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Greenwood Municipal Federal Credit Union


Overview / Commentary
www.gm-fcu.org
864-229-6177
617 Durst Ave E
Greenwood, SC 29649

Greenwood Municipal Federal Credit Union is headquartered in Greenwood and is the 33rd largest credit union in the state of South Carolina. It is also the 2,412th largest credit union in the nation. It was established in 1974 and as of March of 2021, it had grown to 16 employees and 6,461 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 1) employees of Greenwood County, 2) educators in Greenwood County, 3) over 50 different local businesses.
See current membership details

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Health
B+

Data as of Q1 2021

Learn why bank health matters
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. Greenwood Municipal Federal Credit Union has a relatively low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #21628
Year Chartered1974
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD-2.02%
Return on Equity - YTD-17.89%
Annual Interest Income$381.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$54.8MM$44.2MM
LoansQ1 2021vs Q1 2020$22.3MM$20.6MM
DepositsQ1 2021vs Q1 2020$48.5MM$37.6MM
Equity CapitalQ1 2021vs Q1 2020$5.9MM$6.2MM
Loan Loss AllowanceQ1 2021vs Q1 2020$99.00K$65.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$72.00K$93.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Greenwood Municipal Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$20kKasasa Saver
OTHER TIERS: 0.37% → $20k+
0.10%--Christmas Club
0.05%--Share Savings Account

Greenwood Municipal Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Money Market Investment Account

Greenwood Municipal Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kKasasa Cash
OTHER TIERS: 0.50% → $10k+

Greenwood Municipal Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$20k*-4 Year Share Certificate
OTHER TIERS: 0.25% → Up to $20k
0.25%*$20k*-3 Year Share Certificate
OTHER TIERS: 0.22% → Up to $20k
0.20%*$20k*-2 Year Share Certificate
OTHER TIERS: 0.18% → Up to $20k
0.15%*$20k*-18 Month Share Certificate
OTHER TIERS: 0.12% → Up to $20k
0.10%--1 Year Share Certificate
0.10%$500-1 Year Youth Share Certificate
0.05%--6 Month Share Certificate
Locations


Greenwood Municipal Federal Credit Union Locations
Branch Office617 Durst Ave EGreenwood, SC 29649-2713
Branch Office1632 Main St SGreenwood, SC 29646-4123

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