Nonprofit · EIN 01-0261000
STATE CHARTERED CREDIT UNIONS IN MAINE
Also known as SABATTUS REGIONAL CREDIT UNION
Tax-exempt · SABATTUS, ME 04280
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,304,004 | $3,722,286 | $581,718 | $79,493,448 | $71,920,381 | $7,573,067 |
| December 31, 2023 | 990 (amended) | $3,459,425 | $3,088,793 | $370,632 | $73,835,312 | $66,843,963 | $6,991,349 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,676,409
- Investment income
- $1,562,192
- Net rental income
- $65,403
- Other revenue
- $65,403
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $166,874
- Other salaries and wages
- $927,916
- Salaries, compensation and benefits (total)
- $1,396,228
- Professional fundraising fees
- $0
- Occupancy
- $70,077
- Travel
- $28,317
Balance sheet and other
- Total assets, start of year
- $73,835,312
- Total assets, end of year
- $79,493,448
- Total liabilities, end of year
- $71,920,381
- Net assets, end of year
- $7,573,067
- Land, buildings and equipment
- $499,314
- Gross unrelated business income
- $30,513
- Gross receipts
- $4,304,004
- Employees
- 21
- Volunteers
- 0
- Year formed
- 1957
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIFFINY STEWART | PRESIDENT/CEO/TREASURER Trustee or director, Officer | 40 | $137,649 | $29,225 |
| THEODORE SMITH | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MARK DUQUETTE | VICE-CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| RUBEN CORNELIUS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SUZAN BOULEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD LACOMBE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JP MITCHELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIFFINY STEWART | PRESIDENT/CEO/TREASURER Trustee or director, Officer | 40 | $130,062 | $27,779 |
| THEODORE SMITH | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MARK DUQUETTE | VICE-CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| RUBEN CORNELIUS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SUZAN BOULEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD LACOMBE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JP MITCHELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 250, SABATTUS, ME 04280-0250
- In care of
- % TIFFINY C STEWART
- Principal officer (990 for 2024)
- TIFFINY STEWART, PO BOX 250, SABATTUS, ME 04280
- Signed the 990
- TIFFINY STEWART, CEO/PRESIDENT
- Phone
- (207) 375-6538
- Website
- WWW.SRCU4U.COM
- Return prepared by
- OUELLETTE & ASSOCIATES PA
Mission
THE SABATTUS REGIONAL CREDIT UNION IS A STRONG, REGIONAL, MEMBER-OWNED ORGANIZATION WHOSE PURPOSE IS TO BECOME THE PRIMARY FINANCIAL INSTITUTION FOR THEIR GROWING FAMILY OF MEMBERS, PROVIDING A WIDE VARIETY OF QUALITY AND PERSONALIZED SERVICES IN AN EFFICIENT MANNER.
Program accomplishments
- PROVIDE FINANCIAL SERVICES TO IT'S MEMBERSExpenses $3,694,580 · revenue $4,273,491
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0261000
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $79,493,448
- Income (IRS master file)
- $4,304,004
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,304,004 | $3,722,286 | $79,493,448 | XML |
| 990 | December 2023 | $3,459,425 | $3,088,793 | $73,835,312 | XML |
| 990 | December 2022 | $2,752,661 | $2,391,078 | $75,562,261 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0261000).
Questions about STATE CHARTERED CREDIT UNIONS IN MAINE
- What is the EIN of STATE CHARTERED CREDIT UNIONS IN MAINE?
- The employer identification number (EIN) of STATE CHARTERED CREDIT UNIONS IN MAINE is 01-0261000.
- Is STATE CHARTERED CREDIT UNIONS IN MAINE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to STATE CHARTERED CREDIT UNIONS IN MAINE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STATE CHARTERED CREDIT UNIONS IN MAINE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STATE CHARTERED CREDIT UNIONS IN MAINE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STATE CHARTERED CREDIT UNIONS IN MAINE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN MAINE?
- The 990 for the year ended December 31, 2024 names TIFFINY STEWART.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN MAINE?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $137,649 (TIFFINY STEWART, PRESIDENT/CEO/TREASURER).
- How much revenue does STATE CHARTERED CREDIT UNIONS IN MAINE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,304,004, expenses of $3,722,286 and total assets of $79,493,448 at year end.
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