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Filing year 2024

MAINE STATE CREDIT UNION

Augusta, Maine·EIN 01-0196194·501(c)(14)
Total revenue
$39.8M
Total assets
$701.9M
Total expenses
$38.8M
Reported officers
21
Mission

PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 11 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
$435k
$469k
Base
$371k
Bonus
$15k
Other
$14k
Benefits
$24k
Svp/chief Strategy Officer
Officer (Unspecified)
$229k
$247k
Base
$180k
Bonus
$7k
Other
$7k
Benefits
$27k
Svp/chief Lending Officer
Officer (Unspecified)
$227k
$245k
Base
$183k
Bonus
$7k
Other
$3k
Benefits
$27k
SVP Commercial Lending
Senior Vice President
25th percentile to median
$193k
$208k
Base
$152k
Bonus
$7k
Other
$6k
Benefits
$26k
SVP Residential Mortgage
Senior Vice President
25th percentile to median
$181k
$196k
Base
$148k
Bonus
$2k
Other
Benefits
$26k
VP Technology Operations
Board Vice President
Median to 75th percentile
$174k
$188k
Base
$130k
Bonus
$5k
Other
$5k
Benefits
$25k
VP of Human Resources
Board Vice President
Median to 75th percentile
$170k
$184k
Base
$134k
Bonus
$6k
Other
Benefits
$21k
VP Commercial Loan Officer
Board Vice President
Median to 75th percentile
$165k
$178k
Base
$146k
Bonus
$6k
Other
Benefits
$3k
Svp/cfo (thru Aug '24) Then Svp/controller
Officer (Unspecified)
$159k
$172k
Base
$124k
Bonus
$5k
Other
$5k
Benefits
$16k
Svp/chief Retail Officer
Officer (Unspecified)
$152k
$164k
Base
$132k
Bonus
$5k
Other
Benefits
$10k
Svp/chief Financial Officer
Officer (Unspecified)
$58k
$62k

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 10 unpaid individuals.

Up 7%
from 2023

From $405k in 2023 to $435k in 2024.

$405k
2023
$435k
2024
In today's dollarsEst.
Up 4% in real terms$453k to $469k

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 rose 7% from 2023 to 2024, while revenue rose 32%.

$405k in 2023 to $435k in 2024.
  • Board Vice President pay fell 7% 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

MAINE STATE CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$30.2M
$28.8M
2023
$39.8M
$38.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MAINE STATE CREDIT UNION

What does the Chief Executive Officer of MAINE STATE CREDIT UNION earn?

In 2024, the Chief Executive Officer of MAINE STATE CREDIT UNION received $434,545 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 MAINE STATE 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 MAINE STATE CREDIT UNION falls in the top 10%.

What are MAINE STATE CREDIT UNION's revenue and expenses?

In 2024, MAINE STATE CREDIT UNION reported $39.8M in total revenue and $38.8M in total expenses on its IRS Form 990.

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