Nonprofit · EIN 05-0254228
GREENWOOD CREDIT UNION INC
Also known as ATTN ACCOUNTING DEPT
Tax-exempt · WARWICK, RI 02886
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $55,812,855 | $47,496,677 | $8,316,178 | $907,742,331 | $820,151,852 | $87,590,479 |
| December 31, 2024 | 990 | $53,648,132 | $48,715,127 | $4,933,005 | $865,510,015 | $786,235,714 | $79,274,301 |
| December 31, 2023 | 990 | $43,604,859 | $39,565,582 | $4,039,277 | $868,582,162 | $794,240,866 | $74,341,296 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $53,656,282
- Investment income
- $2,156,573
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,840,523
- Other salaries and wages
- $5,851,174
- Salaries, compensation and benefits (total)
- $9,970,863
- Professional fundraising fees
- $0
- Occupancy
- $1,000,609
- Depreciation
- $648,932
Balance sheet and other
- Total assets, start of year
- $865,510,015
- Total assets, end of year
- $907,742,331
- Total liabilities, end of year
- $820,151,852
- Net assets, end of year
- $87,590,479
- Land, buildings and equipment
- $13,356,077
- Gross unrelated business income
- $2,294
- Gross receipts
- $55,812,855
- Employees
- 97
- Year formed
- 1948
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FREDERICK REINHARDT | CEO Officer | 40 | $703,300 | $46,707 |
| HOLLY FERRARA | SENIOR VP/CL Highest-paid employee | 40 | $255,676 | $43,826 |
| JENNIFER LAFRANCE | SVP/COO Officer | 40 | $245,354 | $26,748 |
| ANDREW BROWN | CFO Officer | 40 | $228,010 | $11,624 |
| THERESA BROPHY | SVP, HUMAN R Key employee | 40 | $165,798 | $37,696 |
| PAUL SILVA | CHIEF RISK O Key employee | 40 | $154,714 | $29,069 |
| KAREN SD GRANDE ESQ | CHAIRPERSON/ Trustee or director, Officer | 5 | $36,300 | $0 |
| PHILIP SLOCUM | VICE CHAIR/D Trustee or director, Officer | 4 | $27,300 | $0 |
| MICHAEL TIKOIAN | BOARD TREASU Trustee or director, Officer | 1 | $26,100 | $0 |
| SANDRA POWELL | BOARD SECRET Trustee or director, Officer | 1 | $25,200 | $0 |
| MARIANNE VARATTA | DIRECTOR Trustee or director | 1 | $17,503 | $0 |
| ROSS NELSON | DIRECTOR Trustee or director | 1 | $16,100 | $0 |
| CARRIE BRIDGES FELIZ | DIRECTOR Trustee or director | 1 | $15,600 | $0 |
| BRIAN MCGUIRK | DIRECTOR Trustee or director | 1 | $15,100 | $0 |
| MARY SADLIER | DIRECTOR Trustee or director | 1 | $12,300 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FREDERICK REINHARDT | CEO Officer | 40 | $754,024 | $39,018 |
| ANDREW BROWN | CFO Officer | 40 | $281,614 | $11,128 |
| HOLLY FERRARA | SENIOR VP/CL Highest-paid employee | 40 | $236,348 | $35,257 |
| JENNIFER LAFRANCE | SVP/COO Officer | 40 | $228,182 | $34,682 |
| THERESA BROPHY | SVP, HUMAN R Highest-paid employee | 40 | $148,095 | $29,762 |
| MARIANNE VARATTA | DIRECTOR Trustee or director | 40 | $32,025 | $12,087 |
| KAREN SD GRANDE ESQ | CHAIRPERSON/ Trustee or director, Officer | 5 | $29,000 | $0 |
| SANDRA POWELL | BOARD SECRET Trustee or director, Officer | 1 | $24,200 | $0 |
| PHILIP SLOCUM | VICE CHAIR/D Trustee or director, Officer | 4 | $23,500 | $0 |
| MICHAEL TIKOIAN | BOARD TREASU Trustee or director, Officer | 1 | $18,200 | $0 |
| BRIAN MCGUIRK | DIRECTOR Trustee or director | 1 | $16,400 | $0 |
| CARRIE BRIDGES FELIZ | DIRECTOR Trustee or director | 1 | $13,900 | $0 |
| ROSS NELSON | DIRECTOR Trustee or director | 1 | $12,300 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FREDERICK REINHARDT | CEO Officer | 40 | $423,239 | $32,899 |
| HOLLY FERRARA | VP RETAIL LE Highest-paid employee | 40 | $253,925 | $29,634 |
| JENNIFER LAFRANCE | COO Officer | 40 | $214,860 | $30,353 |
| MARIANNE VARATTA | SENIOR VP/DI Trustee or director, Officer | 40 | $221,877 | $15,452 |
| ANDREW BROWN | CFO Officer | 40 | $208,492 | $10,407 |
| THERESA BROPHY | SVP, HUMAN R Highest-paid employee | 40 | $141,580 | $26,750 |
| THOMAS AHERN | CHAIRMAN/DIR Trustee or director, Officer | 5 | $38,000 | $0 |
| KAREN SD GRANDE ESQ | VICE CHAIR/D Trustee or director, Officer | 4 | $26,000 | $0 |
| SANDRA POWELL | BOARD SECRET Trustee or director, Officer | 1 | $24,200 | $0 |
| PHILIP SLOCUM | TREASURER Trustee or director, Officer | 1 | $23,600 | $0 |
| BRIAN MCGUIRK | DIRECTOR Trustee or director | 1 | $16,400 | $0 |
| MICHAEL TIKOIAN | DIRECTOR Trustee or director | 1 | $15,500 | $0 |
| CARRIE BRIDGES FELIZ | DIRECTOR Trustee or director | 1 | $14,300 | $0 |
| ROSS NELSON | DIRECTOR Trustee or director | 1 | $10,600 | $0 |
Address and contacts
- Address (IRS master file)
- 2700 POST RD, WARWICK, RI 02886-3003
- In care of
- % ANDREW BROWN
- Principal officer (990 for 2025)
- FREDERICK REINHARDT, 2700 POST ROAD, WARWICK, RI 02886
- Signed the 990
- ANDREW BROWN, CFO
- Phone
- (401) 739-4600
- Website
- WWW.GREENWOODCU.ORG
- Return prepared by
- MYSTIC ACCOUNTING GROUP LLP
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.
Program accomplishments
- INVESTMENT INCOME FROM LOANS AND INVESTMENTS PROVIDE FUNDS NECESSARY TO PROVIDE LOW COST FINANCIAL PRODUCTS TO MEMBER OWNERS. AT DECEMBER 31, 2025, THE CREDIT UNION HAD 86,211 SHARE/DEPOSIT ACCOUNTS AND 37,084 LOAN ACCOUNTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0254228
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $907,742,331
- Income (IRS master file)
- $55,812,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $55,812,855 | $47,496,677 | $907,742,331 | XML |
| 990 | December 2024 | $53,648,132 | $48,715,127 | $865,510,015 | XML |
| 990 | December 2023 | $43,604,859 | $39,565,582 | $868,582,162 | XML |
| 990 | December 2022 | $35,042,007 | $26,356,076 | $792,476,276 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0254228).
Questions about GREENWOOD CREDIT UNION INC
- What is the EIN of GREENWOOD CREDIT UNION INC?
- The employer identification number (EIN) of GREENWOOD CREDIT UNION INC is 05-0254228.
- Is GREENWOOD CREDIT UNION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1988.
- Are donations to GREENWOOD CREDIT UNION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREENWOOD CREDIT UNION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREENWOOD CREDIT UNION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREENWOOD CREDIT UNION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GREENWOOD CREDIT UNION INC?
- The 990 for the year ended December 31, 2025 names FREDERICK REINHARDT.
- Who are the officers and directors of GREENWOOD CREDIT UNION INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $703,300 (FREDERICK REINHARDT, CEO).
- How much revenue does GREENWOOD CREDIT UNION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $55,812,855, expenses of $47,496,677 and total assets of $907,742,331 at year end.
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