Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
1018 Union Ave Se
Olympia, WA 98501

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.

Field of Membership Restrictions

Must live, work or worship in Washington State or be a part of any school district in Washington State - See Details

Related Posts

No reviews have been left for this bank yet. Be the first to review.


Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Evergreen Direct Credit Union has a low asset base.

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 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.

Texas Ratio Trend


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.

Deposit Growth


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.

Institution Statistics

NCUA #68546
Year Chartered1977
Primary Regulator
Assets and Liabilities
Assets$45.97 million
Loans$32.61 million
Deposits$39.38 million
Equity Capital$5.67 million
Loan Loss Allowance$577,000
Unbacked Noncurrent Loans$754,000
Real Estate Owned$91,000
Historic Data - December 2012
Assets$43.92 million
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 Margin6.36%
Return on Assets0.6%
Return on Equity4.85%
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.

Evergreen Direct Credit Union Savings Account Rates

0.35%$250-IRA Savings Account
0.35%$250-Roth IRA Savings Account
0.35%$250-Coverdell Education Savings Account
0.15%$250-Savings Account
0.15%$100-Limited Auxiliary Savings Account
0.15%$250-Unlimited Auxiliary Savings Account

Evergreen Direct Credit Union Money Market Rates

0.40%$50k-Money Market Account

Evergreen Direct Credit Union Checking Account Rates

0.10%--DIRECT Checking Account
0.10%--Complete Business Checking Account

Evergreen Direct Credit Union CD Rates

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

Evergreen Direct Credit Union IRA Rates

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 Office1018 Union Ave SEOlympia, WA 98501-1540
Branch Office6101 Capitol Blvd SW STE BTumwater, WA 98501-8519