Overview / Commentary
evergreenDIRECT Credit Union is headquartered in Tumwater and is the 55th largest credit union in the state of Washington. It is also the 2,080th largest credit union in the nation. It was established in 1977 and as of December of 2020, it had grown to 23 employees and 5,095 members at 2 locations. evergreenDIRECT Credit Union has an A 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
A
Data as of Q4 2020
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 | 0.21% |
| Return on Equity - YTD | 1.85% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $73.0MM$57.7MM |
| Loans | Q4 2020vs Q4 2019 | $35.9MM$40.1MM |
| Deposits | Q4 2020vs Q4 2019 | $64.2MM$48.9MM |
| Equity Capital | Q4 2020vs Q4 2019 | $8.1MM$7.8MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $312.00K$341.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $146.00K$117.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |