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 |
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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 |
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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 |
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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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