Cport Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010079380 ✦ Portland, ME ✦ Designated as a 501(c)(14)

Overview

What is Cport Credit Union?

Cport Credit Union is a financial institution established in 1931, initially known as the Federal Employees Credit Union of Maine. Based in Maine, it was one of the earliest credit unions in the state. Cport Credit Union's primary objective is to offer savings and loan services to its members.


Official website here: www.cportcu.org

Is Cport Credit Union legitimate?

Cport Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cport Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $646,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,004,743

For more financial information, click here


Official website here: www.cportcu.org

What is the mission statement of Cport Credit Union?

Cport Credit Union, established in 1931, initially known as the Federal Employees Credit Union of Maine, was among the first credit unions in Maine. With a mission to provide savings and loan services, this financial institution has been committed to serving its members for nearly a century. Its founding marked a significant milestone in the financial landscape of Maine, expanding the accessibility of credit union services to the community. The organization's focus on offering savings and loan solutions continues to be its guiding principle, ensuring financial assistance and stability for its members.


Official website here: www.cportcu.org

Who is the CEO of Cport Credit Union?

Kelsey Marquis is the President/Ceo/Director of Cport Credit Union. The CEO's salary of Cport Credit Union is $444,856 and their total compensation is $476,835.


Official website here: www.cportcu.org

What is the revenue of Cport Credit Union?

Cport Credit Union's revenue in 2022 was $26,576,030.


Official website here: www.cportcu.org

Who are the executives of Cport Credit Union and what are their salaries?

The average compensation at Cport Credit Union during 2022 was $45,872. There are 145 employees and 8 volunteers at Cport Credit Union.

Here are 14 key members and their salaries (Cport Credit Union's CEO's salary is $444,856 and their total compensation is $476,835):

    Eugene Ardito (President/Ceo/Director)
  • Compensation: $444,856
  • Related: $0
  • Other: $31,979

    • Jennifer Macarthur (Vp Of Branch Operations)
  • Compensation: $144,122
  • Related: $0
  • Other: $29,494

    • Kelsey Marquis (Svp/Cfo)
  • Compensation: $160,934
  • Related: $0
  • Other: $8,889

    • Christian Vandyck (Svp/General Counsel)
  • Compensation: $158,934
  • Related: $0
  • Other: $6,942

    • Bill Whitmore (Vp Of Business Services)
  • Compensation: $139,074
  • Related: $0
  • Other: $18,642

    • Alicia Walsh (Vp Of Human Resources)
  • Compensation: $131,351
  • Related: $0
  • Other: $11,583

    • James Cloutier (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Traverse Fournier (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Quincy Hentzel (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Paquet (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Canning (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Didier Hakizimana (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Mclean (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cportcu.org

    Where can I find the form 990 for Cport Credit Union?

    The Cport Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cportcu.org

    Learn more at the official website: www.cportcu.org

    Mission Statement of Cport Credit Union

    Cport Credit Union, established in 1931, initially functioned as the Federal Employees Credit Union of Maine. In its early days, it was one of only three credit unions in Maine. The mission of Cport Credit Union can be described as a commitment to offering savings and loan services to its members.

    The birth of Cport Credit Union marked a significant milestone in Maine's financial landscape. With a humble beginning, the organization aimed to provide a valuable service to its members, who were primarily federal employees at the time. Over the decades, Cport Credit Union has grown and evolved, yet its core focus on savings and loans has remained unchanged.

    In simple terms, Cport Credit Union exists to serve its members by providing essential financial services. Its historical roots trace back to the 1930s, making it a pillar of financial stability and growth for its members. Despite its rich history, the credit union continues to adapt and innovate, ensuring it remains a reliable financial partner for its members.

    Impact

    This information is meant to be a general summary of Cport Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Cport Credit Union's impact lies in its dedication to providing its members with essential savings and loan services. Established in 1931 as the Federal Employees Credit Union of Maine, Cport Credit Union has been a stalwart in the community, offering financial solutions to its members. Operating in Portland, ME, Cport Credit Union continues to uphold its mission of serving the financial needs of individuals and families in the region, contributing to the local economy and fostering financial stability among its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,900,875
  • Program Service Revenue: $23,979,552
  • Gross Receipts: $26,576,030

    • Assets and Liabilities:
  • Total Assets: $419,648,693
  • Total Liabilities: $383,135,783
  • Net Assets: $36,512,910
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    FEE INCOME

    Revenue

    $12,045,894

    LOAN INCOME FROM MEMBERS

    Revenue

    $11,933,658

    Organization Details

    Founding Year

    1931

    Principal Officer

    Kelsey Marquis

    Main Address

    PO BOX 777, PORTLAND, ME, 04104

    If you are a representative of Cport Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.