University Credit Union
University Credit Union shows consistent growth in revenue and assets with 0% reported officer compensation.
EIN: 16028792 · Orono, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $15.0M |
| Program Spending | 100% |
| Net Assets | $25.2M |
| Transparency Score | 85/100 |
Is University Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Credit Union directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Credit Union
University Credit Union (EIN: 16028792) is a nonprofit organization based in Orono, 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 University Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Credit Union is a large nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.3M |
| Total Expenses | $15.0M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $276.0M |
| Total Liabilities | $250.9M |
| Net Assets | $25.2M |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 90.9% |
| Months of Reserves | 221.3 months |
Financial Health Grade: A
In 2016, University Credit Union reported a surplus of $1.3M with revenue exceeding expenses, holds 221.3 months of operating reserves (strong position), has a debt-to-asset ratio of 90.9% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), University Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +5.3% | +4.2% | +3.9% |
| 2015 | +7.5% | +12.1% | +4.0% |
| 2014 | +12.7% | +11.9% | +9.3% |
| 2013 | -2.0% | -0.5% | +10.5% |
| 2012 | +5.7% | +3.7% | +9.6% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates University 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, University Credit Union allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 90.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings (2011-2016), which is highly unusual for an organization of its size and suggests that executive compensation is either not being paid, or is not being reported under this specific category in the provided data, or is covered by other operational expenses not detailed here.
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 University Credit Union's IRS 990 filings:
- Unusual filing of Form 990 for a credit union
- Consistent 0% reported officer compensation for an organization of this size, which may indicate incomplete reporting or unique compensation structures not fully transparent in the provided data.
Strengths
The following positive indicators were identified for University Credit Union:
- Consistent revenue growth from $12.3M in 2011 to $16.2M in 2016
- Steady asset growth from $192.9M in 2011 to $276M in 2016
- Positive net income reported annually, indicating financial stability
- Low liabilities relative to assets, suggesting a healthy balance sheet
Frequently Asked Questions about University Credit Union
Is University Credit Union a legitimate charity?
University Credit Union (EIN: 16028792) 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. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does University Credit Union spend its money?
University Credit Union directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to University Credit Union tax-deductible?
University Credit Union is registered as a tax-exempt nonprofit (EIN: 16028792). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is University Credit Union located?
University Credit Union is headquartered in Orono, Maine and files with the IRS under EIN 16028792.
How many years of IRS 990 filings does University Credit Union have?
University 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.
Why does University Credit Union file a Form 990 if it is a credit union?
Credit unions are generally exempt from federal income tax under IRC Section 501(c)(1) and typically do not file Form 990. Their filing of this form suggests a unique tax status or reporting requirement that warrants further investigation.
How does University Credit Union manage to report 0% officer compensation?
Reporting 0% officer compensation for an organization with revenues exceeding $12 million annually is highly unusual. This could indicate that executive salaries are not categorized as 'officer compensation' in the provided data, are covered by other operational expenses, or are genuinely not paid, which would be a significant financial efficiency.
What are the primary expenses for University Credit Union given the reported revenue and expense figures?
Without a detailed breakdown of expenses beyond total expenses, it's difficult to ascertain the primary spending categories. The difference between revenue and expenses (e.g., $16.2M revenue vs. $14.9M expenses in 2016) suggests a net income, but the allocation of the $14.9M in expenses is not specified.
Filing History
IRS 990 filing history for University Credit Union showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), University Credit Union's revenue has grown by 32.2%, moving from $12.3M to $16.3M. Total assets increased by 43.1% over the same period, from $192.9M to $276.0M. Total functional expenses rose by 35%, from $11.1M to $15.0M. In its most recent filing year (2016), University Credit Union reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $250.9M in liabilities against $276.0M in assets (debt-to-asset ratio: 90.9%), resulting in net assets of $25.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $16.3M | $15.0M | $276.0M | $250.9M | — | View 990 |
| 2015 | $15.4M | $14.4M | $265.7M | $241.6M | — | View 990 |
| 2014 | $14.4M | $12.8M | $255.5M | $232.3M | — | View 990 |
| 2013 | $12.7M | $11.4M | $233.7M | $212.1M | — | View 990 |
| 2012 | $13.0M | $11.5M | $211.5M | $191.2M | — | View 990 |
| 2011 | $12.3M | $11.1M | $192.9M | $174.1M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $16.3M, expenses of $15.0M, and assets of $276.0M (revenue +5.3% year-over-year).
- 2015: Revenue of $15.4M, expenses of $14.4M, and assets of $265.7M (revenue +7.5% year-over-year).
- 2014: Revenue of $14.4M, expenses of $12.8M, and assets of $255.5M (revenue +12.7% year-over-year).
- 2013: Revenue of $12.7M, expenses of $11.4M, and assets of $233.7M (revenue -2.0% year-over-year).
- 2012: Revenue of $13.0M, expenses of $11.5M, and assets of $211.5M (revenue +5.7% year-over-year).
- 2011: Revenue of $12.3M, expenses of $11.1M, and assets of $192.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Credit Union:
Data Sources and Methodology
This transparency report for University 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.