Greensboro Municipal Federal Credit Union

Overview / Commentary
217 N Greene St
Greensboro, NC 27401

Greensboro Municipal Federal Credit Union is headquartered in Greensboro and is the 34th largest credit union in the state of North Carolina. It is also the 2,216th largest credit union in the nation. It was established in 1937 and as of December of 2019, it had grown to 16 employees and 6,172 members at 3 locations. Greensboro Municipal Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees and retirees of the City of Greensboro, North Carolina, and their families and to employees of the credit union's Select Employee Groups.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Greensboro Municipal Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #24840
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.33%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$56.5MM$54.0MM
LoansQ4 2019vs Q4 2018$41.8MM$41.9MM
DepositsQ4 2019vs Q4 2018$48.9MM$46.8MM
Equity CapitalQ4 2019vs Q4 2018$6.9MM$6.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$576.00K$493.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$926.00K$818.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0

Rates for Greensboro Municipal Federal Credit Union are currently being reviewed.


Greensboro Municipal Federal Credit Union Locations
Branch Office2200 Soabar StGreensboro, NC 27406
Branch Office217 N Greene StGreensboro, NC 27401
Branch Office2511 Phillips AveGreensboro, NC 27405

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