Peopleschoice Credit Union
Peopleschoice Credit Union shows consistent asset growth and positive net revenue over six years.
EIN: 16015389 · Saco, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $9.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $180 |
| Net Assets | $14.0M |
| Transparency Score | 85/100 |
Is Peopleschoice Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peopleschoice Credit Union directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peopleschoice Credit Union
Peopleschoice Credit Union (EIN: 16015389) is a nonprofit organization based in Saco, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peopleschoice Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peopleschoice Credit Union is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.8M |
| Total Expenses | $9.2M |
| Surplus / Deficit | +$612K |
| Total Assets | $180.9M |
| Total Liabilities | $166.9M |
| Net Assets | $14.0M |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 92.3% |
| Months of Reserves | 236.3 months |
Financial Health Grade: A
In 2016, Peopleschoice Credit Union reported a surplus of $612K with revenue exceeding expenses, holds 236.3 months of operating reserves (strong position), has a debt-to-asset ratio of 92.3% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Peopleschoice Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +148.1% | +146.4% | +13.9% |
| 2015 | -49.3% | -47.7% | +3.1% |
| 2014 | +8.5% | +5.4% | +2.6% |
| 2013 | -1.8% | -0.1% | +5.0% |
| 2012 | +3.4% | +1.8% | +6.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Peopleschoice Credit Union with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Peopleschoice Credit Union allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $612K, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.3%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings indicates that no compensation was paid to officers, which is highly unusual for an organization of this size with assets exceeding $180 million. This suggests either a unique operational structure where officers are uncompensated, or that compensation is reported under different categories not captured by 'Officer Comp' in this summary.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Peopleschoice Credit Union's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual leadership compensation structures.
Strengths
The following positive indicators were identified for Peopleschoice Credit Union:
- Consistent positive net revenue, indicating financial stability (e.g., $612,000 surplus in 2016).
- Steady growth in assets over time, from $134M in 2011 to $180M in 2016, demonstrating strong financial management.
- Consistent filing of IRS 990 forms, indicating a commitment to transparency.
- Healthy asset-to-liability ratio, suggesting strong financial solvency (e.g., $180M assets vs $166M liabilities in 2016).
Frequently Asked Questions about Peopleschoice Credit Union
Is Peopleschoice Credit Union a legitimate charity?
Peopleschoice Credit Union (EIN: 16015389) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Peopleschoice Credit Union spend its money?
Peopleschoice Credit Union directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Peopleschoice Credit Union tax-deductible?
Peopleschoice Credit Union is registered as a tax-exempt nonprofit (EIN: 16015389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Peopleschoice Credit Union CEO make?
Peopleschoice Credit Union's highest-compensated officer earns $180 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Peopleschoice Credit Union's spending goes to programs?
Peopleschoice Credit Union directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Peopleschoice Credit Union located?
Peopleschoice Credit Union is headquartered in Saco, Maine and files with the IRS under EIN 16015389.
How many years of IRS 990 filings does Peopleschoice Credit Union have?
Peopleschoice Credit Union has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
How does Peopleschoice Credit Union manage to report 0% officer compensation given its significant asset base?
The provided data consistently shows 0% officer compensation. This could mean officers are volunteers, compensated through non-officer roles, or that compensation is reported under different expense categories not specified in the 'Officer Comp' field.
What are the specific program activities and their associated costs for Peopleschoice Credit Union?
The provided data does not detail specific program activities or their individual costs. It only provides total revenue and expenses, making it difficult to assess the exact nature and efficiency of program spending beyond the overall financial health.
What is the breakdown of the 'Expenses' category beyond officer compensation?
The provided data only gives total expenses and officer compensation. A detailed breakdown of other expense categories, such as administrative, program, and fundraising costs, is not available from this summary.
Filing History
IRS 990 filing history for Peopleschoice Credit Union showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Peopleschoice Credit Union's revenue has grown by 38.9%, moving from $7.1M to $9.8M. Total assets increased by 34.7% over the same period, from $134.3M to $180.9M. Total functional expenses rose by 38.1%, from $6.7M to $9.2M. In its most recent filing year (2016), Peopleschoice Credit Union reported a surplus of $612K, with revenue exceeding expenses. The organization holds $166.9M in liabilities against $180.9M in assets (debt-to-asset ratio: 92.3%), resulting in net assets of $14.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $9.8M | $9.2M | $180.9M | $166.9M | — | View 990 |
| 2015 | $3.9M | $3.7M | $158.8M | $145.4M | — | View 990 |
| 2014 | $7.8M | $7.1M | $154.0M | $140.7M | — | View 990 |
| 2013 | $7.2M | $6.8M | $150.1M | $138.6M | — | View 990 |
| 2012 | $7.3M | $6.8M | $142.9M | $130.6M | — | View 990 |
| 2011 | $7.1M | $6.7M | $134.3M | $122.1M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $9.8M, expenses of $9.2M, and assets of $180.9M (revenue +148.1% year-over-year).
- 2015: Revenue of $3.9M, expenses of $3.7M, and assets of $158.8M (revenue -49.3% year-over-year).
- 2014: Revenue of $7.8M, expenses of $7.1M, and assets of $154.0M (revenue +8.5% year-over-year).
- 2013: Revenue of $7.2M, expenses of $6.8M, and assets of $150.1M (revenue -1.8% year-over-year).
- 2012: Revenue of $7.3M, expenses of $6.8M, and assets of $142.9M (revenue +3.4% year-over-year).
- 2011: Revenue of $7.1M, expenses of $6.7M, and assets of $134.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peopleschoice Credit Union:
Data Sources and Methodology
This transparency report for Peopleschoice Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.