401-739-4600
866-739-9121
Savings Products
Share Savings

For Current Rates Click here
For current rates click here
A GCU Share 1 Savings Account is required to be a member, this account offers many features:
  • Minimum balance to open is $5
  • Minimum balance to earn interest is $25
  • Free ATM card
  • Free online banking
  • Free telephone banking
  • Free use of GCU coin machine
  • Direct Deposit available
  • Free automatic transfers to pay GCU loans and mortgages
  • Quarterly statements by mail or electronically
  • No quarterly maintenance fees
Open an Account online Click here
Open an Account click here
For important account information click here
For our current fee schedule click here

 

 

 

 

 

Back to Top
Club Account

For Current Rates Click here
For current rates click here
Savings for any purpose begins here. Holiday and vacation club accounts are still a tradition for many families. It’s an easy, convenient way to set aside money for something special. These clubs have the following features:

  • Minimum balance to open is $5
  • Interest paid at current rate quarterly
  • Free online banking
  • Free telephone banking
  • Direct deposit available
  • No quarterly maintenance fees
  • Quarterly statements by mail or electronically
Open an Account online Click here
Open an Account click here
For important account information click here
For our current fee schedule click here

 

 

 

 

 

Back to Top
Certificates of Deposit

For Current Rates Click here
For current rates click here
Certificates of Deposit (CD) are ideal for you if you have a longer-term savings goal.  GCU has a full line of CDs, with a variety of terms and competitive rates.  GCU offers CDs for terms from three (3) months to five (5) years.  Here are some of the features:

  • Minimum balance to open is $1,000
  • Interest on CD’s is compounded daily and credited monthly
  • Additional deposits are not allowed during the term of the CD
  • Penalty of six (6) months interest for early withdrawals on amount withdrawn
  • CD’s will automatically renew at maturity, you have seven (7) calendar days to withdraw funds from the account without penalty or make additional deposits
  • Rates are locked for the period of time chosen and at maturity will be rolled over for the same term at the current interest rate
  • Open an Account online Click here
    Open an Account click here
    Quarterly statements by mail or electronically

 

For important account information click here
For our current fee schedule click here        

 

 


Back to Top
Individual Retirement Account

GCU offers a variety of Individual Retirement Account (IRA) products to save for retirement including Traditional, Roth and Simplified Employee Pension Plan (SEP) IRA’s and also Coverdell Education IRA’s to save for a child’s education. We offer IRA savings accounts and IRA CD’s from three (3) months to five (5) years.  To open or add to an existing IRA please contact our member service department at 401-739-4600 or e-mail at info@greenwoodcu.org.

Back to Top
Traditional IRA
  • For Current Rates Click here
    For current rates click here
    Contribution limit up to $5,500 (if you are over age 50 then $6,500)
  • Contributions cannot be made for more than your earned income for the year
  • Contributions can be made until age 70 ½ or when you stop working whichever comes first (if you have a spouse still working and are under age 70 ½ contributions can still
    be made in your name)
  • No penalty withdrawals may begin at age 59 ½ and are required at age 70 ½
  • Tax deductible contributions (if you qualify)

For a quick comparison to ROTH IRA click here

For important account information click here
For our current fee schedule click here

Back to Top
Roth IRA
  • For Current Rates Click here
    For current rates click here
    Contribution limit up to $5,500 (if you are over age 50 then $6,500)
  • Contributions cannot be made for more than your earned income for the year
  • No required age to start taking distributions
  • You can continue to contribute after age 70 ½ as long as you have income
  • Taxes are paid on the funds deposited now instead of later

For a quick comparison to Traditional IRA click here

For important account information click here
For our current fee schedule click here


Back to Top
Coverdell Education IRA
  • For Current Rates Click here
    For current rates click here
    Maximum yearly contribution is $2,000
  • Contribution can only be made until the beneficiary reaches the age of 18, although there are special circumstances which allow contributions after the age of 18
  • Distributions for qualified educational expenses are tax free

For important account information click here
For our current fee schedule click here

 




Back to Top
SEP IRA
  • For Current Rates Click here
    For current rates click here
    To qualify you must be either a sole proprietor, business owner, in a partnership or earn self-employment income
  • Contributions can be made until age 70 ½ or when you stop working whichever comes first
  • No penalty withdrawals may begin at age 59 ½ and are required at age 70 ½
  • Tax deductible contributions (if you qualify)
  • Contributions can be made by the employer for between 0% - 25% with a maximum of $52,000 for 2014

For important account information click here
For our current fee schedule click here

Traditional vs. ROTH IRA comparison
Effective Date 01/01/2014

 

Traditional

ROTH

Contribution limits if under age 50

$5,500

$5,500

Contribution limits if over age 50 and over

$6,500

$6,500

Contributions tax deductibility

Contributions may be
tax deductible

Contributions are not tax deductible

Distributions requirements

Withdrawals required
at age 70 1/2

No mandatory distributions

Contribution age limits

No contribution after age 70 1/2

No age limit

For more information on Traditional and ROTH IRA’s please view IRS publication 590.

Back to Top
ATM Card

GCU banking goes wherever you go. Your ATM card provides quick and easy access to your GCU accounts from any ATM.   To apply for an ATM card please contact our Member Service Department at 401-739-4600 or e-mail at info@greenwoodcu.org.

Click here for a complete list of our extensive statewide free network of ATM locations.

Back to Top

 

Checking Products

GCU offers a variety of checking accounts including Absolutely Free Checking, Traditional Checking, and Interest Checking.
Absolutely Free Checking

This is a promotional product and may not always be available. With Absolutely Free Checking you get:

  • Open an Account online Click here
    Open an Account click here
    No monthly service charge
  • No minimum balance requirement
  • No charge for each check deposited
  • No charge for use of the coin machine
  • Free online banking with bill payment
  • Free telephone banking
  • First box of checks free
  • Free VISA debit card (for more information click here)
  • Monthly statements by mail or electronically
  • Free automatic transfers to pay GCU loans and mortgages
  • Free automatic payments of loans and mortgages at other institutions

For important account information click here
For our current fee schedule click here

Back to Top
Traditional Checking
For Current Rates Click here
For current rates click here

With Traditional Checking you get:

  • No service charge if you maintain the minimum balance of $400.  If your balance falls below $400 at any time during the month, you pay a service charge of $5 for that month
  • No service charge if direct deposit is setup
  • No minimum balance requirement
  • No charge for each check deposited
  • No charge for use of coin machine
  • Free online banking with bill payment
  • Free telephone banking
  • First box of checks free
  • Open an Account online Click here
    Open an Account click here
    Free VISA debit card (for more information click here)
  • Monthly statements by mail or electronically
  • Free automatic transfers to pay GCU loans and mortgages
  • Free automatic payments of loans and mortgages at other institutions if any

For important account information click here
For our current fee schedule click here

 

 


Back to Top
Interest Checking

With Interest Checking you get:

  • For Current Rates Click here
    For current rates click here
    No service charge if you maintain the minimum balance of $1,000.  If the balance in the account is at least $1,000 for every day of the month, then the account imposes no service charge for that month. If the balance in the account is less than $1,000 for any given day during the month, a service charge of $7 will be imposed
  • Current interest rate on your balances $1,000 and over
  • Interest is credited at the end of every month. However, the account does not pay interest on any day in which the balance in the account is less than $1,000
  • No minimum balance requirement
  • No charge for each check deposited
  • No charge for use of the coin machine
  • Free online banking with bill payment
  • Free telephone banking
  • First box of checks free
  • Free VISA debit card (for more information click here)
  • Monthly statements by mail or electronically
  • Free automatic transfers to pay GCU loans and mortgages
  • Free automatic payments of loans and mortgages at other institutions

For important account information click here
For our current fee schedule click here

 

 

Back to Top
VISA Debit Card

GCU banking goes wherever you go. GCU offers VISA debit cards for checking accounts which allow you quick access to your funds though an ATM machine and replaces the need to write checks when purchasing products or services at any merchant who accepts VISA. To apply for a VISA debit card please contact our Member Service Department at 401-739-4600 or e-mail at info@greenwoodcu.org.

Click here for a complete list of our extensive statewide free network of ATM locations.

For additional information about the Verified by VISA DEBIT CARD program, click here

To login to the Verified by VISA DEBIT CARD program, click here

Back to Top

 

Loan Products
Auto/Motorcycle Loans
Open an Account online Click here
Open an Account click here

For Current Rates Click here
For current rates click here

Take the hassle out of your next auto or motorcycle purchase. Whether you’re buying a new or used auto or motorcycle we can get you on the road fast.  If you've financed your vehicle with another lender, you may be able to save by refinancing with us. 

To apply for a loan, please contact our loan department at 401-739-4600 option 5 or e-mail us at loandepartment@greenwoodcu.org.

 

 

 

 

 

 

 

 

 

Back to Top
Vehicle Warranties

Greenwood Credit Union offers warranties on new and used autos. There are three different warranty programs. Vehicles with up to 125,001 miles and newer then 11 years old can purchase a warranty.

For additional information and pricing please contact our retail lending department at 401-562-2756.

Level One Vehicles newer than 11 years and mileage from 125,000 - 150,000 includes engine, transmission and drive axle. Specifications will be provided with quotation.
Level Two Vehicles newer than 11 years and mileage from 100,001 - 150,000 includes everything in Level One plus brakes, air conditioning, steering, suspension, fuel and electrical. Specifications will be provided with quotation.
Level Three Vehicles newer than 11 years and mileage less than 100,000 miles - Components covered for Level Two along with all other parts on the vehicle subject to contract exclusions - Specifications will be provided with quotation.


Back to Top
VISA Loans - VISA Credit Cards
Open an Account online Click here
Open an Account click here

GCU VISA offers low rates, no annual fee, no balance transfer fee, and hassle-free service. GCU has been offering credit cards with an interest rate as low as 9.9%.  To apply for a credit card, please contact our loan department at 401-739-4600 option 5, e-mail at loandepartment@greenwoodcu.org, or simply click the link to the right.

To print a copy of a VISA application click here. After the application is complete please mail to 2669 Post Road, Warwick RI, 02886.



Back to Top
VISA Gift Cards

The GCU Visa Gift Card – a perfect gift for anyone on your list no matter what the occasion – birthday, wedding, anniversary, holiday or graduation! The versatility of the GCU Visa Gift Card allows you to make purchases nearly anywhere VISA are accepted. So why waste time trying to figure out their favorite restaurant or store? With a GCU VISA Gift Card, the possibilities are endless.

Back to Top

 

VISA Reloadable Cards

The GCU reloadable card is perfect for your college student living away from home.

Back to Top

 

Personal Loans - Personal Unsecured Loan
For Current Rates Click here
For current rates click here

With GCU’s personal unsecured loan you can borrow up to $10,000 for debt consolidation, automobile repair or whatever planned or unplanned event that may come your way.

To apply for a personal unsecured loan, please contact our loan department at 401-739-4600 or e-mail at loandepartment@greenwoodcu.org.

 

 

 

 

 

Back to Top
Personal Line of Credit

For Current Rates Click here
For current rates click here
A personal line of credit can be used as overdraft protection on your checking account or as a quick and easy way to access funds.  GCU offers a personal overdraft line of credit to checking account members.  This overdraft line of credit is a great way to be prepared for the unexpected expense.  This loan account offers the following features:
  • With this overdraft protection if you overdraw your checking account GCU will transfer the amount of the overdraft from this line of credit to your checking account for a low fee of $1.00 per transfer instead of being charged the current overdraft fee
  • This line of credit has no annual fee and does not need to have a balance maintained
  • Interest is only charged when there is a balance on the account

 

To apply for a loan, please contact our loan department at 401-739-4600 option 5
or e-mail us at loandepartment@greenwoodcu.org.

 

Back to Top
Secured Loans - Secured Share Account or Certificate of Deposit

For Current Rates Click here
For current rates click here
Secured Loans are 100% secured by share savings accounts or certificate of deposit (CD). The interest rate is typically lower because the loan is secured. Also, you continue to earn interest on your savings or CD pledged as collateral.

To apply for a loan, please contact our loan department at 401-739-4600 option 5
or e-mail at loandepartment@greenwoodcu.org.

 

 

 

Back to Top
Home Equity Loans/Lines

For Current Rates Click here
For current rates click here

Open an Account online Click here
Open an Account click here

Perhaps you need funds for education, home repairs, or other important purposes. You can access the cash you need quickly - and the interest may be tax-deductible. We offer low fixed interest rates, flexible terms.
  • Home Equity Loan
    A home equity loan allows you to take out a specific amount of money for a term of up to fifteen (15) years with a fixed interest rate.  Plus the interest may be tax-deductible.
  • High-Loan-To-Value (HLTV) Equity Loans
    GGU’s HLTV equity loans allow you to borrow up to 100% of the value of your home with fixed rates, fixed payments and low costs. The maximum loan amount is $35,000. 
  • Home Equity Line of Credit
    New 1.75% APR* introductory fixed rate for the first 12 month billing cycle. Enjoy fast, easy access to your money and comfortable affordable monthly payments. See your tax advisor for possible tax benefits.
    • No Fees of Closing Costs
    • Easy to Apply Online
    • No Annual Maintenance Fee
    • Monthly Payments as low as $25/month or 1.5% of outstanding balance (whichever is greater)
    Thereafter, remaining term will automatically convert to a variable rate of interest as low as prime minus 0.50%.
Advertised introductory “Annual Percentage Rate (APR) of 1.75% is the lowest available and is fixed for the first 12 months. Offer based on individuals credit worthiness and subject to loan to value (LTV) of 80%. After the initial 12 month billing cycles, the rate automatically reverts to a variable rate of interest as low as Prime minus 0.50% as published in the Wall Street Journal 30 days before the date of any rate adjustment. As of 3/1/2013, Prime Rate was 3.25%. Offer limited to 1-4 family owner-occupied primary residence properties only. Property insurance (and flood insurance, if applicable) are required. Offer and rate is subject to change at any time without notice. Other terms and restrictions may apply. APR will not exceed 18% with a minimum rate of 2.75%. Minimum payment is 1.5% of unpaid balance or $25; whichever is greater. If Real Estate Line of Credit is paid in full and closed within twelve (12) months from the opening date, a prepayment penalty may apply. RI: up to but not to exceed 2% of the balance due at time of payoff; MA: remaining balance of first year’s interest of amount equal to last 3 months’ interest; whichever is less. Existing GCU Real Estate Lines of Equity lines/loans are not eligible for refinance with this promotion. Other rates and terms are available. Inquire for full details.

To apply for a loan, please contact our loan department at 401-562-2756,
e-mail at loandepartment@greenwoodcu.org, or simply click the link to the right.

Together, we’ll help you evaluate your best option.

 

 

 

Back to Top
Student Loans

GCU is proud of its affiliation with Rhode Island Student Loan Authority (RISLA), which provides safe, low cost education loans.  It’s a great resource to help you bridge the gap between college financial aid and the cost of a college education.

State-Based College Loans, or the RISLA Student Loans for the 2014/2015 Academic Year are available through the Rhode Island Student Loan Authority

Two options are available:

Immediate Repayment Option:

Deferred Repayment Option:

  • Low fixed rates
  • Zero origination fees
  • Cosigner release program
  • Rewards for nurses & interns
  • 0.25% rate reduction for automatic electronic payments
  • Payments deferred until student graduates or leaves school
  • Low fixed rates
  • 0.25% rate reduction for automatic electronic payments
  • Zero origination fees if you take online RISLA financial literary course
  • Rewards for nurses & interns
  • Cosigner release program
For the Immediate Repayment Option: Click here For the Deferred Repayment Option: Click here

2014/2015 Rates and Fees

  RISLA Student Loan Immediate Repayment RISLA Student Loan Deferred Repayment
Borrower Student and Cosigner Student and Cosigner
Interest Rate (1) 4.99% 6.74%
Fixed or Variable Fixed Fixed
APR (2) 4.99% 6.49% - 6.86%
Origination Fees None 0% or 4%
Standard Repayment Term 120 months 180 months
Est. Monthly Repayment per $10k Borrowed $108 $115 with 0% fee
$119 with 4% fee
Repayment Start 15 days after final disbursement 6 months after student leaves school (3)
  1. Rates are for loans first disbursed on or after July 1, 2014. Each repayment option is subject to funds availability. Funds will be awarded on a first-come, first-served basis. lnterest begins accruing after each loan disbursement. The rates and terms disclosed above are available while funds last. New funds may be subject to different rates and/or terms.
  2. The Annual Percentage Rate (APR) reflects the accruing interest, the effect of capitalized interest, the origination fee, and making equal payments over the term of the loan. ALL EXAMPLES: Equal disbursements of $5000 in September and January. Minimum monthly payment is $50.00. IMMEDlATE REPAYMENT RISLA STUDENT LOAN: Loan enters repayment 15 days after the final disbursement at which time outstanding interest is capitalized and a 120 month repayment term begins. DEFERRED REPAYMENT RISLA STUDENT LOAN OPTION: A 4% origination fee (If applicable) is added at the time the loan proceeds are disbursed. Fifty-four (54) months pass (48 month in-school and 6 months grace) at which time accrued interest is capitalized and a 180 month repayment term begins.
  3. Repayment begins six (6) months after the student leaves school not to exceed 54 months for undergraduates or 42 months for graduates students.

To apply, simply click on either of the links or call the GCU Loan Department at 401-562-2756.

Back to Top
Mortgage Loans

Limited Time Offer! Special Mortgage Rates!

GCU is offering special low rates for 10-20 year mortgages.Call Joe Schiavulli at 401-562-2729.

Program Specifications:

  • LTV must be 80% or lower with all borrowers having a credit score of 700 or better.
  • Maximum loan amount cannot exceed $417,000.
  • Property insurance and flood insurance (if applicable) are required.
  • 1-2 family owner occupied properties only and cannot be combined with any other special offer.
  • Refinancing GCU loan must reduce remaining term by at least 5 years.
  • Rates are subject to change without notice.

New purchase or refinance
Whether you’re looking for your very first home mortgage, second home, investment property or to refinance your home, our experienced lending team is here to help you find the best mortgage for your needs and your budget…with low rates and closing costs, and a variety of mortgage plans.  To apply, please contact GCU’s mortgage specialist at 401-562-2729.

Greenwood Credit Union has a wide variety of mortgage programs at low, competitive rates. We offer:

Conventional

  • Fixed -where the rate or payment will not change over the life of the loan
  • Adjustable rates - which typically have lower rates than fixed rate mortgages, and allow borrowers to qualify for a larger loan with lower initial payments
  • High loan to value
  • Less than perfect credit programs
  • Free mortgage pre-qualification

Home Affordable Refinance Programs

Greenwood Credit Union is leading the way in refinancing with the newly enhanced and expanded provisions of the Home Affordable Refinance Program (HARP).   If you have previously been unable to refinance because of declining home values, you may now be eligible to get a new more affordable mortgage.  This program may help you qualify for today's low mortgage rates and GCU is here to help you.  Call GCU's mortgage specialist at 401-562-2729.

If you have an existing GCU mortgage and are having financial difficulty please click here for information that may be able to help.

Back to Top
HEAT Loans

GCU is one of only four participating statewide lenders for the National Grid’s HEAT Loan Program. The HEAT Loan Program offers: 0% INTEREST FINANCING to qualified homeowners for certain energy efficiency improvements.

YOU MAY QUALIFY IF:

  • You own a 1-4 Family House with Gas and/or Electric Account with National Grid
  • You complete an EnergyWise Home Energy Assessment
  • Receive a HEAT Loan Authorization Form
Eligible Customer 1-4 Unit Property Type Loan Amount Loan Term
Owner Occupied Micro Loan $500-$2,000 24 Months
Owner Occupied 1-4 Unit Standard Loan $2,001-$25,000 Up to 84 Months
Non-Owner Occupied 1-4 Unit Rental Property Loan $5,000-$25,000 Up to 84 Months

Call today to schedule your Home Energy Assessment at 1-888-633-7947 or visit : www.nationalgridus.com/energywiseri

 

Back to Top

 

Indirect Auto Dealer Services

For over 15 years GCU has been one of the leading indirect sources for dealers in Rhode Island, Massachusetts and Connecticut.  GCU prides itself in featuring competitive rates and quality service for our dealers. If you are interested in becoming part of the GCU Indirect Lending program please email us at greenwoodauto@greenwoodcu.org.

Click here for Indirect Dealer Info.

Back to Top

 

Member Resources

Loan Payments

How can I pay my loan from another financial institution? The following options are available for pay your Greenwood Credit Union loan:

  • Pay GCU loan (available through our web site – there is no change for processing your payment)*
  • By calling 1-866-905-6328 (there is no charge for processing your payment)*
  • By contacting our payment processing department at 401-562-2755 (there is a $7.50 charge for processing your payment)*
  • Automatic deduction – contact us for the proper paperwork
  • Online Bill Payment from your other financial institution
  • USPS

*Payments take approximately 24 to 48 business hours to post to your loan account.

Savings Bonds Info

GCU can redeem series “EE” and “E” savings bonds at the teller line.  Savings bonds can no longer be purchased at any financial institution but can be ordered online at http://www.treasurydirect.gov/.

To calculate the value to your paper savings bonds, click here.

Back to Top
Online Security Info

GREENWOOD CREDIT UNION (“GCU”) wants to help you to protect yourself from online scams. One of the most common types of fraud is e-mail. Educating yourself is key to protecting your personal information as well as your computer. GCU will never request personal or financial information by e-mail.

COMMON SCAMS

  • Phishing
    E-mails are received claiming to be from someone (i.e., credit union, United States governmental agency) that you know and trust. The e-mail may request that you reveal (respond) with confidential information such as user ID, password, account numbers, social security numbers, etc. If this information is supplied, the criminal could use this to gain access to your accounts or identity.
  • Spoofing
    Another way a criminal may gain access to your confidential information is spoofing. An e-mail may contain a link which would transfer you to a website or login page that appears to belong to a company or government agency familiar to you. This is called a “spoofed” site. The spoofed site will appear legitimate – but it is not. The criminal’s goal is to get your information.
  • Smishing
    Here is how it works. A group calling itself “Security First CU” (which is no relation to any credible credit union) (they may also use another credit union name) may send a text message or e-mail to an individual. The message informs the recipient that their account is being closed due to fraud. The message requests the individual contact them to reactivate their account by calling a telephone number. Some of these scams may utilize a 909 area code as a call back number. Calling that number results in an automated request to enter personal information including credit card numbers.
  • Vishing
    You would receive an automated message from your credit union or credit card company claiming that there is fraud on your account or unusually activity. In the automated call there will be a telephone number for you to call back. In the automated message, a telephone number is given for you to call and “verify” your personal information such as account number, PIN numbers, date of birth, etc., Once the information is entered the criminal now has your information and can gain access to your accounts.

After numerous reports of illegal activity, the fraudster’s telephone number has been shut down by the telephone provider. However, it is likely that the fraud will continue, utilizing a different telephone number.

This fraud is an attempt to obtain personal information from consumers. Consumers should NOT call the sender of this message nor take any other requested action. Under no circumstances, should personal information be shared in response.

IDENTITY THEFT

Confidential information such as your name, date of birth, social security, driver’s license, credit card numbers, and bank account numbers may be obtained without your knowledge with the purpose to commit fraud or theft.

Your wallet may be stolen; information such as your statement (bank account, credit cards) may be taken from the mail or the trash (remember it is best to shred all banking statements or any material with your account information). Remember the information could be obtained from someone you know and trust.

What should you do if you have reason to believe someone has stolen your identify? Following the steps below but you should do this quickly:

  1. From the Federal Trade Commission’s web site (http://www.ftc.gov/bcp/edu/microsites/idtheft/) print and complete the ID Theft Affidavit.

  2. Notify your local law enforcement agency (local or state police). Complete and file a written incident report. Remember to get a copy for yourself.

  3. Submit both the completed FTC affidavit and a copy of the incident report to GCU.
    If you suspect the e-mail or telephone call is not legitimate, DO NOT RESPOND!!!!

Helpful website:

National Credit Union Administration (www.ncua.gov).

Back to Top
Member Insurance

The National Credit Union Administration (NCUA) is the independent federal agency that charters and supervises federal credit unions. NCUA, backed of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF) insuring the savings of 80 million account holders in all federal credit unions and many state-chartered credit unions.

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United Sates Government.

The Helping Families Save Their Homes Act on May 20, 2009, continued an increased level of insurance coverage on all accounts of up to $250,000.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL NCUA INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the National Credit Union Administration (NCUA). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the NCUA up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account.

 

Click here to review the brochure from the NCUA which explains briefly about the coverage.
NCUA Share Insurance Call Center, Tool Kit - Click here

 

Back to Top
Online Banking

Open an Account online Click here
Log in or Sign Up click here
GCU’s online banking allows you to view your accounts held at the credit union, make transfers between your deposit accounts and make payments to your GCU loans.

 

 

 


Back to Top
Online Bill Pay Info

Open an Account online Click here
Log in or Sign Up click here
Bill pay is a free service we offer to our members with active checking accounts to pay your bills without writing out checks, stuffing envelopes, worrying about buying stamps and make a trip to the post office.  Payments can be scheduled as one-time payments or recurring payments. To register or access bill payment login to your GCU online banking account and select Payments.

 

 

Back to Top
Online Account Opening

Greenwood Credit Union now offers new members as well as existing members the ability to open deposit accounts online. All new members are required to open a share savings account with the minimum amount required.

Open an Account online Click here
Open an Account click here

The online application process is simple, secure and will guide you through the process.

  • The online application will take less than 10 minutes to complete
  • As soon as your completed application has been approved, we will setup your deposit account within 2-3 business days (depending upon the funding option you selected)

Funding Your Account is Easy:

  • If you are already a member, you can transfer funds from an existing account to the new deposit account
  • Transfer funds from another financial institution
  • You can use a debit or credit card. We will charge the card the amount you have designated
  • Or simply mailing a check to us at 2669 Post Road, Warwick, RI

You will receive a Welcome Packet once all documentation has been received by GCU.
To begin the account opening process, simply click the link to the right.

Online Loan Application

Open an Account online Click here
Open an Account click here

To apply for a Home Equity Loan, Home Equity Line of Credit or a VISA credit card click here

 

 

 

 


 

 

Open an Account online Click here
Sign up or Make a Payment online
click here
Online Loan Payment

Looking to pay your GCU loan but don’t have a checking account with us?  No problem you can pay your GCU loan using a bank account with another financial institution or a credit card. 

To make an Online Loan Payment, simply click the link to the right.

 

 

 


Back to Top
Mobile Banking

The GCU mobile banking apps are easy to download to your iPhone, Android or iPad. There is no charge to download the APP, nor any charge for using mobile banking. For more information click here!

 

Back to Top
Safe Deposit Boxes

Greenwood Credit Union offers safe deposit boxes in various sizes. 
Please see below for sizes and annual fee:

Size

Annual Fee

3”x5”x21” $35.00
5”x5”x21” $45.00
3”x10”x21” $50.00
5”x10”x21” $75.00
7”x10”x21” $100.00
10”x10”x21” $125.00

For current availability please contact teller line at 401-562-2748.

Back to Top
Travelers' Checks

GCU offers travelers’ checks to our member in denominations of $50 and $100.  There is a $1 fee for every $100 of travelers’ checks purchased.  To purchase travelers’ checks please come into the GCU and visit our teller line.

 

Back to Top
Money Orders

GCU offers money orders for amounts up to $1,000.  There is a $3 fee for all money orders.

 

Back to Top
Wire Transfers

Wire transfers can be arranged when you need to send or receive money quickly without having to wait for a check to clear.

For all outgoing and incoming wire fees please click here for the fee schedule. 

In order to send a wire be sure you have the financial institution's full wire instructions. 

For a domestic wire (inside the US) we will need at minimum the following information:

  • Name of the receiving financial institution
  • Receiving financial institutions address
  • Bank ABA (routing) number
  • Beneficiary Name
  • Beneficiary Physical Address (we cannot use a PO Box)
  • Beneficiary Account number
  • If there are any specific instructions

For an International Wire we will need at minimum the following information:

  • Name of the receiving financial institution
  • Receiving financial institutions address
  • IBAN or Swift code
  • Beneficiary Name
  • Beneficiary Physical Address
  • Beneficiary Account number
  • If there are any specific instructions

To wire funds into an account at Greenwood Credit Union the wiring instructions are as follows:

Receiving institution is Alloya FCU (Formerly Members United Corp. FCU), Albany, New York 
ABA Number: 221381715
Further Credit To: Greenwood Credit Union 2669 Post Rd Warwick, RI 02886
Account Number: 211590671
For Final Credit to: Members Name and Account Number

Address for Alloya FCU is:
1021 Watervliet-Shaker Road Albany NY 12205

Address for Greenwood Credit Union is: 2669 Post Road Warwick, RI 02886

 

Back to Top
Sprint Nextel

One More Benefit of membership
Sprint Nextel is offering discounted rates to our members on their wireless services.
Description: https://secure.mcul.org/files/cucorp/191/image/Sprint_Program/banners/Sprint_banner_B.gif
Greenwood Credit Union members can enjoy:

  • 10% off most regularly priced Sprint Nextel service plans
  • 15% off most corporate liable wireless plans
  • Waived activation fee
  • Nationwide coast-to-coast coverage
  • National rates with no roaming and long distance charges
  • Existing Sprint Nextel customers can also save

Sprint Nextel Services - preferential rates - savings for members. 10% discounts on all monthly recurring charges, waived activation fee on new lines, and waived upgrade fee.  Additional savings for corporate liable accounts.

Call 877.SAVE.U.CU (877x728x3428) and tell them you're a "Credit Union Member"
Ask to be attached to the NACUC_ZZM Corporate ID or
Visit: www.SprintSave4CU.com or
Go to: the nearest Sprint store
If you're an existing customer please visit:
www.sprint-discount.com and under "company/organization name" enter: Credit Union Member

 

Back to Top

 

CUDL Autosmart

Get valuable information to help buy your next new or used car, click here

 

Back to Top
Lost/Stolen Cards

If your Greenwood Credit Union VISA Credit, Debit, or ATM card is lost or stolen, you should notify the Credit Union IMMEDIATELY.  The credit union can be reached during normal business hours at 401-739-4600.  After hours and on weekends please call 800-754-4128 for VISA Debit Cards and 800-866-1296 for VISA Credit Cards.  In case of a stolen card, notify the police department as well.  Also please note your card number down on a piece of paper and keep this information in a secure area as you will need it when you call in after hours and on the weekend.

 

Back to Top