in and money out

Revenue$39,810,710
Expenses$38,756,567
Annual surplus $1,054,143 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$14,053,976 · 36.3% of expenses
See all reported dollar amounts
Revenue$39,810,710
Expenses$38,756,567
Assets$701,935,355
Contributions$55,686
Mission work (program services)$14,053,976
Grants given$482,676
Average grant$80,446
Stocks and bonds$93,527,090
Accounting fees$116,965
Investing fees$12,944
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
STEPHEN WALLACEPRESIDENT/CEO · 40 hrs/week $434,545Base $399,928 · Other $34,617
SHANE ABBOTTSVP/CHIEF STRATEGY OFFICER · 40 hrs/week $228,767Base $195,012 · Other $33,755
BRIE MELLORSVP/CHIEF LENDING OFFICER · 40 hrs/week $226,654Base $193,109 · Other $33,545
BRUCE HARRINGTONSVP COMMERCIAL LENDING · 40 hrs/week $192,545Base $164,974 · Other $27,571
ELIZEBETH JEANSVP RESIDENTIAL MORTGAGE · 40 hrs/week $181,474Base $149,305 · Other $32,169
MITCHELL RYANVP TECHNOLOGY OPERATIONS · 40 hrs/week $174,487Base $140,508 · Other $33,979
JENNIFER BECHARDVP OF HUMAN RESOURCES · 40 hrs/week $170,446Base $139,566 · Other $30,880
JEFFREY CHARLANDVP COMMERCIAL LOAN OFFICER · 40 hrs/week $165,256Base $152,157 · Other $13,099
JASON HILTSVP/CFO (THRU AUG 24) THEN SVP/CONTROLLER · 40 hrs/week $159,463Base $134,441 · Other $25,022
AMANDA CROMMETTSVP/CHIEF RETAIL OFFICER · 40 hrs/week $152,198Base $137,462 · Other $14,736
NEAL BLAKESVP/CHIEF FINANCIAL OFFICER · 40 hrs/week $57,535Base $47,963 · Other $9,572

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (21)

STEPHEN WALLACEPRESIDENT/CEO

SHANE ABBOTTSVP/CHIEF STRATEGY OFFICER

BRIE MELLORSVP/CHIEF LENDING OFFICER

BRUCE HARRINGTONSVP COMMERCIAL LENDING

ELIZEBETH JEANSVP RESIDENTIAL MORTGAGE

MITCHELL RYANVP TECHNOLOGY OPERATIONS

JENNIFER BECHARDVP OF HUMAN RESOURCES

JEFFREY CHARLANDVP COMMERCIAL LOAN OFFICER

JASON HILTSVP/CFO (THRU AUG 24) THEN SVP/CONTROLLER

AMANDA CROMMETTSVP/CHIEF RETAIL OFFICER

NEAL BLAKESVP/CHIEF FINANCIAL OFFICER

JAMES SOUCIEDIRECTOR

GEORGE LAPOINTESECRETARY

LEONARD CABANADIRECTOR

LIZ OUELLETTEVICE CHAIRPERSON

MICHAEL RODERIGUEDIRECTOR

GARY CROCKERDIRECTOR

ROLAND MAHEUXTREASURER

ERIC POIRIERCHAIRPERSON

DUNCAN MACKELLARDIRECTOR

THOMAS CUSICKDIRECTOR

About this charity

Location
PO BOX 5659, AUGUSTA, ME 043325659
County
Kennebec
In care of
NEAL BLAKE
Primary officer
NEAL BLAKE, CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
WIPFLI ADVISORY LLC
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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