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Overview / Commentary
P.O. Box 1038
Portland, ME 04104

Evergreen CU (ME) is headquartered in Portland and is the 7th largest credit union in the state of Maine. It is also the 853rd largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 48 employees and 23,025 members. Evergreen CU (ME) has a B+ health rating.

Field of Membership Restrictions

To open an account, you (or an immediate relative who already has an account with us) must reside, work or attend school in Cumberland County, Maine. You must be 18 years of age (under 18 with parental signature) - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Evergreen CU (ME) had $2.64 million in non-current loans and owned real-estate with $20.73 million in equity and loan loss allowances on hand to cover it. This gives Evergreen CU (ME) a Texas Ratio of 12.75% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Evergreen CU (ME) decreased slightly from 15.72% as of December 31, 2012 to 12.75% as of December 31, 2013, resulting in a positive change of 18.85%.This indicates that the balance sheet and financial strength for Evergreen CU (ME) has improved slightly in recent periods.

Deposit Growth


In the past year, Evergreen CU (ME) has increased its total deposits by $4.8 million, resulting in 2.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Evergreen CU (ME) has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Evergreen CU (ME) has $220.48 million in assets with $20.73 million in equity, resulting in a capitalization level of 9.40%, which is average.

Institution Statistics

NCUA #68038
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$220.48 million
Loans$130.22 million
Deposits$201.79 million
Equity Capital$18.62 million
Loan Loss Allowance$2.11 million
Unbacked Noncurrent Loans$2.54 million
Real Estate Owned$109,000
Historic Data - December 2012
Assets$214.65 million
Equity Capital$17.62 million
Loan Loss Allowance$1.89 million
Unbacked Noncurrent Loans$2.54 million
Real Estate Owned$94,000
Profit Margin - Quarterly
Net Interest Margin4.17%
Return on Assets0.45%
Return on Equity5.38%
Interest Income$7.14 million

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Evergreen CU (ME) Savings Account Rates

0.05%$25-Share Savings
0.05%--Club Savings

Evergreen CU (ME) Money Market Rates

0.30%$50k-Money Market
0.10%--IRA Money Market

Evergreen CU (ME) Checking Account Rates

0.10%--Dividend Business Checking

Evergreen CU (ME) CD Rates

1.50%$500-60 Month CD
1.15%$500-48 Month CD
1.00%$500-36 Month CD
0.75%$500-24 Month CD
0.50%$500-12 Month CD
0.30%$500-6 Month CD

Evergreen CU (ME) IRA Rates

1.50%$500-60 Month IRA (Traditional,Roth,CESA)
1.15%$500-48 Month IRA (Traditional,Roth,CESA)
1.00%$500-36 Month IRA (Traditional,Roth,CESA)
0.75%$500-24 Month IRA (Traditional,Roth,CESA)
0.50%$500-12 Month IRA (Traditional,Roth,CESA)
0.30%$500-6 Month IRA (Traditional,Roth,CESA)

Evergreen CU (ME) Locations
Branch Office838 Roosevelt TrlNaples, ME 04055
Branch Office785 Roosevelt TrlWindham, ME 04062
Branch Office799 BroadwaySouth Portland, ME 04106
Branch Office225 Riverside StPortland, ME 04103-1038