Pawtucket Credit Union

1200 Central Avenue
Pawtucket, RI 02861
401-722-2212
www.pcu.org

OverView
Rates
Health
Reviews

Pawtucket Credit Union is headquartered in PAWTUCKET and is the largest credit union in the state of Rhode Island. It is also the 129^th largest credit union in the nation. It was established in 1926 and as of December of 2011, it had grown to 219 employees and 69,678 members. Pawtucket Credit Union has a 5-star health rating.

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Pawtucket Credit Union Checking Account Rates

Apy	Min	Max	Product
1.00%	-	$1k	Debit Card Checking
0.40%	$2,500	-	Direct Checking Plus

Pawtucket Credit Union Savings Account Rates

Apy	Min	Max	Product
0.45%	$2,500	-	Business High Yield Savings
0.40%	$25k	-	High Yield Savings
0.25%	$25	-	Passbook Savings
0.25%	$25	-	Statement Savings
0.25%	-	-	Money Club Share Savings
0.25%	$25	-	IRA Savings
0.25%	$25	-	Business Statement Savings
0.25%	$25	-	Roth IRA Savings
0.25%	$25	-	CESA Savings

Pawtucket Credit Union Money Market Rates

Apy	Min	Max	Product
0.40%	$10k	-	High Yield Money Market
0.40%	$2,500	-	Money Market Passbook
0.40%	$2,500	-	Money Market Statement

Pawtucket Credit Union CD Rates

Apy	Min	Max	Product
1.75%	$1k	-	60 Month Bump-Up CD
1.50%	$1k	-	48 Month Bump-Up CD
1.25%	$1k	-	36 Month Bump-Up CD
1.00%	$1k	-	24 Month Bump-Up CD
0.75%	$1k	-	18 Month CD
0.50%	$1k	-	12 Month CD
0.50%	$1k	-	13 Month CD
0.40%	$1k	-	9 Month CD
0.35%	$1k	-	6 Month CD
0.35%	$1k	-	8 Month CD
0.30%	$1k	-	3 Month CD

Pawtucket Credit Union IRA Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month Bump-Up IRA
1.75%	$500	-	60 Month Bump-Up Roth IRA
1.75%	$500	-	60 Month Bump-Up CESA
1.50%	$500	-	48 Month Bump-Up IRA
1.50%	$500	-	48 Month Bump-Up Roth IRA
1.50%	$500	-	48 Month Bump-Up CESA
1.25%	$500	-	36 Month Bump-Up IRA
1.25%	$500	-	36 Month Bump-Up Roth IRA
1.25%	$500	-	36 Month Bump-Up CESA
1.00%	$500	-	24 Month Bump-Up IRA
1.00%	$500	-	24 Month Bump-Up Roth IRA
1.00%	$500	-	24 Month Bump-Up CESA
0.75%	$500	-	18 Month IRA
0.75%	$500	-	18 Month Roth IRA
0.75%	$500	-	18 Month CESA
0.50%	$500	-	12 Month IRA
0.50%	$500	-	13 Month IRA
0.50%	$500	-	12 Month Roth IRA
0.50%	$500	-	13 Month Roth IRA
0.50%	$500	-	12 Month CESA
0.50%	$500	-	13 Month CESA
0.40%	$500	-	9 Month IRA
0.40%	$500	-	9 Month Roth IRA
0.40%	$500	-	9 Month CESA
0.35%	$500	-	6 Month IRA
0.35%	$500	-	8 Month IRA
0.35%	$500	-	6 Month Roth IRA
0.35%	$500	-	8 Month Roth IRA
0.35%	$500	-	6 Month CESA
0.35%	$500	-	8 Month CESA
0.30%	$500	-	3 Month IRA
0.30%	$500	-	3 Month Roth IRA
0.30%	$500	-	3 Month CESA

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

PAWTUCKET
NCUA #	67278
BankRate Report	View
Year Chartered	1926
Employees	219
Primary Regulator
Assets and Liabilities
Assets	$1.31 billion
Loans	$1.08 billion
Deposits	$992.07 million
Equity Capital	$120.76 million
Loan Loss Allowance	$9.55 million
Unbacked Noncurrent Loans	$1.32 million
Real Estate Owned	$5.49 million
Historic Data - December 2010
Assets	$1.24 billion
Equity Capital	$112.95 million
Loan Loss Allowance	$9.63 million
Unbacked Noncurrent Loans	$2.76 million
Real Estate Owned	$3.14 million
Profit Margin - Quarterly
Net Interest Margin	4.72%
Return on Assets	0.61%
Return on Equity	6.65%
Interest Income	$52.94 million
Non-Interest Income	$7.58 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Pawtucket Credit Union had $6.81 million in non-current loans and owned real-estate with $130.31 million in equity and loan loss allowances on hand to cover it. This gives Pawtucket Credit Union a Texas Ratio of 5.23% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Pawtucket Credit Union held steady from 4.81% as of December 31, 2010 to 5.23% as of December 31, 2011, resulting in a negative change of 8.59%. This indicates that the balance sheet and financial strength for Pawtucket Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Pawtucket Credit Union has increased its total deposits by $68.43 million, resulting in 7.41% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pawtucket Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pawtucket Credit Union has $1.31 billion in assets with $130.31 million in equity, resulting in a capitalization level of 9.93%, which is average.

No reviews have been left for this bank yet. Be the first to review.