Evergreen Credit Union

Organization Overview

Evergreen Credit Union is located in Portland, ME. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Evergreen Credit Union employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Evergreen Credit Union generated $18.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $16.7m during the year ending 12/2021. While expenses have increased by 9.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION HAS 26,574 MEMBERS AS OF 12/31/2021. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Lindstrom
CEO
$321,220
Kathleen Archambault
CFO
$246,359
Timothy Verreault
COO
$246,203
Jere Shaw
VP Cml Lending
$168,128
Cathy Lestage
VP Hr
$147,701
Denis Know
VP Lending
$144,305

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Synergent
Core Data Processor
$1,588,906
Property Valuation Services
Loan Appraisal And Valuation Services
$214,425
St Clarie Media Group
Advertising Agency
$198,838
Benchmark
Building Contractor-remodel Work
$1,144,974
Systems Engineering
It Managed Services
$160,285
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$14,001,252
Investment income $942,318
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,374,213

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