2022-11-14T13:50:17-06:00 2021-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2021-01-01 010216328 EVERGREEN CREDIT UNION EVER 2072215000 225 RIVERSIDE STREET PORTLAND ME 04104 KATE ARCHAMBAULT CFO 2072215000 2022-11-01 1 KATE ARCHAMBAULT 999009999 MARK AYERS P00289581 2077745701 2022-11-01 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KATE ARCHAMBAULT 225 RIVERSIDE STREET PORTLAND ME 04104 18374213 0 X WWW.EVERGREENCREDITUNION.ORG X 1951 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 9 9 106 9 83165 0 0 0 13030216 14001252 798837 942318 2685313 3430643 16514366 18374213 0 0 1305059 1121949 7932002 8993457 0 0 0 6262336 6581872 15499397 16697278 1014969 1676935 401835756 464620792 372087169 433195270 29748587 31425522 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 THE CREDIT UNION HAS 26,574 MEMBERS AS OF 12/31/2021. 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 3426 0 1 106 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 1 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 SANDRA LIPSEY CHAIR 1.00 X X 0 0 0 RACHEL GREEN VICE CHAIR 1.00 X X 0 0 0 JULIE NATALE SECRETARY 1.00 X X 0 0 0 ROBERT DORR TREASURER 1.00 X X 0 0 0 ERIC KING DIRECTOR 1.00 X 0 0 0 JIM WILSON DIRECTOR 1.00 X 0 0 0 FRANK POTE DIRECTOR 1.00 X 0 0 0 RUTH WALSH DIRECTOR 1.00 X 0 0 0 CHRIS DOE DIRECTOR 1.00 X 0 0 0 JASON LINDSTROM CEO 40.00 X 321220 0 57496 KATHLEEN ARCHAMBAULT CFO 40.00 X 246359 0 30651 TIMOTHY VERREAULT COO 40.00 X 246203 0 44835 JERE SHAW VP CML LENDING 40.00 X 168128 0 24039 DENIS KNOW VP LENDING 40.00 X 144305 0 32973 CATHY LESTAGE VP HR 40.00 X 147701 0 24535 NATHAN DAVIS VP OF IT 40.00 X 138462 0 18009 RICHARD FOLSE VP OF BRANCH ADMINISTRATIO 40.00 X 143844 0 17381 HOWARD LOWELL VP MARKETING 40.00 X 143758 0 9962 1699980 0 259881 12 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 CORE DATA PROCESSOR 1588906 BENCHMARK 34 THOMAS DRIVE WESTBROOK ME 04092 BUILDING CONTRACTOR-REMODEL WORK 1144974 PROPERTY VALUATION SERVICES PO BOX 342 FREEPORT ME 04078 LOAN APPRAISAL AND VALUATION SERVICES 214425 ST CLARIE MEDIA GROUP 12 WILDWOOD BLVD CUMBERLAND FORESIDE ME 04110 ADVERTISING AGENCY 198838 SYSTEMS ENGINEERING 120 EXCHANGE ST PORTLAND ME 04101 IT MANAGED SERVICES 160285 9 LOAN INCOME FROM MEMBERS 522291 12503266 12503266 FEE INCOME 522291 1497986 1497986 14001252 942318 942318 ATM INTERCHANGE INCOME 522100 3186596 3146031 40565 OTHER INCOME 522100 244047 201447 42600 3430643 18374213 17348730 83165 942318 X 1121949 1138931 5814090 301380 1245452 493604 26573 33600 2337403 594543 1276520 552308 32484 667673 105063 PROVISION FOR LOAN LOSS 400000 LOAN SERVICING 379684 OTHER EXPENSES 93104 EDUCATION & TRAINING 52598 30319 16697278 2067899 1670038 61939127 65758865 200258 108200 6394029 8216344 254657528 299900212 657511 1128688 15132079 4881879 8678720 10250200 62383781 74697470 4856903 2890775 401835756 464620792 3151486 798504 3399725 0 365535958 432396766 372087169 433195270 X 0 0 0 0 29748587 31425522 29748587 31425522 401835756 464620792 1676935 0 X 0 1 X 1 0 2458977 2458977 10219807 3449707 6770100 358893 117946 240947 2094402 1314226 780176 10250200 CERTIFICATES OF DEPOSIT 23134000 C MORTGAGE-BACKED SECURITIES 5761755 C NCUSIF DEPOSIT 3835920 C TRICORP F C U CAPITAL DEPOSIT 400000 C AGENCY SECURITIES 41565795 C 74697470 MEMBERS' SHARES AND SAVINGS ACCOUNTS 432396766 432396766 X X X 0 0 0 JASON LINDSTROM CEO 270982 0 50238 0 0 0 31550 0 25946 0 378716 0 0 0 TIMOTHY VERREAULT COO 235605 0 10598 0 0 0 22020 0 22815 0 291038 0 0 0 KATHLEEN ARCHAMBAULT CFO 235605 0 10754 0 0 0 21754 0 8897 0 277010 0 0 0 JERE SHAW VP CML LENDING 148878 0 19250 0 0 0 6805 0 17234 0 192167 0 0 0 DENIS KNOW VP LENDING 138555 0 5750 0 0 0 6092 0 26881 0 177278 0 0 0 CATHY LESTAGE VP HR 141951 0 5750 0 0 0 5849 0 18686 0 172236 0 0 0 RICHARD FOLSE VP OF BRANCH ADMINISTRATIO 126544 0 17300 0 0 0 5219 0 12162 0 161225 0 0 0 NATHAN DAVIS VP OF IT 132712 0 5750 0 0 0 3520 0 14489 0 156471 0 0 0 HOWARD LOWELL VP MARKETING 138008 0 5750 0 0 0 1294 0 8668 0 153720 0 0 0 JASON LINDSTROM CEO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 2550029 2598558 0 1 1 KATHLEEN ARCHAMBAULT CFO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 1200000 2939150 0 1 1 TIMOTHY VERREAULT COO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 2644000 2678636 0 1 1 8216344 FORM 990, PART VI, SECTION A, LINE 4 ORAGNIZATIONS BYLAWS WERE AMENDED TO INCLUDE VARIOUS UPDATES. 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 BREEZE CASH BACK REWARDS 152,546. ATM EXPENSES 1,153,922. VISA EXPENSES 62,807. PROFESSIONAL SERVICES - OTHER 415,157. DATA PROCESSING FEES 552,971.