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Evergreen Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$21.9M (2022)

Expenses
$18.5M (2022)

Total Assets
$496M (2022)

Total Liabilities
$461M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,853,203
Expenses
$18,528,989
Net Income
$3,324,214
Net Assets
$34,749,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,298,081
74.6%
Investment Income $1,726,539
7.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,828,583
17.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,223,124
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $6,427,920
34.7%
Assets/Debt
Total Assets $495,681,435
Total Liabilities $460,931,699
Net Assets $34,749,736
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Lindstrom (Ceo) $369,650 $0 $47,296
Timothy Verreault (Coo) $271,139 $0 $37,623
Kathleen Archambault (Cfo) $261,168 $0 $27,036
Jere Shaw (Vp Cml Lending) $179,780 $0 $29,432
Denis Knox (Vp Lending) $167,923 $0 $38,426
Cathy Lestage (Svp Of Hr) $166,175 $0 $30,156
Nathan Davis (Vp Of It) $159,365 $0 $37,732
Howard Lowell (Vp Of Marketing) $154,332 $0 $14,543
Richard Folse (Vp Of Branch Administratio) $152,083 $0 $29,227
Sandra Lipsey (Chair) $0 $0 $0
Rachel Green (Vice Chair) $0 $0 $0
Julie Natale (Secretary) $0 $0 $0
Robert Dorr (Treasurer) $0 $0 $0
Eric King (Director) $0 $0 $0
Jim Wilson (Director) $0 $0 $0
Ruth Walsh (Director) $0 $0 $0
Chris Doe (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,374,213
Expenses
$16,697,278
Net Income
$1,676,935
Net Assets
$31,425,522
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,001,252
76.2%
Investment Income $942,318
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,430,643
18.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,138,931
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $5,814,090
34.8%
Assets/Debt
Total Assets $464,620,792
Total Liabilities $433,195,270
Net Assets $31,425,522
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Lindstrom (Ceo) $321,220 $0 $57,496
Kathleen Archambault (Cfo) $246,359 $0 $30,651
Timothy Verreault (Coo) $246,203 $0 $44,835
Jere Shaw (Vp Cml Lending) $168,128 $0 $24,039
Cathy Lestage (Vp Hr) $147,701 $0 $24,535
Denis Know (Vp Lending) $144,305 $0 $32,973
Richard Folse (Vp Of Branch Administratio) $143,844 $0 $17,381
Howard Lowell (Vp Marketing) $143,758 $0 $9,962
Nathan Davis (Vp Of It) $138,462 $0 $18,009
Sandra Lipsey (Chair) $0 $0 $0
Rachel Green (Vice Chair) $0 $0 $0
Julie Natale (Secretary) $0 $0 $0
Robert Dorr (Treasurer) $0 $0 $0
Eric King (Director) $0 $0 $0
Jim Wilson (Director) $0 $0 $0
Frank Pote (Director) $0 $0 $0
Ruth Walsh (Director) $0 $0 $0
Chris Doe (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,514,366
Expenses
$15,499,397
Net Income
$1,014,969
Net Assets
$29,748,587
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,030,216
78.9%
Investment Income $771,837
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $27,000
0.2%
Net Inventory Sales $0
Other Revenue $2,685,313
16.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,288,577
8.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,943,611
31.9%
Assets/Debt
Total Assets $401,835,756
Total Liabilities $372,087,169
Net Assets $29,748,587
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Lindstrom (Ceo) $306,008 $0 $46,894
Timothy Verreault (Coo) $247,418 $0 $44,587
Kathleen Archambault (Cfo) $240,918 $0 $25,872
Jere Shaw (Vp Cml Lending) $157,961 $0 $28,763
Denis Know (Vp Lending) $152,232 $0 $37,924
Cathy Lestage (Vp Hr) $148,448 $0 $27,610
Howard Lowell (Vp Marketing) $143,318 $0 $13,787
Richard Folse (Vp Of Branch Administration) $130,794 $0 $18,490
Nathan Davis (Vp Of It) $124,073 $0 $26,283
Michael Dorey (Vp Deposit Ops) $123,001 $0 $15,595
Heather Valley (Director) $0 $0 $0
Robert Dorr (Treasurer) $0 $0 $0
Rachel Green (Secretary) $0 $0 $0
Jim Wilson (Director) $0 $0 $0
Eric King (Vice Chair) $0 $0 $0
Sandra Lipsey (Chair) $0 $0 $0
Shannon Merrill (Director) $0 $0 $0
Ruth Walsh (Director) $0 $0 $0
Julie Natale (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,124,008
Expenses
$13,894,311
Net Income
$2,229,697
Net Assets
$28,733,618
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,614,892
78.2%
Investment Income $1,029,116
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,480,000
15.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $880,150
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,647,027
33.4%
Assets/Debt
Total Assets $315,745,025
Total Liabilities $287,011,407
Net Assets $28,733,618
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Lindstrom (Ceo) $313,423 $0 $47,440
Timothy Verreault (Coo) $226,890 $0 $48,360
Kathleen Archambault (Cfo) $218,630 $0 $25,407
Jere Shaw (Vp Cml Lending) $142,516 $0 $29,602
Denis Knox (Vp Lending) $140,096 $0 $41,737
Howard Lowell (Vp Marketing) $136,788 $0 $18,667
Cathy Lestage (Vp Hr) $132,160 $0 $26,061
Michael Dorey (Vp Deposit Ops) $111,533 $0 $15,658
Christopher Doe (Chair) $0 $0 $0
Sandra Lipsey (Vice Chair) $0 $0 $0
Robert Dodge (Treasurer) $0 $0 $0
Rachel Green (Secretary) $0 $0 $0
Jim Wilson (Director) $0 $0 $0
Eric King (Assistant Secretary) $0 $0 $0
Robert Dorr (Assistant Treasurer) $0 $0 $0
Rick Paraschak (Director) $0 $0 $0
Bryan Bozsik (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,236,278
Expenses
$11,839,030
Net Income
$2,397,248
Net Assets
$26,503,921
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,749,941
75.5%
Investment Income $1,228,238
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$54,399
Net Inventory Sales $0
Other Revenue $2,312,498
16.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $788,958
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,841,222
32.4%
Assets/Debt
Total Assets $292,386,903
Total Liabilities $265,882,982
Net Assets $26,503,921
Compensation
Key Employees and Officers Compensation Related Other
Jason Lindstrom (President & Ceo) $274,316 $0 $38,724
Timothy Verreault (Coo) $211,640 $0 $44,641
Kathleen Archambault (Cfo) $197,454 $0 $22,183
Jere Shaw (Vp Cml Lending) $129,197 $0 $28,991
Denis Know (Vp Lending) $115,882 $0 $14,213
Howard Lowell (Vp Marketing) $114,616 $0 $10,602
Cathy Lestage (Vp Hr) $113,625 $0 $21,944
Christopher Doe (Chair) $0 $0 $0
Sandra Lipsey (Vice Chair) $0 $0 $0
Robert Dodge (Director) $0 $0 $0
Rachel Green (Secretary) $0 $0 $0
Jennifer Breton (Treasurer) $0 $0 $0
Jim Wilson (Director) $0 $0 $0
Julie Lunt Farley (Assistant Treasurer) $0 $0 $0
Eric King (Assistant Secretary) $0 $0 $0
Robert Dorr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,687,004
Expenses
$10,072,667
Net Income
$1,614,337
Net Assets
$24,106,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,553,428
73.2%
Investment Income $1,316,757
11.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,816,819
15.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $720,694
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,961,350
29.4%
Assets/Debt
Total Assets $269,528,838
Total Liabilities $245,422,164
Net Assets $24,106,674
Compensation
Key Employees and Officers Compensation Related Other
Jason Lindstrom (President & Ceo) $225,000 $0 $31,191
Timothy Verreault (Svp & Coo) $214,055 $0 $45,863
Kathleen Archambault (Evp & Cfo) $182,443 $0 $22,142
Jere Shaw (Vp Cml Lending) $108,123 $0 $28,117
Cathy Lestage (Vp Hr) $102,392 $0 $17,471
Christopher Doe (Chairman) $0 $0 $0
Robert Dodge (Vice Chairman) $0 $0 $0
Sandra Lipsey (Director) $0 $0 $0
Rachel Green (Secretary) $0 $0 $0
Jennifer Breton (Treasurer) $0 $0 $0
John Holt Jr (Assistant Secretary) $0 $0 $0
Julie Lunt Farley (Assistant Treasurer) $0 $0 $0
Eric King (Director) $0 $0 $0
Robert Dorr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,605,505
Expenses
$8,894,324
Net Income
$1,711,181
Net Assets
$22,492,337
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,808,159
73.6%
Investment Income $1,118,611
10.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,678,735
15.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $441,855
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,292,906
25.8%
Assets/Debt
Total Assets $258,096,322
Total Liabilities $235,603,985
Net Assets $22,492,337
Compensation
Key Employees and Officers Compensation Related Other
Timothy Verreault (Svp & Coo) $181,577 $0 $34,875
Kathleen Archambault (Evp & Cfo) $171,769 $0 $15,521
H Tucker Cole (Past President & Ceo) $22,432 $0 $881
Jason Lindstrom (President & Ceo) $13,111 $0 $1,690
Christopher Doe (Chairman) $0 $0 $0
Robert Dodge (Vice Chairman) $0 $0 $0
Sandra Lipsey (Treasurer) $0 $0 $0
Rachel Green (Secretary) $0 $0 $0
Jennifer Breton (Assistant Treasurer) $0 $0 $0
John Holt Jr (Assistant Secretary) $0 $0 $0
Julie Lunt Farley (Director) $0 $0 $0
Brenner Allen (Director) $0 $0 $0
Robert Dorr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,019,877
Expenses
$8,734,943
Net Income
$1,284,934
Net Assets
$20,781,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,289,610
72.8%
Investment Income $1,111,765
11.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $25,767
0.3%
Net Inventory Sales $0
Other Revenue $1,592,735
15.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $563,081
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,068,967
23.7%
Assets/Debt
Total Assets $239,344,391
Total Liabilities $218,563,235
Net Assets $20,781,156
Compensation
Key Employees and Officers Compensation Related Other
H Tucker Cole (President & Ceo) $216,419 $0 $24,000
Kathleen Archambault (Evp & Cfo) $161,011 $0 $19,321
Timothy Verreault (Svp, Retail Banking) $139,539 $0 $2,791
Steven Bailey (Director) $0 $0 $0
Brian Conger (Asst Secretary) $0 $0 $0
Christopher Doe (Vice Chairman) $0 $0 $0
Daniel Mcgarvey (Director) $0 $0 $0
Robert Dodge (Treasurer) $0 $0 $0
John Holt (Secretary) $0 $0 $0
Woody Woodward (Director) $0 $0 $0
Ron Greco (Chairman) $0 $0 $0
Sandra Lipsey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,842,376
Expenses
$8,967,336
Net Income
$875,040
Net Assets
$19,496,222
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,309,661
74.3%
Investment Income $971,187
9.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,561,528
15.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $544,796
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,007,985
22.4%
Assets/Debt
Total Assets $227,662,070
Total Liabilities $208,165,848
Net Assets $19,496,222
Compensation
Key Employees and Officers Compensation Related Other
H Tucker Cole (President & Ceo) $216,485 $0 $23,000
Kathleen Archambault (Cfo & Svp Of Info. Tech.) $153,721 $0 $17,416
Timothy Verreault (Svp, Retail Banking) $131,543 $0 $2,631
Alex Stone (Director) $0 $0 $0
Brian Conger (Asst Secretary) $0 $0 $0
Christopher Doe (Treasurer) $0 $0 $0
Daniel Mcgarvey (Chairman) $0 $0 $0
Douglas Wilson (Director) $0 $0 $0
John Morneault (Asst. Treasurer) $0 $0 $0
Kellie Harris (Secretary) $0 $0 $0
Ron Greco (Vice Chairman) $0 $0 $0
Sandra Lipsey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,244,571
Expenses
$9,242,258
Net Income
$1,002,313
Net Assets
$18,621,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,707,928
75.2%
Investment Income $1,020,623
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,516,020
14.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $477,007
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,029,145
22.0%
Assets/Debt
Total Assets $220,406,548
Total Liabilities $201,785,366
Net Assets $18,621,182
Compensation
Key Employees and Officers Compensation Related Other
H Tucker Cole (President & Ceo) $200,256 $0 $17,500
Kathleen Archambault (Cfo & Svp Of Info. Tech.) $138,149 $0 $11,484
Timothy Verreault (Svp, Retail Banking) $123,865 $0 $2,477
Christopher Doe (Treasurer) $0 $0 $0
Kellie Harris (Secretary) $0 $0 $0
Brian Conger (Asst Secretary) $0 $0 $0
Ron Greco (Vice Chairman) $0 $0 $0
Daniel Mcgarvey (Chairman) $0 $0 $0
John Morneault (Asst. Treasurer) $0 $0 $0
Douglas Wilson (Director) $0 $0 $0
Alex Stone (Director) $0 $0 $0
Sandra Lipsey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,388,307
Expenses
$9,782,681
Net Income
$605,626
Net Assets
$17,618,869
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,968,253
76.7%
Investment Income $1,009,710
9.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,768
0.1%
Net Inventory Sales $0
Other Revenue $1,397,576
13.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $477,007
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,972,357
20.2%
Assets/Debt
Total Assets $214,654,282
Total Liabilities $197,035,413
Net Assets $17,618,869

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,006,760
Expenses
$10,046,298
Net Income
$960,462
Net Assets
$17,013,243
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,828,137
80.2%
Investment Income $916,349
8.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,262,274
11.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $465,901
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,902,464
18.9%
Assets/Debt
Total Assets $207,020,000
Total Liabilities $190,006,757
Net Assets $17,013,243

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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