Overview / Commentary
Greater Springfield Credit Union is headquartered in Springfield and is the 40th largest credit union in the state of Massachusetts. It is also the 1,119th largest credit union in the nation. It was established in 1927 and as of September of 2022, it had grown to 23 employees and 11,051 members at 2 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 | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 8.23% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $247.9MM$249.9MM |
| Loans | Q3 2022vs Q3 2021 | $103.4MM$99.1MM |
| Deposits | Q3 2022vs Q3 2021 | $218.8MM$216.7MM |
| Equity Capital | Q3 2022vs Q3 2021 | $27.9MM$32.4MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $817.00K$745.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $12.00K$21.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |