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The 2021 Annual Meeting will be held on Tuesday, April 27th, on Facebook live on TruChoice Federal Credit Union’s Facebook page at 5:30 PM.  All members are welcome to attend. The Board Chair's Report from Joe Winschel, the Supervisory Committee Report from Gary Morse, and the 2020 financial reports can be found below.

Board Chair's Report

Supervisory Committee Report

2020 Financial Report


On behalf of the membership and in accordance with the bylaws, the Nominating Committee has placed in nomination the following individuals for three-year terms on the Board of Directors:


  • Joseph Winschel- Joe joined the Credit Union in 1999 and is currently serving as the Board Chair. Joe was employed with Maine Medical Center for over 30 years, and is currently employed with Catholic Charities Maine as their Grants and Contracts Administrator.


  • Steve Batista – Steve joined the Credit Union in 2006. Steve was employed at Maine Behavioral Healthcare and Spring Harbor Hospital in Westbrook from 1999 to 2020, where he held a variety of financial leadership positions.  He holds a master’s degree in Management from New England College and a BA from Middlebury College.   Steve’s work history also includes eight years with various local banking institutions in the 1980s and 1990s.  



The election of board members will take place at the annual meeting and will not be conducted by ballot, nor will nominations from the floor be permitted, as outlined in the credit union’s bylaws. Therefore, members wishing to be considered for the position of Director need to submit, in writing, a statement of qualifications; a letter of intent to serve; and a petition with the signatures of 1% of the credit union’s membership (this is approximately 121 members as of 10-31-2020). This information must be received prior to February 18, 2021. Please send to: Kenneth Acker at TruChoice Federal Credit Union, PO Box 10659, Portland, ME 04104.





We allow non-Visa debit transaction processing. This means you may use your Visa® Debit Card on a PIN-Debit Network* (a non-Visa network) without using a PIN to authenticate your transactions.  The non-Visa debit network for which such transactions are allowed is Accel.  Examples of the types of actions that you may be required to make to initiate a Visa transaction on your Visa Debit Card include signing a receipt, providing a debit card number over the phone or via the Internet, or swiping the debit card through a point-of-sale terminal.  Examples of the types of actions you may be required to make to initiate a transaction on a PIN-Debit Network include initiating a payment directly with the biller (possibly via telephone, Internet, or kiosk locations), responding to a logo displayed at a payment site and choosing to direct payment through that network, and having your identity verified using known information derived from an existing relationship with you instead of through the use of a PIN.  Please be advised that the terms and conditions of your agreement with us relating to Visa debit transactions do not apply to non-Visa debit transactions. For example, the additional limits on liability (sometimes referred to as Visa’s zero-liability program) and the streamlined error resolution procedures offered on Visa debit card transactions are not applicable to transactions processed on a PIN-Debit Network. If you have any questions, please give us a call.



Members who have Traditional and Roth Individual Retirement Accounts can make deposits for tax year 2020 through April 15, 2021. Please specify the tax year at the time of deposit.  All IRA balances as of 12/31/20 reflect Fair Market Value. This Fair Market Value info is being furnished to the Internal Revenue Service. 

Tax Notice

1098s and 1099s will be sent to members with tax information for 2020 before 1/31/21. If you paid less than $600 interest on your mortgage loan, you will not receive a 1098.   All members will receive a 1099-INT replacement on their final statement of 2020.  Your year-end statement contains important tax information that is being reported to the Internal Revenue Service (IRS) on your behalf. No paper copy of the 1099-INT tax form will be mailed.

To read the "Instructions for Recipient" information from the back of a standard 1099- INT form, visit These instructions explain how to read the tax information that appears at the end of your December statement.