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Greenwood Municipal Credit Union
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Greenwood Municipal Credit Union Share
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Overview Share
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Greenwood Municipal Credit Union is a federal credit union based in Greenwood, South Carolina. It has been opened since 1974, for 48 years.

With around $41,940,000 in assets, Greenwood Municipal Credit Union is considered to be an average size credit union. It has 2 branches and 2 ATM locations.

About Share
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Address 617 Durst Avenue E.
Greenwood, South Carolina 29649
Website http://www.gm-fcu.org
Phone (864) 229-6177
Fax (864) 942-7062
CEO Vickie C. Hastings
President of the Board Dan Wideman
Services Offered
Score Card Share
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48 years
Years in business
Opened in 1974
Well Capitalized
Net worth classification
Source: NCUA
6,314 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
371:1
Credit union member to staff ratio
371 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$41,938,175
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 4 in South Carolina
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
12.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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2 branches
Compared with an average of 4 nationally and 4 in South Carolina
Above average number of branches
Greenwood Municipal Credit Union Branch Locations
Members Share
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6,314 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 6,314 members, the Greenwood Municipal Credit Union is considered to be a large credit union. It is larger than 62% of credit unions.

Fees Share
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$40
Average fee per member
The average fee per member at the Greenwood Municipal Credit Union is $40, which is comparable to most credit unions. This rate is lower than 57% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Greenwood Municipal Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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371:1
Credit union member to staff ratio
371 per each FTE employee
Compared to 411:1 nationally
Average number of staff
17 staff members
FTE (full-time equivalent)
11% of employees are part-time
16 full-time, 2 part-time

Greenwood Municipal Credit Union has 16 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 89% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Greenwood Municipal Credit Union has around 371 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$41,938,175
Total assets
Average size
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
14.4%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$5,672
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 87% of credit unions.

Greenwood Municipal Credit Union holds a total of $20,340,000 in loans and leases, which is about $5,672 per member on average.

Savings interest rate Share
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Greenwood Municipal Credit Union pays 0.15%.

Loan rates Share
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12.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
18.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
10.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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2.99%
New car loan rate
Compared to 4.0% nationally
3.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.00%
Other real estate loan rates
Compared to 0.9% nationally

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Greenwood Municipal Credit Union
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Greenwood Municipal Credit Union: 617 Durst Avenue E. Greenwood, S.C. 29649-2713
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Greenwood Municipal Credit Union: 1632 Main Street S. Greenwood, S.C. 29646-4123
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