Overview
What is Maine Credit Union League?
The Maine Credit Union League is a nonprofit organization situated in Portland, Maine. Its primary purpose is to support and enhance the success of credit unions in the state, ultimately improving the financial well-being of their members. To achieve this goal, the organization offers educational resources, training programs, and promotes credit union services to its member credit unions. The League's mission is deeply rooted in the belief that by strengthening credit unions, they can positively impact the financial lives of their members.
Official website here: www.mainecul.org
Is Maine Credit Union League legitimate?
Maine Credit Union League is a legitimate nonprofit organization registered as a 501(c)(6) entity. Maine Credit Union League 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: $180,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $757,946
For more financial information, click here
Official website here: www.mainecul.org
What is the mission statement of Maine Credit Union League?
The Maine Credit Union League, as an organization, is committed to supporting the success of its member credit unions. This is accomplished through the provision of education, training, and promotion of credit union services. The ultimate goal of the league is to enhance the financial lives of the credit union members by aiding in their success. The league's mission can be summarized as striving to assist credit unions in thriving, thereby improving the financial well-being of their members.
Official website here: www.mainecul.org
What is the revenue of Maine Credit Union League?
Maine Credit Union League's revenue in 2024 was $2,606,396.
Official website here: www.mainecul.org
Who are the executives of Maine Credit Union League and what are their salaries?
The average compensation at Maine Credit Union League during 2024 was $117,327. There are 8 employees and 12 volunteers at Maine Credit Union League.
Here are 16 key members and their salaries:
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- Related: $407,420
- Other: $59,672
- Compensation: $156,422
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- Other: $24,246
- Compensation: $179,490
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- Other: $22,615
- Compensation: $129,958
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- Other: $15,623
Official website here: www.mainecul.org
Where can I find the form 990 for Maine Credit Union League?
Maine Credit Union League's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mainecul.org
Learn more at the official website: www.mainecul.org
Mission Statement of Maine Credit Union League
The Maine Credit Union League, a prominent organization, is dedicated to supporting its member credit unions. It achieves this mission by providing essential education, training, and advocacy for the promotion of credit union services. The League's primary goal is to help credit unions thrive, thereby enhancing the financial well-being of their members. This mission is crucial in empowering these financial cooperatives to serve their communities effectively, ultimately benefiting their members.
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Impact
October, 2024
The Maine Credit Union League plays a vital role in enhancing the effectiveness of credit unions across the state. By providing education, training, and promotional resources, it empowers member credit unions to thrive in a competitive financial landscape. This focus on growth directly translates into improved financial lives for members, as credit unions are better equipped to offer innovative services and solutions tailored to community needs. The League's commitment to helping credit unions succeed fosters community improvement and strengthens local economies throughout Maine.
This information is meant to be a general summary of Maine Credit Union League. 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 2024.
- Investment Income: $172,651
- Program Service Revenue: $2,057,711
- Gross Receipts: $2,606,396
Assets and Liabilities:
- Total Assets: $3,759,148
- Total Liabilities: $104,751
- Net Assets: $3,654,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,391,916
EDUCATION/CERTIFICATIO
Revenue
$665,795
Organization Details
Founding Year
1938
Principal Officer
Cris Wescott
Website
www.mainecul.orgNTEE Category
Code: S41 - Community improvement
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