2023-11-15T08:08:10-06:00 2022-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2022-01-01 016015389 PEOPLESCHOICE CREDIT UNION PEOP 2072824156 23 INDUSTRIAL PARK ROAD SACO ME 04072 ADAM WARFEL CFO 2072824156 2023-11-01 1 ADAM WARFEL 999009999 1 BRAD WELLER CPA P00285183 2077745701 2023-11-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ADAM WARFEL 23 INDUSTRIAL PARK ROAD SACO ME 04072 16021690 0 X WWW.PEOPLESCHOICECREDITUNION.COM X 1962 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 9 9 73 10 123191 0 0 0 8973721 10154940 477664 1622634 4506001 4244116 13957386 16021690 18767 32196 1567297 1546956 5848817 6311333 0 0 0 5023337 5742044 12458218 13632529 1499168 2389161 306124509 320519293 286082569 305548717 20041940 14970576 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 13632529 32196 14275865 THE CREDIT UNION HAS 19,779 MEMBERS AS OF 12/31/2022. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 13632529 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3187 0 73 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ADAM WARFEL 2072824156 PO BOX 488 BIDDEFORD ME 04005 LISA PARKER CHAIR 1.00 X X 0 0 0 JEREMY RAY VICE CHAIR 1.00 X X 0 0 0 GEOFFREY IACUESSA SECRETARY 1.00 X X 0 0 0 KIMBERLY TITUS TREASURER 1.00 X X 0 0 0 TRAVIS VIGNEAULT DIRECTOR 1.00 X 0 0 0 CRAIG PENDLETON DIRECTOR 1.00 X 0 0 0 DANIEL MONTEMBEAU DIRECTOR 1.00 X 0 0 0 MICHAEL KEEGAN DIRECTOR 1.00 X 0 0 0 SUSAN DESCHAMBAULT DIRECTOR 1.00 X 0 0 0 LUKE LABBE CEO 40.00 X 418054 0 28385 ADAM WARFEL CFO 40.00 X 195168 0 8885 KURT SCHICKLE AVP MORTGAGE LENDING 40.00 X 226636 0 15895 JOHN LAVERRIERE AVP MARKETING & TECHNOLOGY 40.00 X 139327 0 4504 KYLE SOULE MORTGAGE LOAN ORIGINATOR 40.00 X 124027 0 0 DANIEL DALLAIRE COO 40.00 X 155490 0 8885 SHANNON KASHINSKY CPO 40.00 X 124966 0 647 1383668 0 67201 8 0 1 0 SYNERGENT PO BOX 1236 PORLAND ME 04104 CORE, CARDS, MEMBER STATEMENTS, MARKETIN 1112968 ALKAMI TECHOLOGY INC PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING PLATFORM 223648 WORKGROUP TECHNOLOGY PARTNERS INC PO BOX 110 WESTBROOK ME 040980110 INFORMATION TECHNOLOGY AND SERVICES 197123 PATRICK'S LANDSCAPING LLC 73 MASON ST BIDDEFORD ME 04005 YARD WORK AND PLOWING 125112 ANCHOUR 199 LISBON ST STE 1A LEWISTON ME 04240 WEBSITE AND MARKETING 122297 6 LOAN INCOME FROM MEMBERS 522100 10154940 10154940 10154940 1616634 1616634 6000 0 6000 6000 6000 OTHER INCOME 522100 3153601 3153601 SERVICE CHARGES AND FEES 522100 940696 940696 NON-MEMBER ATM FEES 522100 51545 51545 98274 26628 71646 4244116 16021690 14275865 123191 1622634 32196 1546956 653510 5657823 1080677 1908244 960249 125696 LOAN SERVICING/COLLECTI 885160 EDUCATION & PROMOTIONAL 507203 PROVISION FOR BAD DEBTS 155000 MISCELLANEOUS 86254 33561 13632529 73545915 2968331 40239793 70856270 171475769 225053667 15023171 7796174 7396815 7226997 13466217 14414028 306124509 320519293 1569052 1122967 3000000 4000000 281513517 300425750 286082569 305548717 X 0 0 0 0 20041940 14970576 20041940 14970576 306124509 320519293 X 2389161 -7512933 52408 X 0 0 0 1203914 1203914 10112999 4906911 5206088 3706258 2889263 816995 7226997 MEMBERS' SHARE AND SAVINGS ACCOUNT 300425750 300425750 1 MAINE CREDIT UNION'S CAMPAIGN FOR ENDING HUNGER PO BOX 1236 PORTLAND ME 041045024 261720415 501(C)3 32196 0 CASH TO CONTINUE OPERATIONS 1 X X X 0 0 0 LUKE LABBE CEO 324679 0 78100 0 15275 0 19500 0 8885 0 446439 0 0 0 KURT SCHICKLE AVP MORTGAGE LENDING 49213 0 176918 0 505 0 15895 0 0 0 242531 0 0 0 ADAM WARFEL CFO 171292 0 23500 0 376 0 0 0 8885 0 204053 0 0 0 DANIEL DALLAIRE COO 128504 0 24000 0 2986 0 0 0 8885 0 164375 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS HAVE A VOTE DURING THE ANNUAL MEETING TO APPOINT THE BOARD OF DIRECTORS TO THE CREDIT UNION BUT THE BOARD OF DIRECTORS MAKES MOST SIGNIFICANT DECISIONS ONCE ELECTED. THE MEMBERS RECEIVE MONTHLY DIVIDENDS BASED ON SHARE ACCOUNTS. MEMBERS DO NOT RECEIVE ANY DISTRIBUTIONS, PROFITS, OR NET ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE A VOTE DURING THE ANNUAL MEETING TO APPOINT THE BOARD OF DIRECTORS FOR THE CREDIT UNION, REGARDLESS OF THEIR MEMBERSHIP BALANCE. FORM 990, PART VI, SECTION A, LINE 7B MOST DECISIONS ARE MADE BY THE BOARD OF DIRECTORS. THE ONLY DECISION THE MEMBERS WOULD VOTE ON IS THE ELECTION OF THE BOARD OF DIRECTORS AND APPROVAL OF ANY MERGERS WITH ANOTHER INSTITUTION THAT WOULD HAVE BEEN BASED ON A DECISION BY THE BOARD OF DIRECTORS TO HAVE A VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE PRESIDENT OF THE CREDIT UNION REVIEWS THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S POLICY IS WITHIN VARIOUS POLICIES. EMPLOYEES WITH THE ABILITY TO ORIGINATE LOANS ARE NOT ABLE TO DO SO TO THEMSELVES OR FOR ANY FAMILY MEMBERS. ALL LOANS GO THROUGH A CLOSING CHECKLIST TO ENSURE PROPER APPROVAL AND THE NEW LOAN REPORT IS REVIEWED BY A COMPLIANCE OFFICER AS WELL AS PRESENTED TO THE BOARD OF DIRECTORS MONTHLY. EMPLOYEES ARE ALSO RESTRICTED FROM PERFORMING ANY TRANSACTIONS ON THEIR ACCOUNTS, OR FAMILY MEMBER ACCOUNTS; EMPLOYEES CANNOT MAKE ANY CHANGES TO THEIR ACCOUNTS AND WOULD NEED ANOTHER EMPLOYEE TO DO SO. THE FILE MAINTENANCE REPORT IS REVIEWED DAILY TO REVIEW ANY CHANGES TO EMPLOYEE ACCOUNTS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES KOKER GOODWIN & ASSOCIATES, INC., A COMPENSATION AND PERFORMANCE CONSULTANT GROUP OUT OF WICHITA, KS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT 52,408.