Mar, 31, 2021 — EVERGREENDIRECT CREDIT UNION is a federally insured state chartered credit union headquartered in TUMWATER, WA with 2 branch locations and about $79.51 million in total assets. Opened 44 years ago in 1977, EVERGREENDIRECT CREDIT UNION has about 5,109 members and employs 23 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: | 5,109 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $79,507,133 |
| CEO/Manager: | JohnPaul McGee |
| Chairperson: | Sue Girsch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,523,740 |
| TOTAL INVESTMENTS | 24,836,796 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,204,841 |
| Unsecured Loans | 8,334,064 |
| Other Loans | 18,376,856 |
| TOTAL LOANS | 34,915,761 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,647 |
| Land And Building | 3,666,424 |
| Other Fixed Assets | 180,807 |
| NCUSIF Deposit | 566,564 |
| All Other Assets | 2,036,688 |
| TOTAL ASSETS | 79,507,133 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,061,525 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,463,862 |
| Regular shares | 29,803,836 |
| All Other Shares & Deposits | 24,221,756 |
| TOTAL SHARES & DEPOSITS | 70,489,454 |
| TOTAL LIABILITIES | 71,550,979 |
| Regular Reserve | 853,258 |
| Other Reserves | -89,864 |
| Undivided Earnings | 7,192,760 |
| TOTAL EQUITY | 7,956,154 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 79,507,133 |
| INCOME & EXPENSE | |
| Loan Income | 523,427 |
| Investment Income | 29,071 |
| Other Income | 263,154 |
| Total Employee Compensation & Benefits | 384,721 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 365,403 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -93,481 |
| Cost of Funds | 54,903 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 131,401 |
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