Featured Savings Rates
Featured Accounts

Greenwood Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.80%2-year CD24 Month CD
2.80%2-year IRA24 Month IRA Certificate (Traditional, Roth, CESA, SEP)
2.50%18-month CD15 Month CD

Overview / Commentary
401-739-4600
2669 Post Rd
Warwick, RI 02886-3039

Greenwood Credit Union is headquartered in Warwick and is the 3rd largest credit union in the state of Rhode Island. It is also the 553rd largest credit union in the nation. It was established in 1948 and as of March of 2018, it had grown to 52 employees and 62,522 members at 1 location. Greenwood Credit Union's CD rates are 56% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Greenwood Credit Union is open to anyone (regardless of residency status) by opening and maintaining a Share Account, with a minimum of a $5.00 balance
See current membership details

Related Posts

Greenwood Credit Union Ups 15-Month CD APY - 5/1/2018

Greenwood CU (easy membership) has raised the rates on its 15-month CD (2.50% APY) and 24-month CD (2.80% APY). Minimum deposit is $1k. Also available as IRAs.

View all posts from:


Good Place, Nice People

Posted by: katkatkat | Jul 9, 2015

I'm a new customer as of about two months ago. Everyone was very pleasant and helpful. They have the highest interest rates on CDs in this area, at least at the present time.

Great IRA CD Rate

Posted by: petey | Apr 30, 2018

The two year IRA CD at 2.8% is a really good deal. Too bad you have to open it in their offices. This is NOT available nationwide unless you really like to travel.

If You Don't Have Your Beneficiary's SS Number, You Can't Add Them

Posted by: me1004 | May 16, 2018

All was a go, to join and open a CD -- until.

Then it turns out this is one of the very few banks or CUs out there that absolutely requires that you supply the Social Security number of other people, or someone you want to name as your beneficiary. I can't get that, a Social Security number is highly private, and it is not needed for the beneficiary, only for the account holder.

So, they lose my business.

Most places ask for it, but most of those do not actually require it, you can leave that blank. And in most places where you cannot leave it blank, I have found that a supervisor can get it done without the SS number, they can and are happy to get around it. But not at Greenwood, the supervisor won't even talk about it, so they are in the maybe 2%, certainly no more than 5%, of banks and CUs that require you to provide SS number of beneficiaries. (A beneficiary does not even have to have a SS number!)

A Bit Deceptive Membership Process

Posted by: syncomm1 | Apr 30, 2018

The signup process was easy enough and the first rep I spoke with (who answered quickly) was courteous and helpful.
The deception is this: their Field of Membership page does not clearly say that an office visit to RI is necessary.
When I go to the end of the application process (after answering all the credit check questions, and starting the funding process) and had a question, I phoned. The rep basically told me that I had to go into a branch to join or no dice. Then she sounded angry at me, as though I committed a breach, and then just hung up. No apology for having a vague policy ON THEIR OWN SITE or wasting my time.

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Health

Health Grade Components

Overall
NCUA #66594
Year Chartered1948
Employees52
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD8.89%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$496.8MM$463.1MM
LoansQ1 2018vs Q1 2017$413.5MM$387.1MM
DepositsQ1 2018vs Q1 2017$416.6MM$398.7MM
Equity CapitalQ1 2018vs Q1 2017$44.2MM$41.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$974.00K$950.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.1MM$1.2MM
Real Estate OwnedQ1 2018vs Q1 2017$0$59.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Greenwood Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Greenwood Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$25-Share 1 Savings
0.50%$100-Day-to-Day IRA
0.25%--Holiday Club
0.25%--Vacation Club
0.25%--Deposit Savings

Greenwood Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$150k*-Money Market Savings
OTHER TIERS: 0.25% $2,500 - $50k | 0.50% $50k - $150k

Greenwood Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-Interest Checking

Greenwood Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.80%$1k-24 Month CD
2.55%$1k-60 Month CD
2.50%$1k-15 Month CD
2.35%$1k-48 Month CD
2.25%$1k-36 Month CD
1.40%$1k-12 Month CD
0.90%$1k-18 Month CD
0.80%$1k-13 Month CD
0.50%$1k-3 Month CD
0.50%$1k-6 Month CD

Greenwood Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.80%$1k-24 Month IRA Certificate
2.55%$1k-60 Month IRA Certificate
2.50%$1k-15 Month IRA Certificate
2.35%$1k-48 Month IRA Certificate
2.25%$1k-36 Month IRA Certificate
1.40%$1k-12 Month IRA Certificate
0.90%$1k-18 Month IRA Certificate
0.80%$1k-13 Month IRA Certificate
0.50%$1k-3 Month IRA Certificate
0.50%$1k-6 Month IRA Certificate
Locations


Greenwood Credit Union Locations
Branch Office2669 Post RdWarwick, RI 02886-3039

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