Jun, 30, 2024 — GREENWOOD CREDIT UNION is a federally insured state chartered credit union headquartered in WARWICK, RI with 1 branch location and about $765.39 million in total assets. Opened 77 years ago in 1948, GREENWOOD CREDIT UNION has about 85,631 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: | 85,631 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $765,389,074 |
| CEO/Manager: | Frederick Reinhardt |
| Chairperson: | Thomas Ahern |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,060,667 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 168,583,898 |
| Unsecured Loans | 12,941,183 |
| Other Loans | 487,539,096 |
| TOTAL LOANS | 669,256,340 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,577,297 |
| Land And Building | 12,652,254 |
| Other Fixed Assets | 1,216,288 |
| NCUSIF Deposit | 5,477,941 |
| All Other Assets | 93,632 |
| TOTAL ASSETS | 765,389,074 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 64,985,676 |
| Accounts Payable & Other Liabilities | 4,683,367 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 71,912,715 |
| Regular shares | 138,035,150 |
| All Other Shares & Deposits | 416,658,724 |
| TOTAL SHARES & DEPOSITS | 626,606,589 |
| TOTAL LIABILITIES | 696,275,632 |
| Regular Reserve | 0 |
| Other Reserves | 1,447,932 |
| Undivided Earnings | 67,665,510 |
| TOTAL EQUITY | 69,113,442 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 765,389,074 |
| INCOME & EXPENSE | |
| Loan Income | 20,856,159 |
| Investment Income | 310,126 |
| Other Income | 2,997,732 |
| Total Employee Compensation & Benefits | 5,860,433 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,901,868 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,008,500 |
| Cost of Funds | 4,960,823 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,620,674 |
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