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Filing year 2024

GREENWOOD CREDIT UNION INC

Warwick, Rhode Island·EIN 05-0254228·501(c)(14)
Total revenue
$53.6M
Total assets
$865.5M
Total expenses
$48.7M
Reported officers
13
Mission

THE CREDIT UNION IS AN ASSOCIATION OWNED BY ITS MEMBER DEPOSITORS. INTEREST INCOME FROM LOANS AND INVESTMENTS ALLOW THE CREDIT UNION TO PROVIDE LOW COST FINANCIAL SERVICES TO ITS MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$793k
$856k
Base
$350k
Bonus
$76k
Other
$328k
Benefits
$22k
CFO
Above 90th percentile
$293k
$316k
Base
$202k
Bonus
$20k
Other
$60k
Benefits
Senior Vp/cl
Highest Compensated Employee
75th to 90th percentile
$272k
$293k
Base
$199k
Bonus
$37k
Other
Benefits
$23k
Svp/coo
Officer (Unspecified)
$263k
$284k
Base
$201k
Bonus
$27k
Other
Benefits
$23k
Svp, Human R
Senior Vice President
25th percentile to median
$178k
$192k
Base
$129k
Bonus
$19k
Other
Benefits
$22k
Director
Board Member
Median to 75th percentile
$44k
$48k
Chairperson/
Officer (Unspecified)
$29k
$31k
Board Secret
Board Secretary
75th to 90th percentile
$24k
$26k
Vice Chair/d
Officer (Unspecified)
$24k
$25k
Board Treasu
Officer (Unspecified)
$18k
$20k
Director
Board Member
Median to 75th percentile
$16k
$18k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$12k
$13k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 74%
from 2023

From $456k in 2023 to $793k in 2024.

$456k
2023
$793k
2024
In today's dollarsEst.
Up 68% in real terms$509k to $856k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 74% from 2023 to 2024, while revenue rose 23%.

$456k in 2023 to $793k in 2024.
  • Chief Financial Officer pay rose 34% from 2023 to 2024.
  • Senior Vice President pay rose 6% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GREENWOOD CREDIT UNION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$43.6M
$39.6M
2023
$53.6M
$48.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about GREENWOOD CREDIT UNION INC

What does the Chief Executive Officer of GREENWOOD CREDIT UNION INC earn?

In 2024, the Chief Executive Officer of GREENWOOD CREDIT UNION INC received $793,042 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GREENWOOD CREDIT UNION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at GREENWOOD CREDIT UNION INC falls in the top 10%.

What are GREENWOOD CREDIT UNION INC's revenue and expenses?

In 2024, GREENWOOD CREDIT UNION INC reported $53.6M in total revenue and $48.7M in total expenses on its IRS Form 990.

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