Evergreen Direct Credit Union is headquartered in Olympia and is the 61st largest credit union in the state of Washington. It is also the 2,409th largest credit union in the nation. It was established in 1977 and as of June of 2013, it had grown to 18 employees and 4,833 members. Evergreen Direct Credit Union has a A health rating.
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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 June 30, 2013 Evergreen Direct Credit Union had $591,000 in non-current loans and owned real-estate with $6.13 million in equity and loan loss allowances on hand to cover it. This gives Evergreen Direct Credit Union a Texas Ratio of 9.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Evergreen Direct Credit Union held steady from 9.27% as of June 30, 2012 to 9.64% as of June 30, 2013, resulting in a negative change of 4.02%. This indicates that the balance sheet and financial strength for Evergreen Direct Credit Union has held steady in recent periods.
In the past year, Evergreen Direct Credit Union has increased its total deposits by $1.75 million, resulting in 4.73% 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 $45.56 million in assets with $6.13 million in equity, resulting in a capitalization level of 13.45%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$5.52 million|
|Loan Loss Allowance||$604,000|
|Unbacked Noncurrent Loans||$500,000|
|Real Estate Owned||$91,000|
|Historic Data - June 2012|
|Equity Capital||$5.63 million|
|Loan Loss Allowance||$423,000|
|Unbacked Noncurrent Loans||$500,000|
|Real Estate Owned||$138,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.17%|
|Return on Assets||0.33%|
|Return on Equity||2.72%|
|Interest Income||$1.15 million|
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|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|
|1.23%||$1k||-||60 Month Roth IRA Certificate|
|1.23%||$1k||-||60 Month CESA Certificate|
|1.03%||$1k||-||48 Month IRA Certificate|
|1.03%||$1k||-||48 Month Roth IRA Certificate|
|1.03%||$1k||-||48 Month CESA Certificate|
|0.83%||$1k||-||36 Month IRA Certificate|
|0.83%||$1k||-||36 Month Roth IRA Certificate|
|0.83%||$1k||-||36 Month CESA Certificate|
|0.63%||$1k||-||24 Month IRA Certificate|
|0.63%||$1k||-||24 Month Roth IRA Certificate|
|0.63%||$1k||-||24 Month CESA Certificate|
|0.35%||$1k||-||12 Month IRA Certificate|
|0.35%||$1k||-||12 Month Roth IRA Certificate|
|0.35%||$1k||-||12 Month CESA Certificate|
|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|