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 C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$500M

Headquarters

North Liberty, Iowa

Founded

1938

Get referred to GreenState Credit Union

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • June 2026 Merle Hay Road opened as GreenState's 32nd branch across three states.
  • KBRA said 9M25 ROA improved to 0.24% and NIM expanded 45 bps.
  • March 2026 call-report assets reached $11.19 billion with 408,586 members.

What critics are saying

  • KBRA cited 1.80% nonperforming assets in November 2025 and pressured asset quality.
  • Sanders v. Greenstate Credit Union brought FCRA litigation in August 2026.
  • If earnings weaken again, capital rebuild stalls and regulator-imposed growth limits follow.

What makes GreenState Credit Union unique

  • 2024 GRNST 2024-1 monetized prime auto loans through a 144A securitization.
  • GreenState spans Iowa, Illinois, and Nebraska with 32 branches by June 2026.
  • It pairs banking with trust, wealth management, and youth fintech through Greenlight.

Help us improve and share your feedback! Did you find this helpful?

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 and Company News

Headcount

6 month growth

9%

1 year growth

9%

2 year growth

9%
BNN Breaking
Mar 5th, 2024
GreenState Credit Union Leads Market with Inaugural $400M Auto Loa…

GreenState Credit Union launches its pioneering 144A offering, GRNST 2024-1, backed by prime auto loans, marking a significant milestone in financial innovation.

Recently Posted Jobs

Sign up to get curated job recommendations

GreenState Credit Union is Hiring for 34 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →