Overview / Commentary
evergreenDIRECT Credit Union is headquartered in Tumwater and is the 58th largest credit union in the state of Washington. It is also the 2,192nd largest credit union in the nation. It was established in 1977 and as of December of 2019, it had grown to 23 employees and 5,152 members at 2 locations. evergreenDIRECT Credit Union's money market rates are 48% higher than the national average, and it 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 Q4 2019
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 | 1.08% |
| Return on Equity - YTD | 8.07% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $57.7MM$58.0MM |
| Loans | Q4 2019vs Q4 2018 | $40.1MM$41.3MM |
| Deposits | Q4 2019vs Q4 2018 | $48.9MM$50.2MM |
| Equity Capital | Q4 2019vs Q4 2018 | $7.8MM$7.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $341.00K$390.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $117.00K$309.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |