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Filing year 2024

DOWNEAST CREDIT UNION

Baileyville, Maine·EIN 01-0213357·14
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 · Schedule J · 7 reported individuals · Filing year 2024

$344k
$372k
Base
$290k
Bonus
$1k
Other
Benefits
$38k
Chief Financial Officer
$223k
$241k
Base
$175k
Bonus
$7k
Other
Benefits
$32k
SVP of Lending & Branch Op
senior vice president
$198k
$214k
Base
$160k
Bonus
$7k
Other
Benefits
$23k
SVP of Internal Operations
senior vice president
$182k
$197k
Base
$147k
Bonus
$4k
Other
Benefits
$23k
Lending Officer
highest compensated employee
$174k
$188k
Base
$63k
Bonus
$95k
Other
Benefits
$12k
IT Director
chief information officer
$168k
$181k
Base
$147k
Bonus
$1k
Other
Benefits
$12k
Director of Lending
highest compensated employee
$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.

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.
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