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
B-
Rated B 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

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Simplify's Take

What believers are saying

  • GreenState opened its eighth Des Moines branch on June 3, 2026.
  • Money named GreenState one of the Best Banks of 2025-26.
  • GreenState operates 33 branches, supporting cross-sell and deposit growth across Iowa, Illinois, and Nebraska.

What critics are saying

  • A prime-auto delinquency spike would hit GRNST pools and freeze funding access.
  • Nebraska regulators already blocked its Premier Bank purchase, limiting acquisition-led expansion.
  • Credit-union pricing pressure and 2022 cuts exposed mortgage and commercial lending weakness.

What makes GreenState Credit Union unique

  • GreenState served 408,586 members and $11.19B assets on March 31, 2026.
  • June 2026 Merle Hay branch sells banking, insurance, trust, and wealth services.
  • GRNST 2024-1 made GreenState a 144A auto-ABS issuer in March 2024.

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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 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.

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