Dec, 31, 2023 — EVERGREEN CREDIT UNION is a federally insured state chartered credit union headquartered in PORTLAND, ME with 4 branch locations and about $538.78 million in total assets. Opened 73 years ago in 1951, EVERGREEN CREDIT UNION has about 29,541 members and employs 103 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EVERGREEN CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 Riverside St PORTLAND, ME 04103-1038 |
| Phone: | (207) 221-5000 |
| Fax: | (207) 221-5017 |
| Website: | https://www.egcu.org |
| Branches: | 4 branch locations |
| Members: | 29,541 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68038 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $538,782,468 |
| CEO/Manager: | Jason Lindstrom |
| Chairperson: | Rachel Green |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,835,288 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 273,352,212 |
| Unsecured Loans | 15,108,969 |
| Other Loans | 130,356,202 |
| TOTAL LOANS | 421,280,565 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,634,415 |
| Land And Building | 8,495,547 |
| Other Fixed Assets | 741,398 |
| NCUSIF Deposit | 4,553,410 |
| All Other Assets | 127,811 |
| TOTAL ASSETS | 538,782,468 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 9,356,425 |
| Accounts Payable & Other Liabilities | 1,927,202 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 107,551,331 |
| Regular shares | 158,748,608 |
| All Other Shares & Deposits | 222,205,683 |
| TOTAL SHARES & DEPOSITS | 488,505,621 |
| TOTAL LIABILITIES | 499,790,848 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 38,991,620 |
| TOTAL EQUITY | 38,991,620 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 538,782,468 |
| INCOME & EXPENSE | |
| Loan Income | 20,007,704 |
| Investment Income | 1,831,482 |
| Other Income | 2,126,746 |
| Total Employee Compensation & Benefits | 11,145,779 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,769,275 |
| Non-operating Income & (Expense) | 30,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 450,000 |
| Cost of Funds | 4,807,334 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,244,923 |
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