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Filing year 2024

DOWNEAST CREDIT UNION

Baileyville, Maine·EIN 01-0213357·501(c)(14)
Total revenue
$19.5M
Total assets
$295.4M
Total expenses
$18.8M
Reported officers
12
Mission

TO PROVIDE FINANCIAL SERVICES, INCLUDING DEPOSIT ACCOUNTS AND LOANS, TO CREDIT UNION MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$344k
$372k
Base
$290k
Bonus
$1k
Other
Benefits
$38k
Chief Financial Officer
75th to 90th percentile
$223k
$241k
Base
$175k
Bonus
$7k
Other
Benefits
$32k
SVP of Lending & Branch Op
Senior Vice President
25th percentile to median
$198k
$214k
Base
$160k
Bonus
$7k
Other
Benefits
$23k
SVP of Internal Operations
Senior Vice President
25th percentile to median
$182k
$197k
Base
$147k
Bonus
$4k
Other
Benefits
$23k
Lending Officer
Highest Compensated Employee
Median to 75th percentile
$174k
$188k
Base
$63k
Bonus
$95k
Other
Benefits
$12k
IT Director
Chief Information Officer
25th percentile to median
$168k
$181k
Base
$147k
Bonus
$1k
Other
Benefits
$12k
Director of Lending
Highest Compensated Employee
25th percentile to median
$162k
$175k
Base
$106k
Bonus
$38k
Other
Benefits
$13k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Down 16%
from 2023

From $408k in 2023 to $344k in 2024.

$408k
2023
$344k
2024
In today's dollarsEst.
Down 18% in real terms$456k to $372k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 16% from 2023 to 2024, while revenue rose 21%.

$408k in 2023 to $344k in 2024.
  • Chief Financial Officer pay rose 3% from 2023 to 2024.
  • Senior Vice President pay fell 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

DOWNEAST CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$16.1M
$15.1M
2023
$19.5M
$18.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about DOWNEAST CREDIT UNION

What does the Chief Executive Officer of DOWNEAST CREDIT UNION earn?

In 2024, the Chief Executive Officer of DOWNEAST CREDIT UNION received $344,080 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at DOWNEAST CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at DOWNEAST CREDIT UNION falls in the top 10%.

What are DOWNEAST CREDIT UNION's revenue and expenses?

In 2024, DOWNEAST CREDIT UNION reported $19.5M in total revenue and $18.8M in total expenses on its IRS Form 990.

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