Greenwood Credit Union

Greenwood Credit Union is headquartered in Warwick and is the 4^th largest credit union in the state of Rhode Island. It is also the 598^th largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to 55 employees and 57,044 members. Greenwood Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

Greenwood Credit Union Routing Number: 211590671

Related Posts

Greenwood Credit Union Checking Account Rates

Greenwood Credit Union Savings Account Rates

Greenwood Credit Union CD Rates

Greenwood Credit Union IRA Rates

Data for Q4 2011

Institution Statistics GREENWOOD NCUA # 66594 BankRate Report View Year Chartered 1948 Employees 55 Primary Regulator Assets and Liabilities Assets $327.74 million Loans $214.04 million Deposits $296.74 million Equity Capital $29.60 million Loan Loss Allowance $2.37 million Unbacked Noncurrent Loans $1.53 million Historic Data - December 2010 Assets $291.38 million Equity Capital $26.57 million Loan Loss Allowance $3.08 million Unbacked Noncurrent Loans $2.16 million Profit Margin - Quarterly Net Interest Margin 5.49% Return on Assets 0.92% Return on Equity 10.23% Interest Income $13.80 million Non-Interest Income $2.31 million

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 Greenwood Credit Union had $1.53 million in non-current loans and owned real-estate with $31.97 million in equity and loan loss allowances on hand to cover it. This gives Greenwood Credit Union a Texas Ratio of 4.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Greenwood Credit Union decreased slightly from 7.28% as of December 31, 2010 to 4.78% as of December 31, 2011, resulting in a positive change of 34.40%.This indicates that the balance sheet and financial strength for Greenwood Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Greenwood Credit Union has increased its total deposits by $33.6 million, resulting in 12.77% 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 Greenwood Credit Union has shown is excellent. Capitalization 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. Greenwood Credit Union has $327.74 million in assets with $31.97 million in equity, resulting in a capitalization level of 9.75%, which is average.

No reviews have been left for this bank yet. Be the first to review.