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Maine State Credit Union

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Summary charts: organization finances over time

Revenue
$24.2M (2022)

Expenses
$20.9M (2022)

Total Assets
$587M (2022)

Total Liabilities
$535M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,248,381
Expenses
$20,904,856
Net Income
$3,343,525
Net Assets
$51,786,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,115
0.2%
Program Services $17,601,865
72.6%
Investment Income $2,288,535
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$69,861
Net Inventory Sales $0
Other Revenue $4,383,727
18.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,536,806
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $5,319,094
25.4%
Assets/Debt
Total Assets $586,697,194
Total Liabilities $534,910,747
Net Assets $51,786,447
Compensation
Key Employees and Officers Compensation Related Other
Tucker Cole (President/Ceo (Thru June)) $321,996 $0 $31,196
Stephen Wallace (President/Ceo) $273,602 $0 $24,925
Erin Campbell (Svp/Chief Financial Office) $194,425 $0 $35,268
Adam Kavanagh (Svp/Chief Operations Offic) $186,782 $0 $19,678
Angela Harvey (Vp Of Human Resource) $172,030 $0 $13,159
Brie Mellor (Svp/Chief Lending Officer) $139,875 $0 $32,910
Shane Abbott (Svp/Chief Retail Officer) $131,945 $0 $23,301
Bruce Harrington (Vp Of Commerical Lending) $131,743 $0 $35,604
Jennifer Roper (Vp Of Marketing) $122,517 $0 $7,984
Mitchell Ryan (Vp Of Technology Operations) $104,618 $0 $16,284
Eric Poirier (Vice Chair/Secretary) $0 $0 $0
Duncan Mackellar (Director) $0 $0 $0
Michael Roderigue (Director) $0 $0 $0
Liz Ouellette (Director) $0 $0 $0
Leonard Cabana (Director) $0 $0 $0
Thomas Cusick (Director) $0 $0 $0
James Soucie (Director) $0 $0 $0
Gary Crocker (Director) $0 $0 $0
Roland Maheux (Director) $0 $0 $0
Su Leigh (Director) $0 $0 $0
George Lapointe (Chairperson) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,418,636
Expenses
$17,839,981
Net Income
$4,578,655
Net Assets
$63,634,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,773,264
74.8%
Investment Income $1,507,352
6.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,138,020
18.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,463,181
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,257,698
23.9%
Assets/Debt
Total Assets $575,894,366
Total Liabilities $512,259,510
Net Assets $63,634,856
Compensation
Key Employees and Officers Compensation Related Other
Tucker Cole (President/Ceo) $382,447 $0 $48,159
Deborah L Sparrow (Svp / Lending & Organizati) $223,969 $0 $25,750
Mark Young (Svp/Chief Operations Offic) $222,484 $0 $9,372
Stephen Wallace (Executive Vice President) $194,449 $0 $20,266
Erin Campbell (Svp/Chief Financial Office) $168,629 $0 $18,487
Adam Kavanagh (Svp/Chief Operations Officer) $132,826 $0 $16,345
Angela Harvey (Vp Of Human Resource) $123,139 $0 $18,137
Jennifer Roper (Vp Of Marketing) $109,850 $0 $7,368
Bruce Harrington (Vp Of Commerical Lending) $107,872 $0 $31,199
Thomas Cusick (Director) $0 $0 $0
Roland Maheux (Treasurer) $0 $0 $0
Leonard Cabana (Director) $0 $0 $0
George Lapointe (Chairperson) $0 $0 $0
James Soucie (Director) $0 $0 $0
Michael Roderigue (Director) $0 $0 $0
Gary Crocker (Secretary) $0 $0 $0
Liz Ouellette (Director) $0 $0 $0
Eric Poirier (Vice Chair) $0 $0 $0
Su Leigh (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,746,217
Expenses
$19,054,731
Net Income
$1,691,486
Net Assets
$60,790,253
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,283,484
78.5%
Investment Income $1,151,986
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,310,747
16.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,046,846
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,208,744
22.1%
Assets/Debt
Total Assets $531,168,901
Total Liabilities $470,378,648
Net Assets $60,790,253
Compensation
Key Employees and Officers Compensation Related Other
Tucker Cole (President/Ceo) $354,301 $0 $49,048
Deborah L Sparrow (Svp / Lending & Organizational Development) $196,402 $0 $39,766
Mark Young (Svp/Chief Operations Offic) $196,323 $0 $21,554
Erin Campbell (Svp/Chief Financial Office) $164,811 $0 $24,644
Stephen Wallace (Svp / Retail) $135,754 $0 $19,997
Angela Harvey (Director Of Human Resource) $127,262 $0 $11,289
Sherry Nadeau (Operations Manager) $114,242 $0 $20,724
Jennifer Roper (Director Of Marketing) $111,713 $0 $10,896
Bruce Harrington (Vp Of Commerical Lending) $103,435 $0 $32,078
Thomas Cusick (Director) $0 $0 $0
Roland Maheux (Treasurer) $0 $0 $0
Leonard Cabana (Director) $0 $0 $0
George Lapointe (Chairperson) $0 $0 $0
James Soucie (Director) $0 $0 $0
Michael Roderigue (Vice Chair) $0 $0 $0
Gary Crocker (Director) $0 $0 $0
Aimee Carlton (Director) $0 $0 $0
Liz Ouellette (Director) $0 $0 $0
Eric Poirier (Secretary) $0 $0 $0
Su Leigh (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,717,237
Expenses
$17,924,353
Net Income
$2,792,884
Net Assets
$55,901,278
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,455,697
74.6%
Investment Income $1,844,009
8.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,417,531
16.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $915,672
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,898,402
21.7%
Assets/Debt
Total Assets $453,958,365
Total Liabilities $398,057,087
Net Assets $55,901,278
Compensation
Key Employees and Officers Compensation Related Other
Tucker Cole (President/Ceo) $320,734 $0 $42,478
Deborah L Sparrow (Svp/Chief Lending Officer) $183,238 $0 $23,369
Mark Young (Svp/Chief Operations Offic) $177,371 $0 $26,560
Erin Campbell (Svp/Chief Financial Office) $124,859 $0 $17,064
Angela Harvey (Director Of Human Resources) $116,549 $0 $6,730
Stephen Wallace (Vp Of Lending And Branch Administration) $105,524 $0 $15,453
Jennifer Roper (Director Of Marketing) $101,184 $0 $8,653
Thomas Cusick (Secretary) $0 $0 $0
Roland Maheux (Treasurer) $0 $0 $0
Leonard Cabana (Director) $0 $0 $0
George Lapointe (Vice Chair) $0 $0 $0
E James Soucie (Chair) $0 $0 $0
Michael Roderigue (Director) $0 $0 $0
Gary Crocker (Director) $0 $0 $0
Aimee Carlton (Director) $0 $0 $0
Liz Ouellette (Director) $0 $0 $0
Eric Poirier (Director) $0 $0 $0
Su Leigh (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,683,696
Expenses
$15,132,668
Net Income
$3,551,028
Net Assets
$51,783,799
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,743,544
73.6%
Investment Income $1,663,619
8.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,276,533
17.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $872,182
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,477,779
23.0%
Assets/Debt
Total Assets $411,220,788
Total Liabilities $359,436,989
Net Assets $51,783,799
Compensation
Key Employees and Officers Compensation Related Other
Tucker Cole (President/Ceo) $297,423 $0 $40,387
Deborah L Sparrow (Svp/Chief Lending Officer) $171,654 $0 $16,697
Mark Young (Svp/Chief Operations Officer) $163,397 $0 $23,793
Duncan Mackellar (Svp/Chief Financial Officer) $145,093 $0 $13,738
Thomas Cusick (Secretary) $0 $0 $0
Roland Maheux (Treasurer) $0 $0 $0
Leonard Cabana (Director) $0 $0 $0
George Lapointe (Vice Chair) $0 $0 $0
E James Soucie (Chair) $0 $0 $0
Michael Roderigue (Director) $0 $0 $0
Gary Crocker (Director) $0 $0 $0
Aimee Carlton (Director) $0 $0 $0
Liz Ouellette (Director) $0 $0 $0
Eric Poirier (Director) $0 $0 $0
Su Leigh (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,510,815
Expenses
$14,053,976
Net Income
$5,456,839
Net Assets
$51,509,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,983,340
61.4%
Investment Income $2,016,014
10.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,511,461
28.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $841,731
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,216,188
22.9%
Assets/Debt
Total Assets $404,259,570
Total Liabilities $352,750,129
Net Assets $51,509,441
Compensation
Key Employees and Officers Compensation Related Other
Tucker Cole (President/Ceo) $280,107 $0 $37,603
Deborah L Sparrow (Svp Of Lending/Clo) $160,380 $0 $14,941
Duncan Mackellar (Svp Of Finance/Cfo) $156,833 $0 $15,722
Mark Young (Svp Of Operations/Coo) $155,070 $0 $21,076
Thomas Cusick (Secretary) $0 $0 $0
Roland Maheux (Treasurer) $0 $0 $0
Leonard Cabana (Director) $0 $0 $0
George Lapointe (Vice Chair) $0 $0 $0
E James Soucie (Chair) $0 $0 $0
Michael Roderigue (Director) $0 $0 $0
Gary Crocker (Director) $0 $0 $0
Aimee Carlton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,740,223
Expenses
$14,406,570
Net Income
$2,333,653
Net Assets
$45,029,737
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,084,175
66.2%
Investment Income $2,220,445
13.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,435,603
20.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $877,843
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,147,903
21.9%
Assets/Debt
Total Assets $383,246,140
Total Liabilities $338,216,403
Net Assets $45,029,737
Compensation
Key Employees and Officers Compensation Related Other
Tucker Cole (President/Ceo) $246,810 $0 $26,992
Duncan Mackellar (Svp Of Finance/Cfo) $149,730 $0 $14,836
Mark Young (Svp Of Operations/Coo) $147,062 $0 $21,748
Deborah L Sparrow (Svp Of Lending/Clo) $145,676 $0 $13,658
Normand Dubreuil (Past Ceo) $91,641 $0 $19,691
Thomas Cusick (Secretary) $0 $0 $0
Roland Maheux (Treasurer) $0 $0 $0
Leonard Cabana (Chair) $0 $0 $0
George Lapointe (Director) $0 $0 $0
E James Soucie (Vice Chair) $0 $0 $0
Michael Roderigue (Director) $0 $0 $0
Gary Crocker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,464,966
Expenses
$12,722,314
Net Income
$2,742,652
Net Assets
$43,492,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,807,284
63.4%
Investment Income $2,826,247
18.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,831,435
18.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $692,620
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,970,029
23.3%
Assets/Debt
Total Assets $365,278,890
Total Liabilities $321,786,714
Net Assets $43,492,176
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Normand R Dubreuil (Ceo) $219,189 $0 $17,035
Mark Young (Svp/Coo) $138,165 $0 $14,553
Duncan Mackellar (Cfo) $137,518 $0 $16,644
Deborah L Sparrow (Svp/Clo) $137,372 $0 $12,143
Betty J Norton (Vice Chairpers) $0 $0 $0
Mary Zmigrodski (Director) $0 $0 $0
E James Soucie (Director) $0 $0 $0
Suga Joseph (Treasurer) $0 $0 $0
Leonard Cabana (Chair) $0 $0 $0
Amy Bouchard (Director) $0 $0 $0
Thomas H Cusick (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,928,871
Expenses
$12,352,386
Net Income
$2,576,485
Net Assets
$43,527,297
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,970,760
60.1%
Investment Income $3,158,822
21.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,799,289
18.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $683,099
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,770,869
22.4%
Assets/Debt
Total Assets $354,258,287
Total Liabilities $310,730,990
Net Assets $43,527,297
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Normand R Dubreuil (Ceo) $217,153 $0 $16,612
Mark Young (Operations) $139,428 $0 $13,943
Deborah L Sparrow (Vice President) $131,641 $0 $10,138
Duncan Mackellar (Cfo) $131,334 $0 $22,850
Betty J Norton (Director) $0 $0 $0
Mary Zmigrodski (Director) $0 $0 $0
E James Soucie (Director) $0 $0 $0
Joseph Suga (Treasurer) $0 $0 $0
Lee Cabana (Vice Chairperso) $0 $0 $0
Rose Breton (Secretary) $0 $0 $0
Thomas H Cusick (Chairperson) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,958,656
Expenses
$12,334,846
Net Income
$1,623,810
Net Assets
$41,412,954
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,324,591
59.6%
Investment Income $2,878,172
20.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,755,893
19.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,230,335
26.2%
Assets/Debt
Total Assets $346,781,901
Total Liabilities $305,368,947
Net Assets $41,412,954
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Normand R Dubreuil (Ceo) $194,284 $0 $15,010
Mark Young (Operations) $126,354 $0 $13,237
Duncan Mackellar (Cfo) $119,989 $0 $23,000
Deborah L Sparrow (Vice President) $119,468 $0 $8,291
E James Soucie (Director) $0 $0 $0
Thomas H Cusick (Chairperson) $0 $0 $0
Rose Breton (Director) $0 $0 $0
Joseph Suga (Treasurer) $0 $0 $0
Donald J Suitter (Secretary) $0 $0 $0
Betty J Norton (Director) $0 $0 $0
Lee Cabana (Vice Chairperso) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,955,922
Expenses
$12,416,767
Net Income
$1,539,155
Net Assets
$41,872,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,085,130
57.9%
Investment Income $3,262,314
23.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,608,478
18.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $561,372
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,489,393
20.0%
Assets/Debt
Total Assets $343,738,228
Total Liabilities $301,866,205
Net Assets $41,872,023

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,435,472
Expenses
$13,305,878
Net Income
$1,129,594
Net Assets
$39,370,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,076,690
56.0%
Investment Income $4,028,519
27.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,330,263
16.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $182,411
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,678,574
20.1%
Assets/Debt
Total Assets $329,073,659
Total Liabilities $289,703,422
Net Assets $39,370,237

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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