Evergreen Credit Union

Evergreen Credit Union 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 12/2019, Evergreen Credit Union employed 98 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 12/2019, Evergreen Credit Union generated $16.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $13.9m during the year ending 12/2019. While expenses have increased by 9.7% per year over the past 5 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

2019

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 24,727 MEMBERS AS OF 12/31/2019. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.


Do You Work With Nonprofits?Intellispect helps service providers identify nonprofit prospects and make contact with decision makers.

Evergreen Credit Union Board, Officers & Key Employees

Name (title)Compensation
Jason Lindstrom
CEO
$313,423
Timothy Verreault
COO
$226,890
Kathleen Archambault
CFO
$218,630
Jere Shaw
VP Cml Lending
$142,516
Denis Knox
VP Lending
$140,096
Howard Lowell
VP Marketing
$136,788

Evergreen Credit Union Vendors

Vendor Name (Service)Compensation
Synergent
Core Data Processor
$1,414,439
Commercialc Construction Services
Building Remodeling
$227,959
St Clarie Media Group
Advertising Agency
$179,038
Systems Engineering
It Managed Services
$168,644
Construction Admin Professionals
Remodeling Management
$112,426
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$12,614,892
Investment income $1,029,116
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 $16,124,008

Evergreen Credit Union Peer Organizations

Create a Free Account

Create an account to unlock the data you need.

or
I