Overview
What is Maine State Credit Union?
Maine State Credit Union is a nonprofit organization that offers savings and loan services to its members. Based on the provided information, they do not have a specific location mentioned, but it can be assumed that they are based in Maine. Their primary mission is to provide financial assistance and services to their members.
Official website here: www.mainestatecu.org
What do the Facebook reviews say about Maine State Credit Union?
72% of the 27 reviewers on Facebook recommend Maine State Credit Union. Here's a summary of their reviews:
Some long-term members expressed frustration regarding the introduction of fees for online banking, prompting them to leave after decades of loyalty. The recent announcement that online banking will now be free again was received with mixed emotions, as some felt it was too late to regain their trust.
Overall, the sentiment appears to be divided; while some appreciate the return to fee-free online banking, others remain skeptical after their previous experiences. The credit union seems to be making strides towards modernizing its services, but significant concerns about customer satisfaction linger.
This AI summary has been generated from reviews found on Facebook.
Is Maine State Credit Union legitimate?
Maine State Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Maine State 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,536,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,319,094
For more financial information, click here
Official website here: www.mainestatecu.org
What is the mission statement of Maine State Credit Union?
Maine State Credit Union is committed to delivering savings and loan services to its members. Its mission is centered around providing financial assistance to individuals and families, helping them manage their money and achieve their financial goals. The credit union aims to offer personalized and accessible financial solutions, ensuring that members have the resources they need to build a secure financial future. Through its various services, Maine State Credit Union strives to foster financial literacy and empower its members to make informed financial decisions. Additionally, the credit union focuses on building strong community relationships, offering services that cater to the unique needs of its members.
Official website here: www.mainestatecu.org
Who is the CEO of Maine State Credit Union?
Stephen Wallace is the President/Ceo of Maine State Credit Union. The CEO's salary of Maine State Credit Union is $273,602 and their total compensation is $298,527.
Official website here: www.mainestatecu.org
What is the revenue of Maine State Credit Union?
Maine State Credit Union's revenue in 2022 was $24,248,381.
Official website here: www.mainestatecu.org
Who are the executives of Maine State Credit Union and what are their salaries?
The average compensation at Maine State Credit Union during 2022 was $47,282. There are 145 employees and 11 volunteers at Maine State Credit Union.
Here are 21 key members and their salaries (Maine State Credit Union's CEO's salary is $273,602 and their total compensation is $298,527):
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- Compensation: $104,618
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- Other: $16,284
- Compensation: $131,945
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- Other: $23,301
- Compensation: $186,782
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- Other: $19,678
- Compensation: $139,875
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- Other: $32,910
- Compensation: $194,425
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- Other: $35,268
- Compensation: $321,996
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- Other: $31,196
- Compensation: $273,602
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- Other: $24,925
- Compensation: $122,517
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- Other: $7,984
- Compensation: $172,030
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- Other: $13,159
- Compensation: $131,743
- Related: $0
- Other: $35,604
Official website here: www.mainestatecu.org
Where can I find the form 990 for Maine State Credit Union?
Maine State Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainestatecu.org
Learn more at the official website: www.mainestatecu.org
Mission Statement of Maine State Credit Union
Maine State Credit Union, a prominent financial institution, is dedicated to delivering savings and loan services to its members. In simpler terms, this organization seeks to help individuals manage their money effectively by providing them with a range of financial products.
The mission of Maine State Credit Union is geared towards empowering its members to achieve their financial goals. By offering savings and loan services, the credit union enables its members to save for the future and access funds when needed. This not only promotes financial stability but also fosters a sense of financial independence.
The credit union's commitment to its members extends beyond basic financial services. It aims to build strong relationships based on trust and mutual respect. The credit union's team of financial experts is always on hand to provide guidance and support, ensuring that each member receives personalized advice tailored to their unique financial situation.
Moreover, Maine State Credit Union prides itself on being a member-owned and member-controlled organization. This means that its decisions are driven by the needs and interests of its members. The credit union's democratic structure ensures that each member has a voice in the organization and a stake in its success.
In summary, Maine State Credit Union is more than just a financial institution. It is a community of individuals working together to improve their financial futures. Through its savings and loan services, the credit union provides its members with the tools they need to achieve their financial goals and build a brighter future for themselves and their families.
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Impact
August, 2024
Maine State Credit Union provides its members with savings and loan services, contributing to the financial well-being of individuals and families in Augusta, Maine. Through its activities, the credit union helps members achieve their financial goals, access necessary funds for personal and business endeavors, and strengthen the local economy. By offering financial services and promoting responsible money management, Maine State Credit Union has a direct impact on improving the economic stability and sustainability of its community.
This information is meant to be a general summary of Maine State Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,218,674
- Program Service Revenue: $17,601,865
- Gross Receipts: $38,982,482
Assets and Liabilities:
- Total Assets: $586,697,194
- Total Liabilities: $534,910,747
- Net Assets: $51,786,447
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME FROM MEMBERS
Revenue
$17,601,865
Organization Details
Founding Year
1935
Phone
(800) 540-8707Principal Officer
Stephen Wallace
Main Address
PO BOX 5659, AUGUSTA, ME, 043325659
Website
www.mainestatecu.orgNTEE Category
Code: W60 - Public benefit
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