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Greenwood Credit Union Inc

Attn Accounting Dept

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$35M (2022)

Expenses
$26.4M (2022)

Total Assets
$792M (2022)

Total Liabilities
$721M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,042,007
Expenses
$26,356,076
Net Income
$8,685,931
Net Assets
$71,178,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,398,438
95.3%
Investment Income $1,643,569
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,906,522
30.0%
Assets/Debt
Total Assets $792,476,276
Total Liabilities $721,297,579
Net Assets $71,178,697
Compensation
Key Employees and Officers Compensation Related Other
Frederick Reinhardt (Ceo) $397,463 $0 $32,319
Holly Ferrara (Vp Retail Le) $226,383 $0 $29,139
Jennifer Lafrance (Coo) $203,190 $0 $27,980
Andy Brown (Cfo) $190,652 $0 $9,533
Marianne Varatta (Senior Vp/Di) $174,093 $0 $18,216
Theresa Brophy (Svp, Human R) $142,049 $0 $24,220
Thomas Ahern (Chairman/Dir) $37,800 $0 $0
Karen Sd Grande Esq (V Chairman/D) $24,300 $0 $0
Sandra Powell (Director) $23,400 $0 $0
Philip Slocum (Director) $22,800 $0 $0
Brian Mc Gurik (Director) $15,900 $0 $0
Michael Tikoian (Director) $15,300 $0 $0
R Nelson (Director) $14,100 $0 $0
Carrie Bridges Feliz (Director) $13,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,311,818
Expenses
$23,564,392
Net Income
$8,747,426
Net Assets
$62,492,766
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,569,671
94.6%
Investment Income $1,742,147
5.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,239,052
30.7%
Assets/Debt
Total Assets $681,592,383
Total Liabilities $619,099,617
Net Assets $62,492,766
Compensation
Key Employees and Officers Compensation Related Other
Frederick Reinhardt (Ceo) $365,630 $0 $33,117
Shannon Melchione (Mtg Loan Off) $268,268 $0 $12,992
Holly Ferrara (Vp Retail Le) $200,233 $0 $27,772
Marianne Varatta (Senior Vp/Di) $174,238 $0 $23,956
Jennifer Lafrance (Coo) $143,540 $0 $24,644
Andy Brown (Cfo) $132,812 $0 $8,507
Thomas Ahern (Chairman/Dir) $37,500 $0 $0
Karen Sd Grande Esq (V Chairman/D) $25,200 $0 $0
Sandra Powell (Director) $22,800 $0 $0
Philip Slocum (Director) $22,200 $0 $0
Brian Mc Gurik (Director) $15,000 $0 $0
Michael Tikoian (Director) $14,100 $0 $0
R Nelson (Director) $13,500 $0 $0
Carrie Bridges Feliz (Director) $8,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,056,335
Expenses
$25,830,314
Net Income
$4,226,021
Net Assets
$53,745,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,637,103
95.3%
Investment Income $1,419,232
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,385,341
24.7%
Assets/Debt
Total Assets $649,024,883
Total Liabilities $595,279,543
Net Assets $53,745,340
Compensation
Key Employees and Officers Compensation Related Other
Frederick Reinhardt (Ceo) $344,700 $0 $31,380
Shannon Melchione (Mtg Loan Off) $314,546 $0 $12,249
Joseph Lajoie (Cfo/Sr Vp) $228,141 $0 $17,373
Holly Ferrara (Vp Retail Le) $196,094 $0 $26,580
Marianne Varatta (Senior Vp/Di) $173,879 $0 $24,062
Thomas Ahern (Chairman/Dir) $36,600 $0 $0
Karen Sd Grande Esq (V Chairman/D) $24,600 $0 $0
Kathleen Hittner Md (Secretary/Di) $22,200 $0 $0
Philip Slocum (Director) $16,950 $0 $0
Brian Mc Gurik (Director) $15,000 $0 $0
Sandra Powell (Director) $12,900 $0 $0
Peter D'orsi Jr (Treasurer/Di) $12,450 $0 $0
R Nelson (Director) $12,000 $0 $0
Michael Tikoian (Director) $5,700 $0 $0
Andrew Brown (Cfo/Sr. Vp) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,854,337
Expenses
$23,887,701
Net Income
$2,966,636
Net Assets
$49,519,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,684,222
95.6%
Investment Income $1,111,298
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $58,817
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,553,189
23.2%
Assets/Debt
Total Assets $580,210,494
Total Liabilities $530,691,175
Net Assets $49,519,319
Compensation
Key Employees and Officers Compensation Related Other
Frederick Reinhardt (Ceo) $315,573 $0 $30,582
Joseph Lajoie (Cfo/Sr Vp) $214,081 $0 $11,873
Holly Ferrara (Vp Retail Le) $150,033 $0 $24,485
Marianne Varatta (Senior Vp/Di) $127,610 $0 $22,489
Stephen Elias (Vp Indirect) $121,074 $0 $17,230
Thomas Ahern (Chairman/Dir) $37,750 $0 $0
Karen Sd Grande Esq (Secretary/Di) $23,300 $0 $0
Peter D'orsi Jr (Treasurer/Di) $22,700 $0 $0
Kathleen Hittner Md (Director) $16,400 $0 $0
John Bamford (V Chairman/D) $16,100 $0 $0
Sandra Powell (Director) $13,700 $0 $0
Philip Slocum (Director) $13,100 $0 $0
Anthony Marouchoc (Director) $4,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,957,921
Expenses
$18,575,769
Net Income
$3,382,152
Net Assets
$46,552,683
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,642,773
94.0%
Investment Income $1,046,532
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $268,616
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,207,262
28.0%
Assets/Debt
Total Assets $552,002,117
Total Liabilities $505,449,434
Net Assets $46,552,683
Compensation
Key Employees and Officers Compensation Related Other
Frederick Reinhardt (Ceo) $292,565 $0 $29,466
Joseph Lajoie (Cfo/Sr Vp) $239,716 $0 $9,520
Marianne Varatta (Senior Vp/Di) $184,681 $0 $22,549
Stephen Elias (Vp Indirect) $118,642 $0 $7,380
Robert Dasilva (Vp Retail Le) $114,595 $0 $19,427
Thomas Ahern (Chairman/Dir) $36,900 $0 $0
John Bamford (V Chairman/D) $24,900 $0 $0
Karen Sd Grande Esq (Secretary/Di) $22,850 $0 $0
Peter D'orsi Jr (Treasurer/Di) $22,850 $0 $0
Anthony Marouchoc (Director) $14,600 $0 $0
Sandra Powell (Director) $13,850 $0 $0
Philip Slocum (Director) $13,100 $0 $0
Kathleen Hittner Md (Director) $12,450 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,370,931
Expenses
$15,495,610
Net Income
$1,875,321
Net Assets
$43,170,531
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,332,268
94.0%
Investment Income $1,038,663
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $161,150
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,380,020
28.3%
Assets/Debt
Total Assets $496,810,470
Total Liabilities $453,639,939
Net Assets $43,170,531
Compensation
Key Employees and Officers Compensation Related Other
Frederick Reinhardt (Ceo) $251,936 $0 $28,320
Joseph Lajoie (Cfo/Sr Vp) $205,383 $0 $12,472
Marianne Varatta (Senior Vp/Di) $133,166 $0 $20,907
Holly Ferrara (Vp Comm Lend) $120,248 $0 $21,890
Stephen Elias (Vp Indirect) $115,898 $0 $20,621
Thomas Ahern (Chairman/Dir) $36,400 $0 $0
John Bamford (V Chairman/D) $24,400 $0 $0
Peter D'orsi Jr (Treasurer/Di) $22,850 $0 $0
Karen Sd Grande Esq (Secretary/Di) $22,600 $0 $0
Anthony Marouchoc (Director) $14,600 $0 $0
Sandra Powell (Director) $13,600 $0 $0
Kathleen Hittner Md (Director) $13,350 $0 $0
Philip Slocum (Director) $13,350 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,527,530
Expenses
$14,380,866
Net Income
$2,146,664
Net Assets
$41,295,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,202,675
92.0%
Investment Income $1,324,855
8.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,427,796
30.8%
Assets/Debt
Total Assets $456,261,334
Total Liabilities $414,966,124
Net Assets $41,295,210
Compensation
Key Employees and Officers Compensation Related Other
James Irving (Ceo/Director) $296,720 $0 $68,036
Joseph Lajoie (Cfo/Sr Vp) $176,920 $0 $17,705
Marianne Varatta (Senior Vp/Di) $125,642 $0 $43,428
Holly Ferrara (Vp Comm Lend) $110,937 $0 $30,700
Will Thibodeau (Vp Retail Le) $108,540 $0 $24,108
Thomas Ahern (Chairman/Dir) $38,450 $0 $0
John Bamford (V Chairman/D) $26,450 $0 $0
Peter D'orsi Jr (Treasurer/Di) $24,150 $0 $0
Karen Sd Grande Esq (Secretary/Di) $23,500 $0 $0
Kathleen Hittner Md (Director) $16,000 $0 $0
Anthony Marouchoc (Director) $15,500 $0 $0
Sandra Powell (Director) $13,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,828,563
Expenses
$13,688,774
Net Income
$2,139,789
Net Assets
$39,148,546
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,393,519
90.9%
Investment Income $1,435,044
9.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,605,759
33.6%
Assets/Debt
Total Assets $427,424,983
Total Liabilities $388,276,437
Net Assets $39,148,546
Compensation
Key Employees and Officers Compensation Related Other
James Irving (Ceo/Director) $277,619 $0 $74,555
Joseph Lajoie (Cfo/Sr Vp) $172,067 $0 $18,389
Lars Farnham (Vp Indirect) $128,254 $0 $19,619
Holly Ferrara (Vp Comm Lend) $125,464 $0 $23,030
Marianne Varatta (Senior Vp/Di) $125,046 $0 $44,611
William Walaska (Chairman/Dir) $28,500 $0 $0
Thomas Ahern (V Chair/Dire) $25,950 $0 $0
John Bamford (Treasurer/Di) $24,950 $0 $0
Karen Sd Grande Esq (Secretary/Di) $24,400 $0 $0
Peter D'orsi Jr (Asst Sec/Dir) $20,650 $0 $0
Anthony Marouchoc (Director) $11,950 $0 $0
Kathleen Hittner Md (Director) $10,900 $0 $0
Sandra Powell (Director) $800 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,207,043
Expenses
$13,165,072
Net Income
$2,041,971
Net Assets
$37,008,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,837,935
91.0%
Investment Income $1,369,108
9.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,444,160
33.8%
Assets/Debt
Total Assets $411,192,226
Total Liabilities $374,183,469
Net Assets $37,008,757
Compensation
Key Employees and Officers Compensation Related Other
James Irving (Ceo/Director) $271,780 $0 $69,858
Joseph Lajoie (Cfo/Sr Vp) $164,932 $0 $17,633
Lars Farnham (Vp Indirect) $120,171 $0 $19,472
Marianne Varatta (Senior Vp/Di) $119,929 $0 $28,233
Holly Ferrara (Vp Comm Lend) $118,633 $0 $19,311
William Walaska (Chairman/Dir) $33,450 $0 $0
Thomas Ahern (V Chair/Dire) $23,450 $0 $0
John Bamford (Treasurer/Di) $22,650 $0 $0
Karen Sd Grande Esq (Secretary/Di) $22,400 $0 $0
Peter D'orsi Jr (Asst Sec/Dir) $18,450 $0 $0
Anthony Marouchoc (Director) $11,700 $0 $0
Kathleen Hittner Md (Director) $10,650 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,089,658
Expenses
$13,019,174
Net Income
$2,070,484
Net Assets
$34,966,786
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,563,975
89.9%
Investment Income $1,525,683
10.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,294,980
33.0%
Assets/Debt
Total Assets $387,499,463
Total Liabilities $352,532,677
Net Assets $34,966,786
Compensation
Key Employees and Officers Compensation Related Other
James Irving (Ceo/Director) $270,750 $0 $64,696
Joseph Lajoie (Cfo/Sr Vp) $161,801 $0 $14,794
Lars Farnham (Vp) $118,455 $0 $18,975
Marianne Varatta (Senior Vp/Di) $117,664 $0 $25,200
Holly Pettis (Vp Comm Lend) $117,007 $0 $17,165
William Walaska (Chairman/Dir) $32,150 $0 $0
Thomas Ahern (V Chair/Dire) $23,450 $0 $0
Karen Sd Grande Esq (Secretary/Di) $22,650 $0 $0
John Bamford (Treasurer/Di) $22,400 $0 $0
Peter D'orsi Jr (Asst Sec/Dir) $18,200 $0 $0
Anthony Marouchoc (Director) $11,450 $0 $0
Kathleen Hittner Md (Director) $11,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,263,142
Expenses
$12,962,538
Net Income
$3,300,604
Net Assets
$32,896,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,790,582
90.9%
Investment Income $1,472,560
9.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $932,072
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,326,766
25.7%
Assets/Debt
Total Assets $359,032,840
Total Liabilities $326,136,538
Net Assets $32,896,302

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,088,148
Expenses
$13,060,452
Net Income
$3,027,696
Net Assets
$29,595,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,258,019
88.6%
Investment Income $1,769,433
11.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $60,696
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $814,698
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,147,956
16.4%
Assets/Debt
Total Assets $327,734,798
Total Liabilities $298,139,100
Net Assets $29,595,698

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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