Evergreen Credit Union

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

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

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

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 not tax deductible.

Here 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):

    Jason Lindstrom (Ceo)
  • Compensation: $369,650
  • Related: $0
  • Other: $47,296

    • Timothy Verreault (Coo)
  • Compensation: $271,139
  • Related: $0
  • Other: $37,623

    • Kathleen Archambault (Cfo)
  • Compensation: $261,168
  • Related: $0
  • Other: $27,036

    • 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

    • Nathan Davis (Vp Of It)
  • Compensation: $159,365
  • Related: $0
  • Other: $37,732

    • Cathy Lestage (Svp Of Hr)
  • Compensation: $166,175
  • Related: $0
  • Other: $30,156

    • 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

    • Sandra Lipsey (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachel Green (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Natale (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Dorr (Treasurer) [Trustee/Director]
  • 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


  • Official website here: www.evergreencreditunion.org

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Evergreen Credit Union's impact is significant in providing 24,727 members with savings and loan services in Portland, ME. Members have access to a wide variety of low-cost, high-quality services, contributing to their financial well-being and stability. This institution plays a crucial role in supporting the community by offering essential financial services that help individuals and families achieve their economic goals.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    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
  • 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

    If you are a representative of Evergreen Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.