Maine State Credit Union

Maine State Credit Union Overview

Maine State Credit Union is located in Augusta, ME. As of 12/2019, Maine State Credit Union employed 98 individuals.

For the year ending 12/2019, Maine State Credit Union generated $20.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $17.9m during the year ending 12/2019. While expenses have increased by 7.1% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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 30,222 MEMBERS AS OF 12/31/2019. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.


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Maine State Credit Union Vendors

Vendor Name (Service)Compensation
Synergent
Data Processing
$1,308,762
Element
Design Consulting
$318,178
Jack Henry & Associates Inc
Financial Services
$270,295
Wh Demmons Inc
Hvac Firm
$259,727
Workgroup Technology Partners Inc
Managed It Services
$221,740
View All Vendors

Financial Statements

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$15,455,697
Investment income $1,844,009
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,717,237

Maine State Credit Union Peer Organizations

Organization NameAssets
Sisters Of Saint Ann Anna Maria College
Paxton, MA
$48,953,571
Peabody Essex Museum Inc
Salem, MA
$55,752,290
Noble And Greenough School
Dedham, MA
$52,902,949
Family Health Center Of Worcester Inc
Worcester, MA
$51,005,573
Pinkerton Academy
Derry, NH
$50,814,999
Rivier University
Nashua, NH
$50,041,895
Vna Home & Hospice
South Portland, ME
$48,586,531
Down East Community Hospital
Machias, ME
$50,232,566
Springwell Inc
Waltham, MA
$49,797,029
Douglas A Thom Clinic Inc
Natick, MA
$47,901,525
Beth Israel Lahey Health Inc Hcsr
Cambridge, MA
$49,576,092
Houlton Regional Hospital
Houlton, ME
$47,621,728

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