4 star ratingAverage User Rating:
4 star rating based on 1 review.

Greenville Credit Union

Greenville Credit Union Locations
1501 Wade Hampton Blvd
Greenville, SC 29609
800.223.6361
www.greenvillefcu.com

Greenville Credit Union is headquartered in GREENVILLE and is the 14st largest credit union in the state of South Carolina. It is also the 1,150th largest credit union in the nation. It was established in 1968 and as of December of 2011, it had grown to 39 employees and 21,739 members. Greenville Credit Union has a 5-star health rating.



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See Rates for: Checking | Savings | CD | IRA

Greenville Credit Union Checking Account Rates

ApyMinMaxProduct
0.50%$75k-Yield-Plus Checking Account
0.10%--Regular Share Checking Account

Greenville Credit Union Savings Account Rates

ApyMinMaxProduct
0.50%$75k-Yield-Plus Savings Account
0.50%--Floating IRA
0.50%--Floating Roth IRA
0.50%--Floating Coverdell ESA
0.15%$2k-Regular Share Savings Account
0.10%--Club Account

Greenville Credit Union CD Rates

ApyMinMaxProduct
1.76%$500-60 Month Share Term Certificate
1.51%$500-48 Month Share Term Certificate
1.26%$500-36 Month Share Term Certificate
1.10%$500-30 Month Step-Up Share Term Certificate Special
1.00%$500-24 Month Share Term Certificate
0.75%$500-18 Month Share Term Certificate
0.65%$500-12 Month Share Term Certificate
0.55%$500-6 Month Share Term Certificate
0.35%$500-91 Day Share Term Certificate

Greenville Credit Union IRA Rates

ApyMinMaxProduct
1.76%$500-60 Month IRA Certificate
1.76%$500-60 Month Roth IRA Certificate
1.76%$500-60 Month Coverdell ESA Certificate
1.51%$500-48 Month IRA Certificate
1.51%$500-48 Month Roth IRA Certificate
1.51%$500-48 Month Coverdell ESA Certificate
1.26%$500-36 Month IRA Certificate
1.26%$500-36 Month Roth IRA Certificate
1.26%$500-36 Month Coverdell ESA Certificate
1.10%$500-30 Month Step-Up IRA Certificate Special
1.10%$500-30 Month Step-Up Roth IRA Certificate Special
1.10%$500-30 Month Step-Up Coverdell ESA Certificate Special
1.00%$500-24 Month IRA Certificate
1.00%$500-24 Month Roth IRA Certificate
1.00%$500-24 Month Coverdell ESA Certificate
0.75%$500-18 Month IRA Certificate
0.75%$500-18 Month Roth IRA Certificate
0.75%$500-18 Month Coverdell ESA Certificate
0.65%$500-12 Month IRA Certificate
0.65%$500-12 Month Roth IRA Certificate
0.65%$500-12 Month Coverdell ESA Certificate
0.55%$500-6 Month IRA Certificate
0.55%$500-6 Month Roth IRA Certificate
0.55%$500-6 Month Coverdell ESA Certificate

Rates updated: 5/25/2012

Data for Q4 2011


Institution Statistics


GREENVILLE
NCUA #19116
BankRate ReportView
Year Chartered1968
Employees39
Primary Regulator

Assets and Liabilities

Assets$135.22 million
Loans$92.06 million
Deposits$122.14 million
Equity Capital$12.58 million
Loan Loss Allowance$482,000
Unbacked Noncurrent Loans$421,000

Historic Data - December 2010

Assets$129.95 million
Equity Capital$11.31 million
Loan Loss Allowance$424,000
Unbacked Noncurrent Loans$603,000
Real Estate Owned$272,000

Profit Margin - Quarterly

Net Interest Margin4.56%
Return on Assets0.95%
Return on Equity10.16%
Interest Income$5.27 million
Non-Interest Income$2.79 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Greenville Credit Union had $421,000 in non-current loans and owned real-estate with $13.07 million in equity and loan loss allowances on hand to cover it. This gives Greenville Credit Union a Texas Ratio of 3.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Greenville Credit Union decreased significantly from 7.46% as of December 31, 2010 to 3.22% as of December 31, 2011, resulting in a positive change of 56.81%.This indicates that the balance sheet and financial strength for Greenville Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, Greenville Credit Union has increased its total deposits by $4.11 million, resulting in 3.48% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Greenville Credit Union has shown is above average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Greenville Credit Union has $135.22 million in assets with $13.07 million in equity, resulting in a capitalization level of 9.66%, which is average.
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Good Bank With A Few Silly Policies
4 stars - soapsushi - Friday, April 15, 2011 - 1:31 AM

Overall, I enjoyed my banking experience with Greenville Federal Credit Union. There was no fee checking, my deposits were credited immediately (with some exceptions, details to follow), and they cleared checks in order of smallest to largest (saving members any extra overdraft fees--at the time I banked there, this was unusual for banks to do). My only complaint was that when I wanted to deposit personal checks the credit union would hold them. Not necessarily unusual, but they would hold them for 10 business days in some cases. Seriously? In this day and age of electronic clearing of checks I thought this was excessive, especially when we had had the account for several YEARS. So, on the whole, a good experience. Just a few silly policies, but not enough to make us leave the Credit Union.

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