Evergreen Direct Credit Union Olympia, Washington
Evergreen Direct Credit Union is a state-chartered credit union headquartered in Olympia, WA, established in 1977 (NCUA charter 68546), and it is regulated and insured by the NCUA. At Q2 2026 it reported 4,778 members and total assets of $75.6M (down 3.1% from Q2 2025), the 51st largest of 73 credit unions headquartered in Washington. Its net worth ratio was 11.47% at Q2 2026, in the well capitalized band.
Also written as Evergreen Direct CU
BankRegReports is independent of Evergreen Direct Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 68546
- Headquarters
- Olympia, WA
- Established
- 1977
- Total assets, Q2 2026
- $75.6M
- Assets vs Q2 2025
- -3.1%
- Members, Q2 2026
- 4,778
- Net worth ratio, Q2 2026
- 11.47%
- Latest call report
- Q2 2026, NCUA 5300 · Evergreen Direct Credit Union call report
- Asset rank in state
- 51st of 73 in Washington
- Routing number
- 325181002
- Branches
- 2
It has 96 fewer members than on June 30, 2025 (-2.0%). Its net worth ratio was up 0.56 percentage points from 10.91% on June 30, 2025. Used vehicle loans are its largest loan category, $13.2M of $36.9M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.63% is below the 0.86% median of the 2,162 credit unions with under $100M in assets for Q2 2026. Its 11.47% net worth ratio is below that band's 14.31% median.
Credit unions similar in size in Washington
Frequently asked about Evergreen Direct Credit Union
How big is Evergreen Direct Credit Union?
At Q2 2026 it reported total assets of $75.6M and 4,778 members.
Where is Evergreen Direct Credit Union headquartered?
It is headquartered in Olympia, WA, United States.
When was Evergreen Direct Credit Union founded?
It was established in 1977, per NCUA records.
Is Evergreen Direct Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 68546): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Evergreen Direct Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Evergreen Direct Credit Union well capitalized?
Its net worth ratio was 11.47% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Evergreen Direct Credit Union's delinquency ratio?
Its delinquency ratio was 0.63% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Evergreen Direct Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 53.50% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Olympia, WA 98501
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1977
- NCUA Charter #
- 68546
- RSSD ID
- 653488
- Members
- 4,778
- Potential members
- 207,355
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 2,479 credit unions with under $100M in assets, as of Q2 2026. It is in the top quartile on 0 of 7 ranked measures and in the bottom quartile on 3.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 11.14% to 19.38% | 11.47% | 14.31% | 28th below |
| Return on assets Middle half of peers: 0.16% to 1.30% | -0.04% | 0.72% | 22nd bottom |
| Return on equity Middle half of peers: 1.04% to 8.69% | -0.34% | 4.74% | 21st bottom |
| Net interest margin Middle half of peers: 3.31% to 4.53% | 4.08% | 3.93% | 56th above |
| Efficiency ratio Middle half of peers: 68.03% to 91.60% | 94.63% | 79.83% | 22nd bottom |
| Cost of funds Middle half of peers: 0.37% to 1.23% | 0.74% | 0.78% | 53rd above |
| Delinquency ratio Middle half of peers: 0.35% to 1.93% | 0.63% | 0.86% | 61st above |
| Yield on assets Middle half of peers: 4.21% to 5.32% | 4.81% | 4.70% | 55th position only |
| Loan-to-share ratio Middle half of peers: 42.33% to 75.81% | 53.50% | 58.92% | 42nd position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$75.6M total assets against $78.0M; $68.9M total shares and deposits against $72.2M; $36.9M total loans against $38.5M.
$8.7M net worth against $8.5M.
11.47% net worth ratio against 10.91%.
53.50% loan-to-share ratio against 53.38%.
0.63% delinquency ratio against 0.77%.
-0.04% return on assets against 0.33%; -0.34% return on equity against 2.99%.
4.08% net interest margin against 3.88%.
4,778 members against 4,874.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 11.47% | -0.04% | 0.63% | 53.50% |
| March 31, 2026 | 11.19% | 0.10% | 0.34% | 52.64% |
| December 31, 2025 | 11.32% | 0.06% | 0.93% | 55.15% |
| September 30, 2025 | 10.81% | 0.68% | 0.76% | 52.24% |
| June 30, 2025 | 10.91% | 0.33% | 0.77% | 53.38% |
| March 31, 2025 | 10.52% | 0.14% | 0.91% | 52.84% |
Scroll sideways to see every column.
Watch flags
The credit union posted negative net income relative to assets in its latest filing. Credit unions build net worth only through retained earnings, so sustained losses gradually weaken capital. BankRegReports flag, negative earnings.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.