Cport Credit Union is located in Portland, ME. As of 12/2018, Cport Credit Union employed 94 individuals.
For the year ending 12/2018, Cport Credit Union generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $10.4m during the year ending 12/2018. While expenses have increased by 8.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION HAS 23,168 MEMBERS AS OF 12/31/2018. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eugene Ardito President & CEO | OfficerTrustee | 40 | $406,770 |
Christian Vandyck Svp/ General Counsel | Officer | 40 | $110,687 |
Kelsey Marquis VP Of Finance | Officer | 40 | $79,067 |
James Cloutier Treasurer | OfficerTrustee | 1 | $0 |
Mark Fernandez Vice Chairman | OfficerTrustee | 1 | $0 |
Scott Paquet Chairman | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Synergent Core Processing And Related Services | 12/30/18 | $1,065,517 |
Systems Engineering Information Tech. Services | 12/30/18 | $303,582 |
Malauzai Software Inc Online Banking Provider | 12/30/18 | $231,326 |
Portland Safe Atm Purchases And Maintenance | 12/30/18 | $218,819 |
Landry French Construction Contractors For New Branch | 12/30/18 | $1,641,472 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $11,450,617 |
Investment income | $698,719 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$4,279 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,416,693 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $978,628 |
Compensation of current officers, directors, key employees. | $642,647 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,950,687 |
Pension plan accruals and contributions | $104,258 |
Other employee benefits | $318,762 |
Payroll taxes | $261,963 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $841,843 |
Advertising and promotion | $327,489 |
Office expenses | $397,232 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $417,736 |
Travel | $85,692 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $417,509 |
Insurance | $61,159 |
All other expenses | $99,890 |
Total functional expenses | $10,356,752 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,631,093 |
Savings and temporary cash investments | $36,848,198 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $158,586,968 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $11,716,810 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,803,615 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,405,977 |
Total assets | $218,992,661 |
Accounts payable and accrued expenses | $2,604,196 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $195,114,943 |
Total liabilities | $197,719,139 |
Unrestricted restricted net Assets | $0 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $21,273,522 |
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