Overview / Commentary
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 538th largest credit union in the nation. It was established in 1948 and as of June of 2018, it had grown to 56 employees and 64,924 members at 1 location. Greenwood Credit Union's money market rates are 3X 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

3.00% APY 12-Month CD At Greenwood Credit Union - 11/6/2018

Greenwood Credit Union (easy membership) has added 160 bps to its 12-month CD (3.00% APY). Minimum deposit is $1k, with no stated balance cap.

Greenwood Credit Union Adds 30-Month CD - 8/27/2018

Greenwood Credit Union (easy membership) has added a 30-month CD that earns 3.25% APY. Minimum opening deposit is $1k, with no stated balance cap.

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.

You Can Apply Online And Don't Need To Go To Their Office.

Posted by: Greg56770 | Nov 7, 2018

I called Greenwood and was told the entire CD application process can be completed online. Not required to go to a Greenwood bank office. The CDs are open to everyone but you need to join their union by opening a savings acct for $5.00.

My issue - You can withdraw the monthly interest but only to a Greenwood saving acct. And then you have to request for a check to be sent to you. They will not do an ACH to your local bank acct.

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.

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.



Health Grade Components

NCUA #66594
Year Chartered1948
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD7.55%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$512.1MM$469.8MM
LoansQ2 2018vs Q2 2017$426.7MM$401.2MM
DepositsQ2 2018vs Q2 2017$432.1MM$400.2MM
Equity CapitalQ2 2018vs Q2 2017$44.9MM$42.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$948.00K$885.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.3MM$812.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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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

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

Greenwood Credit Union Money Market Rates

1.50%*$150k*-Money Market Savings
OTHER TIERS: 0.50% $2.5k - $50k | 1.00% $50k - $150k

Greenwood Credit Union Checking Account Rates

0.25%$1k-Interest Checking

Greenwood Credit Union CD Rates

3.75%$1k-60 Month CD
3.35%$1k-30 Month CD
3.15%$1k-24 Month CD
3.00%$1k-12 Month CD
2.50%$1k-15 Month CD
2.35%$1k-48 Month CD
2.25%$1k-36 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

3.75%$1k-60 Month IRA Certificate
3.35%$1k-30 Month IRA Certificate
3.15%$1k-24 Month IRA Certificate
3.00%$1k-12 Month IRA Certificate
2.50%$1k-15 Month IRA Certificate
2.35%$1k-48 Month IRA Certificate
2.25%$1k-36 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

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

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