Sep, 30, 2025 — GREATER SPRINGFIELD CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MA with 2 branch locations and about $230.18 million in total assets. Opened 99 years ago in 1927, GREATER SPRINGFIELD CREDIT UNION has about 11,077 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREATER SPRINGFIELD CREDIT UNION |
|---|---|
| Address: (Main Office) | 1030 Wilbraham Rd SPRINGFIELD, MA 01109 |
| Phone: | (413) 782-3161 |
| Fax: | (413) 783-0142 |
| Website: | https://www.grscu.org |
| Branches: | 2 branch locations |
| Members: | 11,077 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67902 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1927 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $230,181,370 |
| CEO/Manager: | Jennifer St.Peter |
| Chairperson: | David A Wells |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,494,917 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 95,596,518 |
| Unsecured Loans | 2,740,968 |
| Other Loans | 11,984,576 |
| TOTAL LOANS | 110,322,062 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -822,158 |
| Land And Building | 1,265,831 |
| Other Fixed Assets | 76,727 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,683,313 |
| All Other Assets | 0 |
| TOTAL ASSETS | 230,181,370 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 64,082 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,859,573 |
| Regular shares | 88,049,410 |
| All Other Shares & Deposits | 80,918,886 |
| TOTAL SHARES & DEPOSITS | 190,827,869 |
| TOTAL LIABILITIES | 190,899,879 |
| Regular Reserve | 0 |
| Other Reserves | -1,079,218 |
| Undivided Earnings | 40,360,709 |
| TOTAL EQUITY | 39,281,491 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 230,181,370 |
| INCOME & EXPENSE | |
| Loan Income | 4,015,555 |
| Investment Income | 2,549,348 |
| Other Income | 769,960 |
| Total Employee Compensation & Benefits | 1,863,762 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,963,537 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,691 |
| Cost of Funds | 2,070,707 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,054,755 |
| ↑ Back to Top | |