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Employer Identification Number 01-0213357

DOWN EAST CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:DOWN EAST CREDIT UNION
Employer identification number (EIN):01-0213357
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration DOWN EAST CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROVIDE FINANCIAL SERVICES, INCLUDING DEPOSIT ACCOUNTS AND LOANS, TO CREDIT UNION MEMBERS.
Number of Employees90
Number of Volunteers7
Year Formed2006

Organization Governance

Legal DomicileME
Voting Members - Governing Body5
Voting Members - Independent5

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 1,609,038
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 13,914,136
Program Service Revenue from current yearUSD $ 16,846,153
Investment Income from prior yearUSD $ 725,409
Investment Income from current yearUSD $ 1,181,668
Other Revenue from prior yearUSD $ 1,467,281
Other Revenue from current yearUSD $ 1,424,005
Gross receipts from all sourcesUSD $ 19,451,826
Net assets / fund balances at end of fiscal yearUSD $ 26,688,950
Net assets / fund balances at beginning of fiscal yearUSD $ 26,078,850
Total liabilities at end of fiscal yearUSD $ 268,741,067
Total liabilities at beginning of fiscal yearUSD $ 245,220,527
Total assets at end of fiscal yearUSD $ 295,430,017
Total assets at beginning of fiscal yearUSD $ 271,299,377
Revenues less expenses for current yearUSD $ 610,100
Revenues less expenses for previous yearUSD $ 1,048,438
Total expenses for current yearUSD $ 18,841,726
Total expenses for previous yearUSD $ 15,058,388
Other expenses in current yearUSD $ 11,915,092
Other expenses in previous yearUSD $ 8,703,971
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,926,634
Employee salary and benefits paid in previous yearUSD $ 6,354,417
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 19,451,826
Total revenue in previous fiscal yearUSD $ 16,106,826
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,424,005
2023-12-31
Total unrelated business incomeUSD $ 1,550,211
Net unrelated business incomeUSD $ 783
Program Service Revenue from prior yearUSD $ 11,867,038
Program Service Revenue from current yearUSD $ 13,914,136
Investment Income from prior yearUSD $ 218,383
Investment Income from current yearUSD $ 725,409
Other Revenue from prior yearUSD $ 2,066,107
Other Revenue from current yearUSD $ 1,467,281
Gross receipts from all sourcesUSD $ 16,106,826
Net assets / fund balances at end of fiscal yearUSD $ 26,078,850
Net assets / fund balances at beginning of fiscal yearUSD $ 27,352,262
Total liabilities at end of fiscal yearUSD $ 245,220,527
Total liabilities at beginning of fiscal yearUSD $ 242,272,575
Total assets at end of fiscal yearUSD $ 271,299,377
Total assets at beginning of fiscal yearUSD $ 269,624,837
Revenues less expenses for current yearUSD $ 1,048,438
Revenues less expenses for previous yearUSD $ 3,373,589
Total expenses for current yearUSD $ 15,058,388
Total expenses for previous yearUSD $ 10,777,939
Other expenses in current yearUSD $ 8,703,971
Other expenses in previous yearUSD $ 4,742,745
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,354,417
Employee salary and benefits paid in previous yearUSD $ 6,035,194
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 16,106,826
Total revenue in previous fiscal yearUSD $ 14,151,528
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,467,281
2022-12-31
Total unrelated business incomeUSD $ 1,551,701
Net unrelated business incomeUSD $ 3,960
Program Service Revenue from prior yearUSD $ 12,250,032
Program Service Revenue from current yearUSD $ 11,867,038
Investment Income from prior yearUSD $ 12,923
Investment Income from current yearUSD $ 218,383
Other Revenue from prior yearUSD $ 2,732,516
Other Revenue from current yearUSD $ 2,066,107
Gross receipts from all sourcesUSD $ 14,151,528
Net assets / fund balances at end of fiscal yearUSD $ 27,352,262
Net assets / fund balances at beginning of fiscal yearUSD $ 23,978,673
Total liabilities at end of fiscal yearUSD $ 242,272,575
Total liabilities at beginning of fiscal yearUSD $ 232,537,564
Total assets at end of fiscal yearUSD $ 269,624,837
Total assets at beginning of fiscal yearUSD $ 256,516,237
Revenues less expenses for current yearUSD $ 3,373,589
Revenues less expenses for previous yearUSD $ 3,974,592
Total expenses for current yearUSD $ 10,777,939
Total expenses for previous yearUSD $ 11,020,879
Other expenses in current yearUSD $ 4,742,745
Other expenses in previous yearUSD $ 4,971,823
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,035,194
Employee salary and benefits paid in previous yearUSD $ 6,049,056
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 14,151,528
Total revenue in previous fiscal yearUSD $ 14,995,471
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,066,107
2021-12-31
Total unrelated business incomeUSD $ 1,754,322
Net unrelated business incomeUSD $ 125,157
Program Service Revenue from prior yearUSD $ 13,243,452
Program Service Revenue from current yearUSD $ 12,250,032
Investment Income from prior yearUSD $ 16,464
Investment Income from current yearUSD $ 12,923
Other Revenue from prior yearUSD $ 2,338,833
Other Revenue from current yearUSD $ 2,732,516
Gross receipts from all sourcesUSD $ 14,995,471
Net assets / fund balances at end of fiscal yearUSD $ 23,978,673
Net assets / fund balances at beginning of fiscal yearUSD $ 20,004,081
Total liabilities at end of fiscal yearUSD $ 232,537,564
Total liabilities at beginning of fiscal yearUSD $ 205,774,117
Total assets at end of fiscal yearUSD $ 256,516,237
Total assets at beginning of fiscal yearUSD $ 225,778,198
Revenues less expenses for current yearUSD $ 3,974,592
Revenues less expenses for previous yearUSD $ 2,950,217
Total expenses for current yearUSD $ 11,020,879
Total expenses for previous yearUSD $ 12,648,532
Other expenses in current yearUSD $ 4,971,823
Other expenses in previous yearUSD $ 6,956,230
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,049,056
Employee salary and benefits paid in previous yearUSD $ 5,692,302
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 14,995,471
Total revenue in previous fiscal yearUSD $ 15,598,749
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,732,516
2020-12-31
Total unrelated business incomeUSD $ 1,595,338
Net unrelated business incomeUSD $ 47,664
Program Service Revenue from prior yearUSD $ 13,239,676
Program Service Revenue from current yearUSD $ 13,243,452
Investment Income from prior yearUSD $ 74,809
Investment Income from current yearUSD $ 16,464
Other Revenue from prior yearUSD $ 2,123,987
Other Revenue from current yearUSD $ 2,338,833
Gross receipts from all sourcesUSD $ 15,598,749
Net assets / fund balances at end of fiscal yearUSD $ 20,004,081
Net assets / fund balances at beginning of fiscal yearUSD $ 17,053,864
Total liabilities at end of fiscal yearUSD $ 205,774,117
Total liabilities at beginning of fiscal yearUSD $ 187,240,356
Total assets at end of fiscal yearUSD $ 225,778,198
Total assets at beginning of fiscal yearUSD $ 204,294,220
Revenues less expenses for current yearUSD $ 2,950,217
Revenues less expenses for previous yearUSD $ 1,088,853
Total expenses for current yearUSD $ 12,648,532
Total expenses for previous yearUSD $ 14,349,619
Other expenses in current yearUSD $ 6,956,230
Other expenses in previous yearUSD $ 7,924,998
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,692,302
Employee salary and benefits paid in previous yearUSD $ 6,424,621
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 15,598,749
Total revenue in previous fiscal yearUSD $ 15,438,472
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,338,833
2019-12-31
Total unrelated business incomeUSD $ 1,688,266
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 11,598,616
Program Service Revenue from current yearUSD $ 13,239,676
Investment Income from prior yearUSD $ 22,816
Investment Income from current yearUSD $ 74,809
Other Revenue from prior yearUSD $ 2,179,511
Other Revenue from current yearUSD $ 2,123,987
Gross receipts from all sourcesUSD $ 15,438,472
Net assets / fund balances at end of fiscal yearUSD $ 17,053,864
Net assets / fund balances at beginning of fiscal yearUSD $ 16,197,629
Total liabilities at end of fiscal yearUSD $ 187,240,356
Total liabilities at beginning of fiscal yearUSD $ 187,263,696
Total assets at end of fiscal yearUSD $ 204,294,220
Total assets at beginning of fiscal yearUSD $ 203,461,325
Revenues less expenses for current yearUSD $ 1,088,853
Revenues less expenses for previous yearUSD $ 1,884,000
Total expenses for current yearUSD $ 14,349,619
Total expenses for previous yearUSD $ 11,916,943
Other expenses in current yearUSD $ 7,924,998
Other expenses in previous yearUSD $ 5,801,861
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,424,621
Employee salary and benefits paid in previous yearUSD $ 6,115,082
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 15,438,472
Total revenue in previous fiscal yearUSD $ 13,800,943
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,123,987
2017-12-31
Total unrelated business incomeUSD $ 598,629
Net unrelated business incomeUSD $ -207,041
Program Service Revenue from prior yearUSD $ 8,739,918
Program Service Revenue from current yearUSD $ 10,497,012
Investment Income from prior yearUSD $ 15,244
Investment Income from current yearUSD $ 19,966
Other Revenue from prior yearUSD $ 1,751,100
Other Revenue from current yearUSD $ 2,151,273
Gross receipts from all sourcesUSD $ 12,668,251
Net assets / fund balances at end of fiscal yearUSD $ 14,313,629
Net assets / fund balances at beginning of fiscal yearUSD $ 12,668,070
Total liabilities at end of fiscal yearUSD $ 163,678,817
Total liabilities at beginning of fiscal yearUSD $ 152,624,070
Total assets at end of fiscal yearUSD $ 177,992,446
Total assets at beginning of fiscal yearUSD $ 165,292,140
Revenues less expenses for current yearUSD $ 1,645,559
Revenues less expenses for previous yearUSD $ 1,436,369
Total expenses for current yearUSD $ 11,022,692
Total expenses for previous yearUSD $ 9,069,893
Other expenses in current yearUSD $ 5,642,151
Other expenses in previous yearUSD $ 4,799,299
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,380,541
Employee salary and benefits paid in previous yearUSD $ 4,270,594
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 12,668,251
Total revenue in previous fiscal yearUSD $ 10,506,262
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,151,273
2016-12-31
Total unrelated business incomeUSD $ 179,549
Net unrelated business incomeUSD $ -71,431
Program Service Revenue from prior yearUSD $ 7,516,506
Program Service Revenue from current yearUSD $ 8,739,918
Investment Income from prior yearUSD $ 14,106
Investment Income from current yearUSD $ 15,244
Other Revenue from prior yearUSD $ 1,719,419
Other Revenue from current yearUSD $ 1,751,100
Gross receipts from all sourcesUSD $ 10,506,262
Net assets / fund balances at end of fiscal yearUSD $ 12,668,070
Net assets / fund balances at beginning of fiscal yearUSD $ 11,479,308
Total liabilities at end of fiscal yearUSD $ 152,624,070
Total liabilities at beginning of fiscal yearUSD $ 141,796,151
Total assets at end of fiscal yearUSD $ 165,292,140
Total assets at beginning of fiscal yearUSD $ 153,275,459
Revenues less expenses for current yearUSD $ 1,436,369
Revenues less expenses for previous yearUSD $ 1,262,837
Total expenses for current yearUSD $ 9,069,893
Total expenses for previous yearUSD $ 7,987,194
Other expenses in current yearUSD $ 4,799,299
Other expenses in previous yearUSD $ 4,411,076
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,270,594
Employee salary and benefits paid in previous yearUSD $ 3,576,118
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 10,506,262
Total revenue in previous fiscal yearUSD $ 9,250,031
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,751,100
2015-12-31
Total unrelated business incomeUSD $ 133,349
Net unrelated business incomeUSD $ -91,807
Program Service Revenue from prior yearUSD $ 6,571,270
Program Service Revenue from current yearUSD $ 7,516,506
Investment Income from prior yearUSD $ 87,055
Investment Income from current yearUSD $ 14,106
Other Revenue from prior yearUSD $ 1,447,684
Other Revenue from current yearUSD $ 1,719,419
Gross receipts from all sourcesUSD $ 9,250,031
Net assets / fund balances at end of fiscal yearUSD $ 11,479,308
Net assets / fund balances at beginning of fiscal yearUSD $ 10,216,471
Total liabilities at end of fiscal yearUSD $ 141,796,151
Total liabilities at beginning of fiscal yearUSD $ 119,044,104
Total assets at end of fiscal yearUSD $ 153,275,459
Total assets at beginning of fiscal yearUSD $ 129,260,575
Revenues less expenses for current yearUSD $ 1,262,837
Revenues less expenses for previous yearUSD $ 204,260
Total expenses for current yearUSD $ 7,987,194
Total expenses for previous yearUSD $ 7,901,749
Other expenses in current yearUSD $ 4,411,076
Other expenses in previous yearUSD $ 4,350,233
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,576,118
Employee salary and benefits paid in previous yearUSD $ 3,551,516
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 9,250,031
Total revenue in previous fiscal yearUSD $ 8,106,009
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,719,419

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 010213357

USA Location Address
P.O. BOX 130
BAILEYVILLE
ME
046940130
Date first seen: 2012-02-29
Date last seen: 2024-01-18
USA Mailing Address
PO BOX 130
BAILEYVILLE
ME
04694
Date first seen: 2009-07-01
Date last seen: 2025-08-31
401k Sponsor USA Address
PO BOX 130
BAILEYVILLE
ME
046940130
Date first seen: 2025-05-09
Date last seen: 2025-05-09

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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