Overview / Commentary
Greater Springfield Credit Union is headquartered in Springfield and is the 41st largest credit union in the state of Massachusetts. It is also the 1,171st largest credit union in the nation. It was established in 1927 and as of September of 2024, it had grown to 27 employees and 10,907 members at 3 locations. Greater Springfield Credit Union has an A health rating.
Field of Membership Restrictions
Greater Springfield Credit Union is open to those who live, work, worship, or attend school in Hampshire or Hampden Counties in Massachusetts. Family members of membership-eligible individuals also qualify.
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67902 |
| Year Chartered | 1927 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.13% |
| Return on Equity - YTD | 7.31% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $234.2MM$233.9MM |
| Loans | Q3 2024vs Q3 2023 | $109MM$108MM |
| Deposits | Q3 2024vs Q3 2023 | $197.6MM$200MM |
| Equity Capital | Q3 2024vs Q3 2023 | $36.1MM$29.6MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $794K$869K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $763K$562K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |