University Credit Union

Organization Overview

University Credit Union is located in Orono, ME. As of 12/2021, University Credit Union employed 95 individuals. University Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, University Credit Union generated $20.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $16.1m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

UNIVERSITY CREDIT UNION ADVANCES YOUR FINANCIAL WELL-BEING IN EVERY STAGE OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION HAS 27,959 MEMBERS AS OF 12/31/2021. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
St Clair Media Group
Marketing
$164,400
Property Valuation Services Inc
Appraisals
$209,385
Docusign Inc
Software Support
$152,935
Synergent
Data Processing
$1,345,151
Portland Safe Consulting & Design Inc
Equipment & Service Support
$267,817
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$19,082,321
Investment income $1,229,729
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $343,773
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,708,166

Grants Awarded

Over the last fiscal year, University Credit Union has awarded $110,926 in support to 4 organizations.

Grant RecipientAmount

FHLB CONDUIT GRANTS - 9 GRANTEES

PURPOSE: JNE RECOVERY GRANTS FROM BOSTON'S FHLB

$50,000

UNIVERSITY OF SOUTHERN MAINE FOUNDATION

Org PageRecipient Profile

Orono, ME

PURPOSE: CHARITABLE SUPPORT

$30,100

UNIVERSITY OF MAINE FOUNDATION

Org PageRecipient Profile

Orono, ME

PURPOSE: CHARITABLE SUPPORT

$16,750

UNIVERSITY OF MAINE AT PRESQUE ISLE

PURPOSE: CHARITABLE SUPPORT

$14,076
View Grant Profile

Peer Organizations

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