Overview / Commentary
evergreenDIRECT Credit Union is headquartered in Tumwater and is the 50th largest credit union in the state of Washington. It is also the 2,062nd largest credit union in the nation. It was established in 1977 and as of September of 2022, it had grown to 23 employees and 5,136 members at 2 locations. evergreenDIRECT Credit Union has a B health rating.
Field of Membership Restrictions
evergreenDIRECT Credit Union is open to those who live, work, or worship or is a part of any school district in the State of Washington.
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Health
B
Data as of Q3 2022
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. evergreenDIRECT Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68546 |
| Year Chartered | 1977 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.52% |
| Return on Equity - YTD | 10.55% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $81.1MM$82.9MM |
| Loans | Q3 2022vs Q3 2021 | $37.6MM$36.7MM |
| Deposits | Q3 2022vs Q3 2021 | $76.2MM$74.0MM |
| Equity Capital | Q3 2022vs Q3 2021 | $4.0MM$8.1MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $225.00K$190.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $252.00K$83.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |