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1200 Central Ave
Pawtucket, RI 02861-2200

Pawtucket Credit Union is headquartered in Pawtucket and is the largest credit union in the state of Rhode Island. It is also the 118st largest credit union in the nation. It was established in 1926 and as of March of 2014, it had grown to 235 employees and 82,496 members. Pawtucket Credit Union has a A health rating.

Field of Membership Restrictions

Must live or work in Connecticut, Massachusetts or Rhode Island in order to join. - See Details

Reviews (2)

Member of Pawtucket Credit Union

On 4/09/2013 I went to the Smithfield,RI. branch to get a home equity loan I had all the qualifications ,paid off house valued in access of $ 135,000.00,steady income,and a good credit rating in access of the 675 required by them,plus a fairly large amount of cash on hand in access of $ 40,000.00 I basically I wanted to get my paid off house to do a little work for me to consolidate and one bill,my request was for $85,000.00 @ 2.95% for 12 years,now I pulled my credit scores a month before mind you,they pull a score with there so called credit company and it is 25 points lower than the 3 i pulled!?? and inform me I am not eligiable for the 2.9% but would have to go into the 7.9% bracket!!??? that would be an extra appox $ 28,800.00 interest more what they basically tried was a bait and switch preditory lending tactic on me!!?? there explanation was online credit scores from the top 3 are not accurate!!??The same ones that you are allowed to get once a year free by order of the goverment! As everyone can see these lending insititions are still up to there old ways and will never change,they have still not figured out that the people have had enough of all of them espically the poor families who lost there houses,savings etc by these corrupt and preditory tactics,becareful these guys are less than honest.

Bigger Style Credit Union

Pawtucket Credit Union is a great alternative to the "Big Banks". There is no fee for using any credit union (even if its not Pawtucket Credit Union) atms. With a direct deposit their checking accounts are free. They have better then average rates. The only drawback I have is that they do debits before credits.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Pawtucket Credit Union had $3.01 million in non-current loans and owned real-estate with $155.77 million in equity and loan loss allowances on hand to cover it. This gives Pawtucket Credit Union a Texas Ratio of 1.93% 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 decreased slightly from 2.30% as of March 31, 2013 to 1.93% as of March 31, 2014, resulting in a positive change of 16.05%.This indicates that the balance sheet and financial strength for Pawtucket Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Pawtucket Credit Union has increased its total deposits by $103.72 million, resulting in 9.45% 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.



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 $1.59 billion in assets with $155.77 million in equity, resulting in a capitalization level of 9.83%, which is above average.

Institution Statistics

NCUA #67278
Year Chartered1926
Primary Regulator
Assets and Liabilities
Assets$1.59 billion
Loans$1.39 billion
Deposits$1.20 billion
Equity Capital$146.66 million
Loan Loss Allowance$9.11 million
Unbacked Noncurrent Loans$1.04 million
Real Estate Owned$1.97 million
Historic Data - March 2013
Assets$1.44 billion
Equity Capital$134.73 million
Loan Loss Allowance$8.25 million
Unbacked Noncurrent Loans$1.04 million
Real Estate Owned$2.64 million
Profit Margin - Quarterly
Return on Assets0.62%
Return on Equity6.75%
Interest Income$13.22 million

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Pawtucket Credit Union Savings Account Rates

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

0.40%$10k-High Yield Money Market
0.40%$2,500-Money Market Passbook
0.40%$2,500-Money Market Statement

Pawtucket Credit Union Checking Account Rates

1.00%-$1kDebit Card Checking
0.40%$2,500-Direct Checking Plus

Pawtucket Credit Union CD Rates

1.25%$1k-24 Month Bump-Up CD
1.25%$1k-60 Month Bump-Up CD
1.00%$1k-36 Month Bump-Up CD
1.00%$1k-48 Month Bump-Up CD
0.50%$1k-3 Month CD
0.50%$1k-6 Month CD
0.50%$1k-9 Month CD
0.50%$1k-12 Month CD
0.50%$1k-18 Month CD

Pawtucket Credit Union IRA Rates

1.25%$500-24 Month Bump-Up IRA
1.25%$500-60 Month Bump-Up IRA
1.00%$500-36 Month Bump-Up IRA
1.00%$500-48 Month Bump-Up IRA
0.50%$500-3 Month IRA
0.50%$500-6 Month IRA
0.50%$500-9 Month IRA
0.50%$500-12 Month IRA
0.50%$500-18 Month IRA

Pawtucket Credit Union has 15 locations. Click to view all Pawtucket Credit Union locations.