Maine State Credit Union
Provide members with savings and loan services.
Key facts about Maine State Credit Union
In short: Maine State Credit Union gave $196K across 2 grants in 2024 (avg $98K), mostly in Maine. Source: 2024 IRS Form 990.
- EIN
- 01-0196194
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $195,599
- Grants made (2024)
- 2
- Average grant
- $97,800
- Median grant
- $97,800
- Total assets
- $701,935,355
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$701.9M
+9.2% YoY
Annual Giving
$196K
-3.2% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$98K
+45.2% YoY
About Maine State Credit Union
Based on IRS filings
Maine State Credit Union is a public charity, based in Augusta, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $701.9M in total assets. In 2024, it awarded 2 grants totaling $196K. Net investment income was $4.2M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $85K (2022) to $202K (2023). In 2024 it made 2 grants totaling $196K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Maine Credit Union's Campaign for Ending Hunger ($101K). Together the top 2 received $196K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $50–100K range: 3 grants of 6 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maine Credit Union's Campaign for Ending Hunger Portland, ME | To Combat Food Insecurity in Maine | $100,599 |
| The Foundation for Maine Community Colleges South Portland, ME | Scholarships | $95,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $701,935,355 | $643,067,217 | $586,697,194 |
| Revenue | $39,810,710 | $30,231,672 | $24,248,381 |
| Expenses | $38,756,567 | $28,782,297 | $20,904,856 |
| Net Investment Income | $4,242,953 | $3,207,024 | $2,218,674 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 7, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 16, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Maine State Credit Union is led by Stephen Wallace, President & CEO since 2022 (on filings since 2020); 11 of 21 officers listed in 2024 are compensated.
Officers on the 2024 filing
Stephen Wallace
President & CEO
Senior Vice President & Retail → Executive Vice President, 2021
Executive Vice President → President & CEO, 2022
On filings since 2020
40 hrs/week
$136K (2020) → $400K (2024)
Eric Poirier
Chairperson
Vice Chair → Vice Chair & Secretary, 2022
Vice Chair & Secretary → Chairperson, 2023
On filings since 2020
1 hr/week
No compensation reported
Gary Crocker
Director
Director → Secretary, 2021
Secretary → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
James Soucie
Director
On filings since 2020
1 hr/week
No compensation reported
Leonard Cabana
Director
On filings since 2020
1 hr/week
No compensation reported
Michael Roderigue
Director
Vice Chair → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Thomas Cusick
Director
On filings since 2020
1 hr/week
No compensation reported
Duncan Mackellar
Director
On filings since 2022
1 hr/week
No compensation reported
Bruce Harrington
Senior Vice President Commercial Lending
Vice President of Commerical Lending → Senior Vice President Commercial Lending, 2024
On filings since 2020
40 hrs/week
$103K (2020) → $165K (2024)
Brie Mellor
Senior Vice President & Chief Lending Officer
On filings since 2022
40 hrs/week
$140K (2022) → $193K (2024)
Mitchell Ryan
Vice President Technology Operations
Vice President of Technology Operations → Vice President Technology Operations, 2024
On filings since 2022
40 hrs/week
$105K (2022) → $141K (2024)
Shane Abbott
Senior Vice President & Chief Strategy Officer
Senior Vice President & Chief Retail Officer → Senior Vice President & Chief Strategy Officer, 2024
On filings since 2022
40 hrs/week
$132K (2022) → $195K (2024)
Amanda Crommett
Senior Vice President & Chief Retail Officer
Vice President of Org. Development → Senior Vice President & Chief Retail Officer, 2024
On filings since 2023
40 hrs/week
$116K (2023) → $137K (2024)
Jason Hilt
Senior Vice President, CFO Then Senior Vice President & Controller
Vice President of Finance & Interim CFO → Senior Vice President, CFO Then Senior Vice President & Controller, 2024
On filings since 2023
40 hrs/week
$110K (2023) → $134K (2024)
Jeffrey Charland
Vice President Commercial Loan Officer
On filings since 2023
40 hrs/week
$141K (2023) → $152K (2024)
Jennifer Bechard
Vice President of Human Resources
On filings since 2023
40 hrs/week
$123K (2023) → $140K (2024)
Elizebeth Jean
Senior Vice President Residential Mortgage
New on the 2024 filing
40 hrs/week
$149K (2024)
Neal Blake
Senior Vice President & Chief Financial Officer
New on the 2024 filing
40 hrs/week
$48K (2024)
George Lapointe
Secretary
Chairperson → Treasurer, 2023
Treasurer → Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Liz Ouellette
Vice Chairperson
Director → Secretary, 2023
Secretary → Vice Chairperson, 2024
On filings since 2020
1 hr/week
No compensation reported
Roland Maheux
Treasurer
Director → Vice Chairperson, 2023
Vice Chairperson → Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (10)
- Former: Erin Campbell (2020–2023) — Senior Vice President & CFO
- Former: Jennifer Roper (2020–2023) — Vice President of Marketing
- Former: Su Leigh (2020–2023) — Director
- Former: Adam Kavanagh (2021–2023) — Senior Vice President & COO
- Former: Angela Harvey (2020–2022) — Vice President of Human Resource
- Former: Tucker Cole (2020–2022) — President & CEO
- Former: Deborah L. Sparrow (2020–2021) — Senior Vice President, Lending & Organizati
- Former: Mark Young (2020–2021) — Senior Vice President & Chief Operations Officer
- Former: Aimee Carlton (2020) — Director
- Former: Sherry Nadeau (2020) — Operations Manager
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $400K, to Stephen Wallace (President/CEO). 11 officers or directors reported compensation on that filing.
Frequently asked questions about Maine State Credit Union
How much does Maine State Credit Union give each year?
Maine State Credit Union gave $196K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $202K across 3 grants.
How large is Maine State Credit Union?
Maine State Credit Union reported $701.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $39.8M.
Where does Maine State Credit Union operate?
Maine State Credit Union has awarded grants in Maine.
What is Maine State Credit Union's EIN?
Maine State Credit Union's EIN (Employer Identification Number) is 01-0196194. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Maine State Credit Union by hand.
Explore Open Grants
Browse active grant opportunities in Maine State Credit Union's focus areas in our free grants database
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More Funders in Maine
Maine State Credit Union down — hundreds of funders to go?