Dec, 31, 2023 — EVERGREENDIRECT CREDIT UNION is a federally insured state chartered credit union headquartered in TUMWATER, WA with 2 branch locations and about $76.25 million in total assets. Opened 47 years ago in 1977, EVERGREENDIRECT CREDIT UNION has about 5,045 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EVERGREENDIRECT CREDIT UNION |
|---|---|
| Address: (Main Office) | 6001 Capitol Blvd SW TUMWATER, WA 98501-5290 |
| Phone: | (360) 943-7676 |
| Fax: | (360) 943-6065 |
| Website: | https://www.evergreendirect.org |
| Branches: | 2 branch locations |
| Members: | 5,045 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68546 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $76,251,466 |
| CEO/Manager: | JohnPaul McGee |
| Chairperson: | Sue Girsch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,103,131 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,207,970 |
| Unsecured Loans | 9,800,526 |
| Other Loans | 19,162,581 |
| TOTAL LOANS | 41,171,078 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -307,010 |
| Land And Building | 3,511,551 |
| Other Fixed Assets | 168,615 |
| NCUSIF Deposit | 678,435 |
| All Other Assets | 0 |
| TOTAL ASSETS | 76,251,466 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,230,525 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,922,200 |
| Regular shares | 25,487,500 |
| All Other Shares & Deposits | 28,158,318 |
| TOTAL SHARES & DEPOSITS | 70,568,018 |
| TOTAL LIABILITIES | 71,798,543 |
| Regular Reserve | 0 |
| Other Reserves | -4,254,752 |
| Undivided Earnings | 8,707,675 |
| TOTAL EQUITY | 4,452,923 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 76,251,466 |
| INCOME & EXPENSE | |
| Loan Income | 2,883,760 |
| Investment Income | 561,072 |
| Other Income | 1,193,492 |
| Total Employee Compensation & Benefits | 1,905,232 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,772,834 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 378,248 |
| Cost of Funds | 599,069 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,352 |
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