Mission
The VEBA trust was formed for the purpose of funding and administering employee benefit plans established and maintained by members of the Maine Bankers Association for their respective employees.
Public Charity
Maine Financial Institutions Employee Benefits Trust
Maine Financial Institutions Employee Benefits Trust is a Public Charity headquartered in Westbrook, ME. Financial data from the 2025 filing: $37.1M revenue, $35.7M expenses, $13.0M total assets.
EIN: 016133041
Westbrook, ME
Voluntary Employees Beneficiary Associations (Non-Government)
NTEE: Y43
Latest filing: 2025
Total Revenue$37.1M
Total Expenses$35.7M
Total Assets$13.0M
Grant Records0
Filing Years2020–2025
Officers & Directors
Past Trustee
Blaine Boudreau
Trustee
David Cohen
Trustee
Glenn Hutchinson
President
James J Roche
Trustee
Jeanne Hulit
Trustee
Lannie Moffatt
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $37.1M | $35.7M | $13.0M |
| 2024 | $35.0M | $35.0M | $12.0M |
| 2023 | $34.8M | $37.3M | $12.6M |
| 2022 | $30.6M | $31.5M | $14.4M |
| 2020 | $29.1M | $26.2M | $13.7M |
Between 2020 and 2025, reported annual revenue grew from $29.1M to $37.1M (+27%), with total assets most recently reported at $13.0M.
Interactive year-over-year charts and full filing details available with membership.