GreenState Credit Union

GreenState Credit Union

Member-owned financial cooperative providing banking services

Overview

GreenState Credit Union is a member-owned financial cooperative with 35 branches and more than $10 billion in assets serving about 400,000 members, including University of Iowa affiliates. It pools member deposits to fund loans and services, and profits go back to members as better rates, lower fees, and convenient access through branches and online tools. Unlike for-profit banks, it operates as a not-for-profit cooperative insured by the NCUA and serves a broad community with broad eligibility. Its goal is to provide affordable, accessible financial products and trusted, insured options while growing membership and assets in the communities it serves.

Significant Headcount Growth

About GreenState Credit Union

Simplify's Rating
Why GreenState Credit Union is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$500M

Headquarters

North Liberty, Iowa

Founded

1938

People at GreenState Credit Union

People at GreenState Credit Union who can refer or advise you

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Simplify's Take

What believers are saying

  • 50% consumer loan growth in 2024 with $385 million from 14,000 auto loans.
  • KBRA revised outlook to Stable in 2024, signaling improved financial stability.
  • Partnered with Adrenaline in 2024 for a future-focused retail delivery strategy.

What critics are saying

  • KBRA downgrade for elevated credit losses probable 70–90% in 6–12 months with high impact.
  • Severe home loan service failures likely 60–80% in 3–9 months with medium impact.
  • Lending denial trend probable 50–70% in 6–12 months amid rising rates with high impact.

What makes GreenState Credit Union unique

  • GreenState pioneered a $400M GRNST 2024-1 auto loan 144A offering in 2024.
  • GreenState ranks in top 5% nationwide for Return on Member over a decade.
  • GreenState deployed Video Teller Machines and expanded branches in 2024 for 451,000 members.

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Funding

Total Funding

$500M

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Growth & Insights

Headcount

6 month growth

9%

1 year growth

9%

2 year growth

9%

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