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EVERGREENDIRECT CREDIT UNION

Mar, 31, 2022 — EVERGREENDIRECT CREDIT UNION is a federally insured state chartered credit union headquartered in TUMWATER, WA with 2 branch locations and about $84.55 million in total assets. Opened 45 years ago in 1977, EVERGREENDIRECT CREDIT UNION has about 5,151 members and employs 24 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:http://www.evergreendirect.org
Branches:2 branch locations
Members:5,151
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$84,550,181
CEO/Manager:JohnPaul McGee
Chairperson:Sue Girsch

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,697,617
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,171,953
 Unsecured Loans 7,923,733
 Other Loans 20,598,582
 TOTAL LOANS 37,694,268
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -180,000
 Land And Building 3,609,373
 Other Fixed Assets 212,623
 NCUSIF Deposit 684,316
 All Other Assets 18,000
  TOTAL ASSETS 84,550,181
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,086,843
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,352,939
 Regular shares 33,440,783
 All Other Shares & Deposits 25,376,733
  TOTAL SHARES & DEPOSITS 77,170,455
  TOTAL LIABILITIES 78,257,298
 Regular Reserve 0
 Other Reserves -1,978,229
 Undivided Earnings 8,271,112
  TOTAL EQUITY 6,292,883
  TOTAL LIABILITIES, SHARES, & EQUITY 84,550,181
INCOME & EXPENSE  
 Loan Income 527,884
 Investment Income 124,204
 Other Income 289,114
 Total Employee Compensation & Benefits 407,259
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 399,026
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,237
 Cost of Funds 53,272
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 101,435
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