2021-11-15T13:45:57-06:00 2020-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2020-01-01 010216328 EVERGREEN CREDIT UNION EVER 2072215000 225 RIVERSIDE STREET PORTLAND ME 04104 KATE ARCHAMBAULT CFO 2072215000 2021-08-03 1 KATE ARCHAMBAULT 999009999 MARK AYERS P00289581 2077745701 2021-08-03 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATE ARCHAMBAULT 225 RIVERSIDE STREET PORTLAND ME 04104 16514366 0 X WWW.EVERGREENCREDITUNION.ORG X 1951 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 9 9 117 9 57947 0 0 0 12614892 13030216 1029116 798837 2480000 2685313 16124008 16514366 0 0 1051488 1305059 7031030 7932002 0 0 0 5811793 6262336 13894311 15499397 2229697 1014969 315745025 401835756 287011407 372087169 28733618 29748587 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 THE CREDIT UNION HAS 25,412 MEMBERS AS OF 12/31/2020. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3743 0 1 117 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X KATE ARCHAMBAULT 2072215000 225 RIVERSIDE STREET PORTLAND ME 04104 HEATHER VALLEY DIRECTOR 1.00 X 0 0 0 ROBERT DORR TREASURER 1.00 X X 0 0 0 RACHEL GREEN SECRETARY 1.00 X X 0 0 0 JIM WILSON DIRECTOR 1.00 X 0 0 0 ERIC KING VICE CHAIR 1.00 X 0 0 0 SANDRA LIPSEY CHAIR 1.00 X X 0 0 0 SHANNON MERRILL DIRECTOR 1.00 X 0 0 0 RUTH WALSH DIRECTOR 1.00 X 0 0 0 JULIE NATALE DIRECTOR 1.00 X 0 0 0 JASON LINDSTROM CEO 40.00 X 306008 0 46894 KATHLEEN ARCHAMBAULT CFO 40.00 X 240918 0 25872 TIMOTHY VERREAULT COO 40.00 X 247418 0 44587 DENIS KNOW VP LENDING 40.00 X 152232 0 37924 JERE SHAW VP CML LENDING 40.00 X 157961 0 28763 NATHAN DAVIS VP OF IT 40.00 X 124073 0 26283 MICHAEL DOREY VP DEPOSIT OPS 40.00 X 123001 0 15595 CATHY LESTAGE VP HR 40.00 X 148448 0 27610 HOWARD LOWELL VP MARKETING 40.00 X 143318 0 13787 RICHARD FOLSE VP OF BRANCH ADMINISTRATION 40.00 X 130794 0 18490 1774171 0 285805 12 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 CORE DATA PROCESSOR 404790 CONSTRUCTION ADMIN PROFESSIONALS 21 SCHUSTER RD CUMBERLAND ME 04021 REMODELING MANAGEMENT 262207 PORTLAND SAFE PO BOX 1540 GRAY ME 04039 ATM EQUIPMENT SALES AND SERVICE 232949 ST CLARIE MEDIA GROUP 12 WILDWOOD BLVD CUMBERLAND FORESIDE ME 04110 ADVERTISING AGENCY 197733 SYSTEMS ENGINEERING 120 EXCHANGE ST PORTLAND ME 04101 IT MANAGED SERVICES 152519 8 LOAN INCOME FROM MEMBERS 522291 11773737 11773737 FEE INCOME 522291 1256479 1256479 13030216 771837 771837 27000 0 27000 27000 27000 ATM INTERCHANGE INCOME 522100 2514391 2473944 40447 OTHER INCOME 522100 170922 153422 17500 2685313 16514366 15657582 57947 798837 X 1305059 1288577 4943611 252813 995813 451188 42756 33000 2124791 606561 1040255 527498 72119 21137 687514 99405 PROVISION FOR LOAN LOSS 504000 LOAN SERVICING 357657 OTHER EXPENSES 79494 EDUCATION & TRAINING 33789 32360 15499397 1409760 2067899 18760056 61939127 200258 3581500 6394029 236194188 254657528 538343 657511 12892926 4214206 8754403 8678720 40608631 62383781 5898144 4856903 315745025 401835756 666396 3151486 3285500 3399725 283059511 365535958 287011407 372087169 X 0 0 0 0 28733618 29748587 28733618 29748587 315745025 401835756 1014969 0 X 0 1 X 1 0 1705026 1705026 8915168 3171161 5744007 358893 65434 293459 1913839 977611 936228 8678720 CERTIFICATES OF DEPOSIT 36558000 C MORTGAGE-BACKED SECURITIES 12698195 C NCUSIF DEPOSIT 3227586 C TRICORP F C U CAPITAL DEPOSIT 400000 C AGENCY SECURITIES 9500000 C 62383781 MEMBERS' SHARES AND SAVINGS ACCOUNTS 365535958 365535958 X X X 0 0 0 JASON LINDSTROM CEO 272567 0 33441 0 0 0 19950 0 26944 0 352902 0 0 0 TIMOTHY VERREAULT COO 238343 0 9075 0 0 0 17319 0 27268 0 292005 0 0 0 KATHLEEN ARCHAMBAULT CFO 231843 0 9075 0 0 0 16864 0 9008 0 266790 0 0 0 DENIS KNOW VP LENDING 143751 0 8481 0 0 0 10656 0 27268 0 190156 0 0 0 JERE SHAW VP CML LENDING 141634 0 16327 0 0 0 11057 0 17706 0 186724 0 0 0 CATHY LESTAGE VP HR 140006 0 8442 0 0 0 8715 0 18895 0 176058 0 0 0 HOWARD LOWELL VP MARKETING 134912 0 8406 0 0 0 5206 0 8581 0 157105 0 0 0 NATHAN DAVIS VP OF IT 115592 0 8481 0 0 0 8583 0 17700 0 150356 0 0 0 JASON LINDSTROM CEO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 2550029 2550029 0 1 1 KATHLEEN ARCHAMBAULT CFO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 1200000 1200000 0 1 1 TIMOTHY VERREAULT COO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 2644000 2644000 0 1 1 6394029 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MEMBERSHIP IS OBTAINED BY ANYONE MAKING THE MINIMUM REQUIREMENT DEPOSIT IN THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - BOARD OF DIRECTORS IS COMPRISED OF MEMBERS ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - CERTAIN ACTIONS OF THE BOARD REQUIRE A VOTE BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B A FORMAL REVIEW BY THE ENTIRE GOVERNING BODY WAS NOT DEEMED NECESSARY. A FORMAL REVIEW BY THE CEO AND CFO IS PERFORMED. FORM 990, PART VI, SECTION B, LINE 12C IN SIGNING THE CONFLICT OF INTEREST POLICY, OFFICERS AGREE TO DISCLOSE ANY RELATED ITEMS. THE ORGANIZATION IS SMALL AND THEREFORE SENIOR MANAGEMENT IS AWARE OF ALL CONTRACTS WITH THIRD PARTIES. THEREFORE, ANY CONFLICT WOULD BE EASILY IDENTIFIED AND AVOIDED. IF THE BOARD MEMBER WANTED TO PURSUE A BUSINESS RELATIONSHIP THEY WOULD BE REQUIRED TO RESIGN FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 CEO IS REVIEWED BY COMPENSATION COMMITTEE OF THE BOARD. GOALS ARE SET FOR EACH YEAR AT THE BEGINNING OF THE YEAR. CEO IS MEASURED BASED ON GOALS AND COMPENSATION RANGE IS BASED ON THIRD PARTY VENDOR RANGES FOR LIKE SIZE" INSTITUTIONS. OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THEIR SUPERVISOR BASED ON ESTABLISHED CREDIT UNION REVIEW PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND POLICIES OF THE ORGANIZATION ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY MONTHLY. FORM 990, PART IX, LINE 11G ATM EXPENSES 988,790. DATA PROCESSING FEES 517,722. PROFESSIONAL SERVICES - OTHER 417,997. VISA EXPENSES 83,536. BREEZE CASH BACK REWARDS 116,746.