Peopleschoice Credit Union
- Assets
- $202.9m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 55
- Location
- Saco, ME
- Founding
- Data as of
- 12/2018
- EIN
- 01-6015389
Peopleschoice Credit Union Overview
Peopleschoice Credit Union is located in Saco, ME. As of 12/2018, Peopleschoice Credit Union employed 55 individuals.
For the year ending 12/2018, Peopleschoice Credit Union generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $11.5m during the year ending 12/2018. While expenses have increased by 10.3% 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 18,632 MEMBERS AS OF 12/31/2018. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
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PDF Copies of 990 Filings
Peopleschoice Credit Union Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Labbe President | Officer | 40 | $320,005 |
Kurt Schickle Mortgage Loan Originator | 40 | $188,659 | |
Nancy Grant VP Finance/it | Officer | 40 | $134,800 |
Eric Green VP Operations/lending | 40 | $133,228 | |
Brenda Piecuch VP Compliance | 40 | $105,840 | |
Shannon Kashinsky VP Human Resources | 40 | $100,991 |
Peopleschoice Credit Union Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synergent Data Processing Services | 12/30/17 | $388,898 |
First Data Home Banking Service Provider | 12/30/17 | $115,723 |
Bp Cleaning And Home Maintenance Janitorial Services | 12/30/17 | $152,752 |
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 | $8,748,781 |
| Investment income | $373,504 |
| 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 | $12,591,322 |
| 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 | $1,404,252 |
| Compensation of current officers, directors, key employees. | $493,405 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,646,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $845,780 |
| Advertising and promotion | $0 |
| Office expenses | $1,327,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $795,910 |
| Travel | $110,875 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $24,868 |
| Total functional expenses | $11,491,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,246,553 |
| Savings and temporary cash investments | $17,749,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,527,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,245,221 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,159,199 |
| Total assets | $202,927,457 |
| Accounts payable and accrued expenses | $2,373,350 |
| 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 | $3,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $181,179,096 |
| Total liabilities | $186,552,446 |
| 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 | $16,375,011 |
Peopleschoice Credit Union Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sisters Of Saint Ann Anna Maria College Paxton, MA | $53,104,648 | $48,953,571 |
Peabody Essex Museum Inc Salem, MA | $744,344,002 | $55,752,290 |
Noble And Greenough School Dedham, MA | $296,315,709 | $52,902,949 |
Family Health Center Of Worcester Inc Worcester, MA | $21,349,121 | $51,005,573 |
Pinkerton Academy Derry, NH | $84,999,106 | $50,814,999 |
Rivier University Nashua, NH | $127,299,502 | $50,041,895 |
Vna Home & Hospice South Portland, ME | $12,667,197 | $48,586,531 |
Down East Community Hospital Machias, ME | $34,835,177 | $50,232,566 |
Springwell Inc Waltham, MA | $21,002,244 | $49,797,029 |
Douglas A Thom Clinic Inc Natick, MA | $16,447,378 | $47,901,525 |
Beth Israel Lahey Health Inc Hcsr Cambridge, MA | $36,494,434 | $49,576,092 |
Houlton Regional Hospital Houlton, ME | $23,834,079 | $47,621,728 |
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