Sep, 30, 2025 — GREENWOOD CREDIT UNION is a federally insured state chartered credit union headquartered in WARWICK, RI with 1 branch location and about $894.73 million in total assets. Opened 78 years ago in 1948, GREENWOOD CREDIT UNION has about 60,212 members and employs 80 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 2700 Post Rd WARWICK, RI 02886-3003 |
| Phone: | (401) 739-4600 |
| Fax: | |
| Website: | https://www.greenwoodcu.org |
| Branches: | 1 branch locations |
| Members: | 60,212 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66594 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $894,725,695 |
| CEO/Manager: | Frederick Reinhardt |
| Chairperson: | Karen Grande |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,892,447 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 257,625,221 |
| Unsecured Loans | 7,022,952 |
| Other Loans | 530,009,141 |
| TOTAL LOANS | 794,924,475 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,182,313 |
| Land And Building | 12,727,697 |
| Other Fixed Assets | 730,519 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,884,260 |
| All Other Assets | 100,298 |
| TOTAL ASSETS | 894,725,695 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,443 |
| Notes & Interest Payable | 7,331,779 |
| Accounts Payable & Other Liabilities | 3,829,379 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 66,129,058 |
| Regular shares | 125,328,827 |
| All Other Shares & Deposits | 607,552,009 |
| TOTAL SHARES & DEPOSITS | 799,009,894 |
| TOTAL LIABILITIES | 810,172,495 |
| Regular Reserve | 0 |
| Other Reserves | 1,447,928 |
| Undivided Earnings | 83,105,272 |
| TOTAL EQUITY | 84,553,200 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 894,725,695 |
| INCOME & EXPENSE | |
| Loan Income | 36,759,549 |
| Investment Income | 791,202 |
| Other Income | 2,727,430 |
| Total Employee Compensation & Benefits | 7,451,495 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,588,495 |
| Non-operating Income & (Expense) | 582,772 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,006,393 |
| Cost of Funds | 18,640,846 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,278,901 |
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