Peopleschoice Credit Union

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

EIN: 016015389 ✦ Saco, ME ✦ Designated as a 501(c)(14)

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Overview

What is Peopleschoice Credit Union?

Peopleschoice Credit Union is a financial institution based in Saco, Maine, serving a membership of 18,632 individuals. The organization offers its members savings and loan services at affordable costs with a commitment to quality. As a financial services provider, Peopleschoice Credit Union aims to provide its members with essential financial tools to manage their money effectively.


Official website here: www.peopleschoicecreditunion.com

What do the Facebook reviews say about Peopleschoice Credit Union?

86% of 85 reviewers on Facebook recommend Peopleschoice Credit Union. Here is a summary of their reviews:

Many users appreciate the friendly atmosphere and prompt service provided by the credit union. Customers consistently highlight the caring nature of the staff, which contributes to a positive experience overall.

Overall, it seems that Peopleschoice Credit Union effectively meets the needs of its members, fostering a supportive and reliable environment for financial services.


This AI summary has been generated from reviews found on Facebook.

Is Peopleschoice Credit Union legitimate?

Peopleschoice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Peopleschoice 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: $653,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,657,823

For more financial information, click here


Official website here: www.peopleschoicecreditunion.com

What is the mission statement of Peopleschoice Credit Union?

Peopleschoice Credit Union is dedicated to delivering savings and loan services to its membership base. They aim to provide these financial solutions at competitive costs with a focus on quality. The credit union offers a range of services to help its members effectively manage their money and achieve their financial goals. It prioritizes the needs of its 18,632 members, ensuring they have access to essential banking services. By providing affordable financial services, Peopleschoice Credit Union aims to contribute positively to the financial wellbeing of its members.


Official website here: www.peopleschoicecreditunion.com

Who is the CEO of Peopleschoice Credit Union?

Adam Warfel is the Chair of Peopleschoice Credit Union. The CEO's salary of Peopleschoice Credit Union is $418,054 and their total compensation is $446,439.


Official website here: www.peopleschoicecreditunion.com

What is the revenue of Peopleschoice Credit Union?

Peopleschoice Credit Union's revenue in 2022 was $16,021,690.


Official website here: www.peopleschoicecreditunion.com

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

The average compensation at Peopleschoice Credit Union during 2022 was $86,457. There are 73 employees and 10 volunteers at Peopleschoice Credit Union.


Here are 16 key members and their salaries (Peopleschoice Credit Union's CEO's salary is $418,054 and their total compensation is $446,439):


Lisa Parker (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Ray (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geoffrey Iacuessa (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Titus (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Vigneault (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Pendleton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Montembeau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Keegan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Deschambault (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luke Labbe (Ceo)
  • Compensation: $418,054
  • Related: $0
  • Other: $28,385
Adam Warfel (Cfo)
  • Compensation: $195,168
  • Related: $0
  • Other: $8,885
Kurt Schickle (Avp Mortgage Lending)
  • Compensation: $226,636
  • Related: $0
  • Other: $15,895
John Laverriere (Avp Marketing & Technology)
  • Compensation: $139,327
  • Related: $0
  • Other: $4,504
Kyle Soule (Mortgage Loan Originator)
  • Compensation: $124,027
  • Related: $0
  • Other: $0
Daniel Dallaire (Coo)
  • Compensation: $155,490
  • Related: $0
  • Other: $8,885
Shannon Kashinsky (Cpo)
  • Compensation: $124,966
  • Related: $0
  • Other: $647


Official website here: www.peopleschoicecreditunion.com

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

Peopleschoice Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.peopleschoicecreditunion.com

Learn more at the official website: www.peopleschoicecreditunion.com

Mission Statement of Peopleschoice Credit Union

Peopleschoice Credit Union, a leading financial services provider, is dedicated to delivering savings and loan services to its 18,632 members at affordable costs with superior quality. The organization prides itself on empowering its members to manage their finances effectively, providing them with essential financial tools to meet their various needs.

Peopleschoice Credit Union's mission is to make a significant difference in the lives of its members by offering a wide range of financial services tailored to their unique requirements. The credit union's team of highly skilled professionals works diligently to ensure that each member receives personalized attention and guidance, ensuring their financial journey is successful. By offering competitive interest rates and flexible repayment options, Peopleschoice Credit Union enables its members to save and borrow with confidence.

The heart of Peopleschoice Credit Union lies in its commitment to putting its members first. Through its comprehensive suite of savings and loan products, the organization provides its members with the resources they need to build a strong financial foundation. From savings accounts that help members save for the future to affordable loans that cater to various life stages, Peopleschoice Credit Union offers solutions that cater to the diverse financial needs of its members. The organization's focus on low costs and high quality sets it apart from other financial institutions, making it a trusted partner for its members in their financial journey.

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Impact




October, 2024

Peopleschoice Credit Union plays a significant role in enhancing the financial well-being of its 18,632 members by offering affordable savings and loan services. Located in Saco, ME, the credit union is dedicated to providing high-quality financial solutions that cater to the needs of the community. By prioritizing low costs, Peopleschoice Credit Union empowers individuals and families to manage their finances more effectively, fostering a sense of financial stability and security. Its commitment to public benefit underscores the importance of accessible financial services in promoting overall economic health within the region.




This information is meant to be a general summary of Peopleschoice 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.

Revenue
$16,021,690 (2022)
Expenses
$13,632,529 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,622,634
  • Program Service Revenue: $10,154,940
  • Gross Receipts: $16,021,690

Assets and Liabilities:

  • Total Assets: $320,519,293
  • Total Liabilities: $305,548,717
  • Net Assets: $14,970,576

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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

$10,154,940

Organization Details

Founding Year

1962

Principal Officer

Adam Warfel

Main Address

23 INDUSTRIAL PARK ROAD, SACO, ME, 04072

NTEE Category

Code: W60 - Public benefit

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