Nonprofit · EIN 01-0216328
EVERGREEN CREDIT UNION
Tax-exempt · PORTLAND, ME 04104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $33,224,947 | $30,169,750 | $3,055,197 | $569,177,748 | $527,130,931 | $42,046,817 |
| December 31, 2023 | 990 | $28,417,310 | $24,172,387 | $4,244,923 | $538,657,901 | $499,666,281 | $38,991,620 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,361,487
- Investment income
- $2,165,837
- Other revenue
- $4,697,623
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $8,297,515
- Compensation of officers, directors and key employees
- $1,509,124
- Other salaries and wages
- $8,179,406
- Salaries, compensation and benefits (total)
- $12,417,494
- Professional fundraising fees
- $0
- Legal fees
- $25,082
- Accounting fees
- $102,000
- Occupancy
- $1,396,583
- Travel
- $110,266
- Depreciation
- $804,396
Balance sheet and other
- Total assets, start of year
- $538,657,901
- Total assets, end of year
- $569,177,748
- Total liabilities, end of year
- $527,130,931
- Net assets, end of year
- $42,046,817
- Land, buildings and equipment
- $12,783,937
- Gross unrelated business income
- $129,345
- Gross receipts
- $33,224,947
- Employees
- 140
- Volunteers
- 12
- Year formed
- 1951
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON LINDSTROM | CEO Officer | 40 | $412,837 | $118,847 |
| TIMOTHY VERREAULT | COO Key employee | 40 | $316,287 | $58,828 |
| KATHLEEN ARCHAMBAULT | CFO Officer | 40 | $310,569 | $47,890 |
| JERE SHAW | VP CML LENDING Key employee | 40 | $207,090 | $36,776 |
| CATHY LESTAGE | SVP OF HR Highest-paid employee | 40 | $204,966 | $38,592 |
| DENIS KNOX | VP LENDING Highest-paid employee | 40 | $178,912 | $46,992 |
| NATHAN DAVIS | VP OF IT Highest-paid employee | 40 | $173,104 | $46,432 |
| JULIE LITTELL | VP OF COMMERCIAL LENDING Highest-paid employee | 40 | $149,253 | $24,652 |
| MICHAEL DOREY | VP OF DEPOSIT OPERATIONS Highest-paid employee | 40 | $154,339 | $19,082 |
| RACHEL GREEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT DORR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERIC KING | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICK TRACHIMOWICZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS DOE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL FOSTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM HETTENBACH | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| JIM WILSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON LINDSTROM | CEO Officer | 40 | $409,596 | $23,246 |
| KATHLEEN ARCHAMBAULT | CFO Officer | 40 | $285,532 | $40,726 |
| TIMOTHY VERREAULT | COO Key employee | 40 | $290,310 | $29,382 |
| RICHARD FOLSE | VP OF BRANCH ADMIN THRU 10/23 Highest-paid employee | 40 | $198,733 | $25,512 |
| JERE SHAW | VP CML LENDING Key employee | 40 | $198,046 | $23,234 |
| CATHY LESTAGE | SVP OF HR Highest-paid employee | 40 | $193,396 | $26,074 |
| DENIS KNOX | VP LENDING Highest-paid employee | 40 | $169,968 | $28,940 |
| NATHAN DAVIS | VP OF IT Highest-paid employee | 40 | $165,244 | $28,454 |
| MICHAEL DOREY | VP OF DEPOSIT OPERATIONS Highest-paid employee | 40 | $144,932 | $12,357 |
| SANDRA LIPSEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RACHEL GREEN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIE NATALE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT DORR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS DOE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUTH WALSH | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1038, PORTLAND, ME 04104-1038
- In care of
- % TUCKER COLE
- Principal officer (990 for 2024)
- KATE ARCHAMBAULT, 225 RIVERSIDE STREET, PORTLAND, ME 04104
- Signed the 990
- KATE ARCHAMBAULT, CFO
- Phone
- (207) 221-5000
- Website
- WWW.EVERGREENCREDITUNION.ORG
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.
Program accomplishments
- THE CREDIT UNION HAS 31,016 MEMBERS AS OF 12/31/2024. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0216328
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $569,177,748
- Income (IRS master file)
- $33,224,947
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $33,224,947 | $30,169,750 | $569,177,748 | IRS |
| 990 | December 2023 | $28,417,310 | $24,172,387 | $538,657,901 | XML |
| 990 | December 2022 | $21,853,203 | $18,528,989 | $495,681,435 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0216328).
Questions about EVERGREEN CREDIT UNION
- What is the EIN of EVERGREEN CREDIT UNION?
- The employer identification number (EIN) of EVERGREEN CREDIT UNION is 01-0216328.
- Is EVERGREEN CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to EVERGREEN CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EVERGREEN CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EVERGREEN CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EVERGREEN CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EVERGREEN CREDIT UNION?
- The 990 for the year ended December 31, 2024 names KATE ARCHAMBAULT.
- Who are the officers and directors of EVERGREEN CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 18 people; 9 received compensation from the organization, the highest $412,837 (JASON LINDSTROM, CEO).
- How much revenue does EVERGREEN CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $33,224,947, expenses of $30,169,750 and total assets of $569,177,748 at year end.
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