Jun, 30, 2024 — EVERGREENDIRECT CREDIT UNION is a federally insured state chartered credit union headquartered in TUMWATER, WA with 2 branch locations and about $81.07 million in total assets. Opened 48 years ago in 1977, EVERGREENDIRECT CREDIT UNION has about 5,136 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: | https://www.evergreendirect.org |
| Branches: | 2 branch locations |
| Members: | 5,136 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,065,161 |
| CEO/Manager: | JohnPaul McGee |
| Chairperson: | Sue Girsch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,317,287 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,221,956 |
| Unsecured Loans | 8,487,670 |
| Other Loans | 18,849,331 |
| TOTAL LOANS | 37,558,957 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -224,724 |
| Land And Building | 3,580,848 |
| Other Fixed Assets | 205,735 |
| NCUSIF Deposit | 731,941 |
| All Other Assets | 0 |
| TOTAL ASSETS | 81,065,161 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 858,777 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,222,442 |
| Regular shares | 33,143,813 |
| All Other Shares & Deposits | 24,808,609 |
| TOTAL SHARES & DEPOSITS | 76,174,864 |
| TOTAL LIABILITIES | 77,033,641 |
| Regular Reserve | 0 |
| Other Reserves | -4,457,001 |
| Undivided Earnings | 8,488,521 |
| TOTAL EQUITY | 4,031,520 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,065,161 |
| INCOME & EXPENSE | |
| Loan Income | 1,651,346 |
| Investment Income | 443,230 |
| Other Income | 893,005 |
| Total Employee Compensation & Benefits | 1,225,929 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,232,880 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,188 |
| Cost of Funds | 156,713 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 318,844 |
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