Saco Valley Credit Union

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

12 people listed

KEVIN PARTRIDGE (PRESIDENT/CEO): $344,143 total reported compensation
BENJAMIN GOSSELIN (CHIEF FINANCIAL OFFICER): $177,925 total reported compensation
SEAN READY (CHIEF LENDING OFFICER): $148,810 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Provide members with savings and loan services.

The credit union had 9,201 members as of 12/31/2025. Members have access to a wide variety of low cost, high quality services.

Revenue model: Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 18%; rating input score 73; 73rd percentile among comparable filings
Total-asset coverage ratio: 22.17; rating input score 96; 96th percentile among comparable filings
Liabilities to assets ratio: 0.89; rating input score 7; 7th percentile among comparable filings
Officer compensation ratio: 9.3%; rating input score 28; 28th percentile among comparable filings

Program expense growth: 1.6% per year; rating input score 100; 16th percentile among comparable filings
Revenue growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
Asset growth: 5.7% per year; rating input score 100; 40th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $344K · 12 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 2 contractors listed · $819K reported
Consistency: 12 of 12 current checks pass
Schedules: 3 filed schedules · includes executive pay
Filing history: 15 filing years from 2010 to 2025
Contacts: How to reach this organization
Money network: 4 filed money-flow records
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

Review — Accountability: Governance controls: Form 990 shared with the board not reported.
High — Sustainability: Liabilities to assets ratio scored 7/100.
High — Sustainability: Officer compensation ratio scored 28/100.