Overview / Commentary
evergreenDIRECT Credit Union is headquartered in Tumwater and is the 51st largest credit union in the state of Washington. It is also the 2,001st largest credit union in the nation. It was established in 1977 and as of December of 2021, it had grown to 24 employees and 5,216 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 2021
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 | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 3.25% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $83.9MM$73.0MM |
| Loans | Q4 2021vs Q4 2020 | $38.9MM$35.9MM |
| Deposits | Q4 2021vs Q4 2020 | $75.0MM$64.2MM |
| Equity Capital | Q4 2021vs Q4 2020 | $7.8MM$8.1MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $180.00K$312.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $142.00K$146.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |