Sep, 30, 2025 — GREENWOOD MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in GREENWOOD, SC with 2 branch locations and about $66.58 million in total assets. Opened 52 years ago in 1974, GREENWOOD MUNICIPAL FEDERAL CREDIT UNION has about 7,196 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREENWOOD MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 617 Durst Ave E GREENWOOD, SC 29649-2713 |
| Phone: | (864) 229-6177 |
| Fax: | (864) 942-7062 |
| Website: | https://www.gm-fcu.org |
| Branches: | 2 branch locations |
| Members: | 7,196 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21628 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,576,773 |
| CEO/Manager: | Philip Heinlen |
| Chairperson: | Melissa Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,039,251 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,787,683 |
| Unsecured Loans | 6,461,455 |
| Other Loans | 24,561,090 |
| TOTAL LOANS | 36,810,228 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -289,744 |
| Land And Building | 1,644,559 |
| Other Fixed Assets | 245,224 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 592,340 |
| All Other Assets | 12,550 |
| TOTAL ASSETS | 66,576,773 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32,077 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,436,479 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,204,023 |
| Regular shares | 32,379,753 |
| All Other Shares & Deposits | 16,610,802 |
| TOTAL SHARES & DEPOSITS | 58,194,578 |
| TOTAL LIABILITIES | 59,663,134 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,913,639 |
| TOTAL EQUITY | 6,913,639 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,576,773 |
| INCOME & EXPENSE | |
| Loan Income | 2,003,894 |
| Investment Income | 558,323 |
| Other Income | 378,267 |
| Total Employee Compensation & Benefits | 967,922 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,378,701 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,827 |
| Cost of Funds | 441,403 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 691,172 |
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