Greenwood Credit Union
Headquarters
2700 Post Rd
Warwick, RI 02886
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Reviewed by OrionMan | November 19, 2022
Ratio of loans vs deposits appears Greenwood is overlevereged when compared to similar credit unions in the USA.
2024 Overview
General Credit Union Information
Greenwood is an NCUA insured institution located in Warwick, RI. It was founded in 1948 and has approximately $890.14 millions in assets.
Who can join?
Anyone can join by opening a Share Account with a minimum of a $5.00 balance.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 66594 |
| Date Established | 1948 |
| Assets | $890.14 million |
| Loans | $785.95 million |
| Deposits | $788.68 million |
| Capital | $77.15 million |
Field of Membership Restrictions
Membership in Greenwood Credit Union is open to anyone through making the minimum deposit for the share savings account.
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.35% | $25 | - |
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|
|
Money Market
|
0.65% | $2,500 | $49,999 |
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|
|
Money Market
|
0.75% | $50,000 | $149,999 |
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|
|
Money Market
|
0.85% | $150,000 | $249,999 |
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|
|
Money Market
|
1.25% | $250,000 | - |
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|
|
Premium Money Market Account
|
4.00% | $50,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Month
|
0.50% | $1,000 | - |
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|
| 6 Mo CD
|
4.25% | $1,000 | - |
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|
| 9 Mo CD
|
4.00% | $1,000 | - |
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|
| 12 Mo CD
|
3.75% | $1,000 | - |
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|
| 18 Mo CD
|
3.50% | $1,000 | - |
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|
| 24 Mo CD
|
3.50% | $1,000 | - |
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|
| 36 Mo CD
|
3.50% | $1,000 | - |
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|
| 48 Mo CD
|
3.50% | $1,000 | - |
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|
| 60 Mo CD
|
3.50% | $1,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.25% | $1,000 | - | Learn More |
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Greenwood
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Greenwood
To upload and update your bank's rates please register.
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Branches
Below are Greenwood branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Greenwood Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 623.95 | A | View Lobby Hours |
Climate Policy and Initiatives
GREENWOOD is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Greenwood Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Greenwood. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Greenwood | U.S. Average |
|---|---|
| 9.50% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Greenwood had $7,621,398 in non-current loans and $73,040 in owned assets. To cover these potential losses it had $77,151,763 in net worth and $3,802,154 in loans loss reserves. That gives it a Texas Ratio of 9.50%.
Net Worth
| Greenwood | U.S. Average |
|---|---|
| 8.85% | 13.93% |
Greenwood FCU has a net worth of 8.85% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Greenwood
OrionMan
November 19, 2022
Ratio of loans vs deposits appears Greenwood is overlevereged when compared to similar credit unions in the USA.
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