Evergreen Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010216328 ✦ Portland, ME ✦ Designated as a 501(c)(14)

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Overview

What is Evergreen Credit Union?

Evergreen Credit Union, based in Portland, Maine, is a credit union serving 24,727 members. This member-focused organization offers a range of savings and loan services, ensuring affordable and top-notch financial solutions for its community.


Official website here: www.evergreencreditunion.org

What are the reviews and ratings of this charity?

Evergreen Credit Union is not currently rated by Charity Navigator, primarily because it is not a 501(c)(3) IRS registered nonprofit, which is a requirement for such an evaluation. The lack of a rating does not imply a reflection on the organization’s performance or effectiveness; rather, it signifies an absence of assessment within Charity Navigator's framework.

The information from Charity Navigator indicates that Evergreen Credit Union would historically have been assessed mainly on accountability and finance, but currently lacks data such as revenue, expenses, and key person salaries. This limits the ability to form a complete public report on their operational and financial transparency.

As there are no user reviews available on GreatNonprofits, insights into public perception or detailed qualitative feedback regarding the credit union are not accessible. Overall, potential stakeholders should seek additional sources for a comprehensive understanding of Evergreen Credit Union’s impact and operations.


This AI summary has been generated from information found on Charity Navigator.

Is Evergreen Credit Union legitimate?

Evergreen Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Evergreen Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,223,124
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,427,920

For more financial information, click here


Official website here: www.evergreencreditunion.org

What is the mission statement of Evergreen Credit Union?

Evergreen Credit Union is dedicated to offering savings and loan services to its members. With a membership base of over 24,000, this credit union provides access to a range of affordable and top-tier financial solutions. The organization prides itself on delivering low-cost, high-quality services to its members. By focusing on these offerings, Evergreen Credit Union empowers its members to effectively manage their finances and work towards their financial goals.


Official website here: www.evergreencreditunion.org

Who is the CEO of Evergreen Credit Union?

Kate Archambault is the Chair of Evergreen Credit Union. The CEO's salary of Evergreen Credit Union is $369,650 and their total compensation is $416,946.


Official website here: www.evergreencreditunion.org

What is the revenue of Evergreen Credit Union?

Evergreen Credit Union's revenue in 2022 was $21,853,203.


Official website here: www.evergreencreditunion.org

Who are the executives of Evergreen Credit Union and what are their salaries?

The average compensation at Evergreen Credit Union during 2022 was $68,313. There are 112 employees and 8 volunteers at Evergreen Credit Union.


Here are 17 key members and their salaries (Evergreen Credit Union's CEO's salary is $369,650 and their total compensation is $416,946):


Sandra Lipsey (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Green (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Natale (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Dorr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Walsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Doe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Lindstrom (Ceo)
  • Compensation: $369,650
  • Related: $0
  • Other: $47,296
Kathleen Archambault (Cfo)
  • Compensation: $261,168
  • Related: $0
  • Other: $27,036
Timothy Verreault (Coo)
  • Compensation: $271,139
  • Related: $0
  • Other: $37,623
Jere Shaw (Vp Cml Lending)
  • Compensation: $179,780
  • Related: $0
  • Other: $29,432
Denis Knox (Vp Lending)
  • Compensation: $167,923
  • Related: $0
  • Other: $38,426
Cathy Lestage (Svp Of Hr)
  • Compensation: $166,175
  • Related: $0
  • Other: $30,156
Nathan Davis (Vp Of It)
  • Compensation: $159,365
  • Related: $0
  • Other: $37,732
Richard Folse (Vp Of Branch Administratio)
  • Compensation: $152,083
  • Related: $0
  • Other: $29,227
Howard Lowell (Vp Of Marketing)
  • Compensation: $154,332
  • Related: $0
  • Other: $14,543


Official website here: www.evergreencreditunion.org

Where can I find the form 990 for Evergreen Credit Union?

Evergreen Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.evergreencreditunion.org

Learn more at the official website: www.evergreencreditunion.org

Mission Statement of Evergreen Credit Union

Evergreen Credit Union, a prominent financial institution, is dedicated to offering savings and loan services to its 24,727 members. With a focus on affordability and quality, this credit union provides a vast array of financial solutions to its members.

The mission of Evergreen Credit Union is geared towards empowering individuals to manage their finances effectively. By offering a wide range of savings and loan services, the credit union enables its members to save money, build wealth, and access credit when needed. Members can rely on the credit union for various financial needs, knowing they will receive personalized and cost-effective solutions.

The advantages of being a member of Evergreen Credit Union extend beyond just financial services. Members gain access to a variety of low cost, high-quality offerings tailored to their financial needs. The credit union's commitment to affordability ensures that its members can save money and make informed decisions about their financial future. With an emphasis on accessibility and convenience, Evergreen Credit Union is a valuable resource for individuals seeking reliable and trustworthy financial services.

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Impact




August, 2024

Evergreen Credit Union's impact is significant in providing 24,727 members in Portland, ME with savings and loan services. Members benefit from a wide variety of low-cost, high-quality financial services, improving their financial stability and well-being. The credit union plays a crucial role in supporting the community by empowering individuals and families to achieve their financial goals and build a secure future.




This information is meant to be a general summary of Evergreen Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$21,853,203 (2022)
Expenses
$18,528,989 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,726,539
  • Program Service Revenue: $16,298,081
  • Gross Receipts: $21,853,203

Assets and Liabilities:

  • Total Assets: $495,681,435
  • Total Liabilities: $460,931,699
  • Net Assets: $34,749,736

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME FROM MEMBERS

Revenue

$14,307,643

FEE INCOME

Revenue

$1,990,438

Organization Details

Founding Year

1951

Principal Officer

Kate Archambault

Main Address

225 RIVERSIDE STREET, PORTLAND, ME, 04104

NTEE Category

Code: W60 - Public benefit

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