Evergreen Direct Credit Union is headquartered in Olympia and is the 60th largest credit union in the state of Washington. It is also the 2,369th largest credit union in the nation. It was established in 1977 and as of December of 2013, it had grown to 20 employees and 4,904 members. Evergreen Direct Credit Union has a B health rating.
Must live, work or worship in Washington State or be a part of any school district in Washington State - See Details
No reviews have been left for this bank yet. Be the first to review.
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 Direct Credit Union had $845,000 in non-current loans and owned real-estate with $6.25 million in equity and loan loss allowances on hand to cover it. This gives Evergreen Direct Credit Union a Texas Ratio of 13.52% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Evergreen Direct Credit Union experienced no significant changes from 8.73% as of December 31, 2012 to 13.52% as of December 31, 2013, resulting in a negative change of 54.89%. This indicates that the balance sheet and financial strength for Evergreen Direct Credit Union has had no significant changes in recent periods.
In the past year, Evergreen Direct Credit Union has increased its total deposits by $1.85 million, resulting in 4.92% 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 Direct Credit Union has shown is excellent.
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 Direct Credit Union has $45.97 million in assets with $6.25 million in equity, resulting in a capitalization level of 13.60%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$5.67 million|
|Loan Loss Allowance||$577,000|
|Unbacked Noncurrent Loans||$754,000|
|Real Estate Owned||$91,000|
|Historic Data - December 2012|
|Equity Capital||$5.58 million|
|Loan Loss Allowance||$546,000|
|Unbacked Noncurrent Loans||$754,000|
|Real Estate Owned||$138,000|
|Profit Margin - Quarterly|
|Net Interest Margin||6.36%|
|Return on Assets||0.6%|
|Return on Equity||4.85%|
|Interest Income||$2.32 million|
Always verify rates and promotions with the bank or credit union. We are not Evergreen Direct Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.35%||$250||-||IRA Savings Account|
|0.35%||$250||-||Roth IRA Savings Account|
|0.35%||$250||-||Coverdell Education Savings Account|
|0.15%||$100||-||Limited Auxiliary Savings Account|
|0.15%||$250||-||Unlimited Auxiliary Savings Account|
|0.40%||$50k||-||Money Market Account|
|0.10%||-||-||DIRECT Checking Account|
|0.10%||-||-||Complete Business Checking Account|
|1.23%||$1k||-||60 Month Share Certificate|
|1.03%||$1k||-||48 Month Share Certificate|
|0.83%||$1k||-||36 Month Share Certificate|
|0.63%||$1k||-||24 Month Share Certificate|
|0.35%||$1k||-||12 Month Share Certificate|
|1.23%||$1k||-||60 Month IRA Certificate (Traditional,Roth,CESA)|
|1.03%||$1k||-||48 Month IRA Certificate (Traditional,Roth,CESA)|
|0.83%||$1k||-||36 Month IRA Certificate (Traditional,Roth,CESA)|
|0.63%||$1k||-||24 Month IRA Certificate (Traditional,Roth,CESA)|
|0.35%||$1k||-||12 Month IRA Certificate (Traditional,Roth,CESA)|
|Evergreen Direct Credit Union Locations|
|Branch Office||1018 Union Ave SE||Olympia, WA 98501-1540|
|Branch Office||6101 Capitol Blvd SW STE B||Tumwater, WA 98501-8519|