2019-11-05T15:09:53-06:00 2018-12-31 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2018-01-01 010216328 EVERGREEN CREDIT UNION EVER 2072215000 225 RIVERSIDE STREET PORTLAND ME 04104 JASON LINDSTROM PRESIDENT & CEO 2072215000 2019-11-04 1 MARK AYERS P00289581 2077745701 2019-11-04 66.186.191.122 2019-11-04 14:43:17 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C141228CD127DEB37E2C9FAAEA56A95B16B9723E 2018 2020-04-17 16:48:07Z JASON LINDSTROM 225 RIVERSIDE STREET PORTLAND ME 04104 14290677 0 X WWW.EVERGREENCREDITUNION.ORG X 1951 ME PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 9 9 92 9 30484 -545 0 0 8553428 10749941 1316757 1173839 1816819 2312498 11687004 14236278 0 0 698840 691902 4704652 5976295 0 0 0 4669175 5170833 10072667 11839030 1614337 2397248 269528838 292386903 245422164 265882982 24106674 26503921 PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES. 0 0 THE CREDIT UNION HAS 23,114 MEMBERS AS OF 12/31/2018. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2823 0 1 92 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 CHRISTOPHER DOE CHAIR 1.00 X X 0 0 0 SANDRA LIPSEY VICE CHAIR 1.00 X X 0 0 0 ROBERT DODGE DIRECTOR 1.00 X 0 0 0 RACHEL GREEN SECRETARY 1.00 X X 0 0 0 JENNIFER BRETON TREASURER 1.00 X X 0 0 0 JIM WILSON DIRECTOR 1.00 X 0 0 0 JULIE LUNT-FARLEY ASSISTANT TREASURER 1.00 X 0 0 0 ERIC KING ASSISTANT SECRETARY 1.00 X 0 0 0 ROBERT DORR DIRECTOR 1.00 X 0 0 0 JASON LINDSTROM PRESIDENT & CEO 40.00 X 274316 0 38724 KATHLEEN ARCHAMBAULT CFO 40.00 X 197454 0 22183 TIMOTHY VERREAULT COO 40.00 X 211640 0 44641 JERE SHAW VP CML LENDING 40.00 X 129197 0 28991 DENIS KNOW VP LENDING 40.00 X 115882 0 14213 HOWARD LOWELL VP MARKETING 40.00 X 114616 0 10602 CATHY LESTAGE VP HR 40.00 X 113625 0 21944 1156730 0 181298 7 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 DATA/ATM PROCESSING 1326919 SYSTEMS ENGINEERING 120 EXCHANGE ST PORTLAND ME 04101 IT MANAGED SERVICES 178690 STRATEGIC INFO RESOURCES 59 BOBALA RD HOLYOKE MA 01040 LOAN UNDREWRITING PARTNER 174627 ST CLAIR MEDIA GROUP 12 WILDWOOD BLVD CUMBERLAND FORESIDE ME 04110 ADVERTISING AGENCY 162885 PEOPLES CHOICE CU PO BOX 876 BIDDEFORD ME 04005 CREDIT CARD PROVIDER 137693 6 LOAN INCOME FROM MEMBERS 522291 9220498 9220498 FEE INCOME 522291 1529443 1529443 10749941 1228238 1228238 54399 -54399 -54399 -54399 ATM INTERCHANGE INCOME 522100 1941932 1911448 30484 OTHER OPERATING INCOME 522100 209500 209500 MBR INSURANCES CR LIFE/AD&D 522100 161066 161066 2312498 14236278 13031955 30484 1173839 X 691902 788958 3841222 203515 815298 327302 32913 72000 1693332 469988 966681 441221 56472 20717 487287 111797 LOAN SERVICE EXPENSE 397275 PROVISION FOR LOAN LOSS 195000 MISC OPERATING EXPENSE 157237 EDUCATIONAL 42795 26118 11839030 751131 1478584 14683705 3083529 174184039 217003051 202573 363057 11634057 3137289 8469227 8496768 65763559 56180203 5474604 5781711 269528838 292386903 590272 706614 3000000 244831892 262176368 245422164 265882982 X 0 0 0 0 24106674 26503921 24106674 26503921 269528838 292386903 2397248 -1 0 X 0 1 X 1 0 1705026 1705026 8579572 2662345 5917227 1349459 474944 874515 8496768 CERTIFICATES OF DEPOSIT 39138000 C MORTGAGE-BACKED SECURITIES 4763305 C NCUSIF DEPOSIT 2528898 C TRICORP F C U CAPITAL DEPOSIT 400000 C AGENCY SECURITIES 9350000 C 56180203 MEMBERS' SHARES AND SAVINGS ACCOUNTS 262176368 262176368 X X X 0 0 0 JASON LINDSTROM PRESIDENT & CEO 233491 0 40825 0 0 0 12639 0 26085 0 313040 0 0 0 KATHLEEN ARCHAMBAULT CFO 186454 0 11000 0 0 0 12812 0 9371 0 219637 0 0 0 TIMOTHY VERREAULT COO 200640 0 11000 0 0 0 13762 0 30879 0 256281 0 0 0 JERE SHAW VP CML LENDING 116197 0 13000 0 0 0 8443 0 20548 0 158188 0 0 0 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 STUDENT LOAN FEES 7,619. ATM EXPENSES 943,096. DATA PROCESSING FEES 426,556. PROFESSIONAL & OUTSIDE SERVICES 253,729. VISA EXPENSES 62,332.