Greenwood Municipal Federal Credit Union
Overview / Commentary
Greenwood Municipal Federal Credit Union is headquartered in Greenwood and is the 26th largest credit union in the state of South Carolina. It is also the 2,179th largest credit union in the nation. It was established in 1974 and as of March of 2025, it had grown to 18 employees and 7,135 members at 2 locations. Greenwood Municipal Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Greenwood Municipal Federal Credit Union is open to those who live, worship, work (or regularly conduct business in), or attend school in, and businesses and other legal entities located in the South Carolina counties of Abbeville, Greenwood, Laurens, McCormick, Newberry, or Saluda.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional 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. Greenwood Municipal Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 21628 |
| Year Chartered | 1974 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.55% |
| Return on Equity - YTD | 15.98% |
| Annual Interest Income | $827K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $67.6MM$66.8MM |
| Loans | Q1 2025vs Q1 2024 | $36.2MM$35MM |
| Deposits | Q1 2025vs Q1 2024 | $59.4MM$59.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.5MM$5.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $342K$244K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $31K$88K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |