People's Credit Union

858 West Main Road
Middletown, RI 02842
800.498.8930
www.peoplescu.com

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People's Credit Union is headquartered in Middletown and is the 3^rd largest credit union in the state of Rhode Island. It is also the 520^th largest credit union in the nation. It was established in 1922 and as of December of 2011, it had grown to 104 employees and 27,758 members. People's Credit Union has a 4-star health rating.

4.30% 12-Month CD at Peoples Credit Union In South Florida - 12/15/2008

Update 12/19/08: The CD rate has fallen. Please check the credit union's website for the latest rates.Peoples Credit Union is offering a special certificate with a yield as high as 4.30% APY for a 12-month term. Minimum deposit is $1,000. The base APY is...

4.50% 12-Month CD at Peoples Credit Union In South Florida - 11/4/2008

Peoples Credit Union is offering a special certificate with a yield as high as 4.50% APY for a 12-month term. Minimum deposit is $1,000. The base yield is 4.20% APY. Higher rates are available with the following checking account activities:0.10% added...

2.75% Reward Checking Account at a Rhode Island CU (People's) - 10/11/2007

Update 9/07/09: The top yield has fallen to 2.75% APY. Refer to the bottom of the post for the rate history.People's Credit Union has a reward checking account called e-plus Checking which pays 2.75% APY on balances up to $50K (0.50% above) and refunds...

5.50% 6-Month CD at a South Florida CU (Peoples) - 7/30/2007

Peoples Credit Union is offering a special 5.50% APY 6-month certificate of deposit. The minimum deposit is $10,000, and it requires new money.Membership is open to anyone who lives, works or owns property in Miami-Dade or Broward County. You can also be...

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

People's Credit Union Checking Account Rates

Apy	Min	Max	Product
0.05%	-	-	Interest Checking
0.05%	-	-	Business Interest Checking

People's Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	$50k	-	Personal Premium Savings
0.10%	$50k	-	Business Premium Savings
0.05%	$100	-	Business Savings
0.05%	$100	-	IRA Savings Account
0.05%	-	-	Holiday Club Account
0.05%	-	-	Basic Savings
0.05%	$100	-	Roth IRA Savings Account
0.05%	$100	-	CESA Savings Account

People's Credit Union Money Market Rates

Apy	Min	Max	Product
0.25%	$75k	-	Business Money Market
0.25%	$75k	-	Personal Money Market

People's Credit Union CD Rates

Apy	Min	Max	Product
1.80%	$500	-	60 Month Loyalty Rewards CD
1.80%	$500	-	Business 60 Month Loyalty Rewards CD
1.70%	$500	-	60 Month CD
1.70%	$500	-	Business 60 Month CD
1.15%	$500	-	48 Month Loyalty Rewards CD
1.15%	$500	-	Business 48 Month Loyalty Rewards CD
1.05%	$500	-	48 Month CD
1.05%	$500	-	36 Month Loyalty Rewards CD
1.05%	$500	-	Business 36 Month Loyalty Rewards CD
1.05%	$500	-	Business 48 Month CD
0.95%	$500	-	36 Month CD
0.95%	$500	-	Business 36 Month CD
0.80%	$500	-	24 Month Loyalty Rewards CD
0.80%	$500	-	Business 24 Month Loyalty Rewards CD
0.70%	$500	-	24 Month CD
0.70%	$500	-	Business 24 Month CD
0.65%	$500	-	18 Month Loyalty Rewards CD
0.65%	$500	-	Business 18 Month Loyalty Rewards CD
0.55%	$500	-	18 Month CD
0.55%	$500	-	Business 18 Month CD
0.45%	$500	-	12 Month Loyalty Rewards CD
0.45%	$500	-	Business 12 Month Loyalty Rewards CD
0.40%	$500	-	9 Month Loyalty Rewards CD
0.40%	$500	-	Business 9 Month Loyalty Rewards CD
0.35%	$500	-	12 Month CD
0.35%	$500	-	Business 12 Month CD
0.30%	$500	-	9 Month CD
0.30%	$500	-	6 Month Loyalty Rewards CD
0.30%	$500	-	Business 6 Month Loyalty Rewards CD
0.30%	$500	-	Business 9 Month CD
0.25%	$500	-	3 Month Loyalty Rewards CD
0.25%	$500	-	4 Month Loyalty Rewards CD
0.25%	$500	-	Business 3 Month Loyalty Rewards CD
0.25%	$500	-	Business 4 Month Loyalty Rewards CD
0.20%	$500	-	6 Month CD
0.20%	$500	-	Business 6 Month CD
0.15%	$500	-	3 Month CD
0.15%	$500	-	4 Month CD
0.15%	$500	-	Business 3 Month CD
0.15%	$500	-	Business 4 Month CD

People's Credit Union IRA Rates

Apy	Min	Max	Product
1.80%	$500	-	60 Month Loyalty Rewards IRA
1.80%	$500	-	60 Month Loyalty Rewards Roth IRA
1.80%	$500	-	60 Month Loyalty Rewards CESA
1.70%	$500	-	60 Month IRA
1.70%	$500	-	60 Month Roth IRA
1.70%	$500	-	60 Month CESA
1.15%	$500	-	48 Month Loyalty Rewards IRA
1.15%	$500	-	48 Month Loyalty Rewards Roth IRA
1.15%	$500	-	48 Month Loyalty Rewards CESA
1.05%	$500	-	36 Month Loyalty Rewards IRA
1.05%	$500	-	48 Month IRA
1.05%	$500	-	36 Month Loyalty Rewards Roth IRA
1.05%	$500	-	48 Month Roth IRA
1.05%	$500	-	36 Month Loyalty Rewards CESA
1.05%	$500	-	48 Month CESA
0.95%	$500	-	36 Month IRA
0.95%	$500	-	36 Month Roth IRA
0.95%	$500	-	36 Month CESA
0.80%	$500	-	24 Month Loyalty Rewards IRA
0.80%	$500	-	24 Month Loyalty Rewards Roth IRA
0.80%	$500	-	24 Month Loyalty Rewards CESA
0.70%	$500	-	24 Month IRA
0.70%	$500	-	24 Month Roth IRA
0.70%	$500	-	24 Month CESA
0.65%	$500	-	18 Month Loyalty Rewards IRA
0.65%	$500	-	18 Month Loyalty Rewards Roth IRA
0.65%	$500	-	18 Month Loyalty Rewards CESA
0.55%	$500	-	18 Month IRA
0.55%	$500	-	18 Month Roth IRA
0.55%	$500	-	18 Month CESA
0.45%	$500	-	12 Month Loyalty Rewards IRA
0.45%	$500	-	12 Month Loyalty Rewards Roth IRA
0.45%	$500	-	12 Month Loyalty Rewards CESA
0.40%	$500	-	9 Month Loyalty Rewards IRA
0.40%	$500	-	9 Month Loyalty Rewards Roth IRA
0.40%	$500	-	9 Month Loyalty Rewards CESA
0.35%	$500	-	12 Month IRA
0.35%	$500	-	12 Month Roth IRA
0.35%	$500	-	12 Month CESA
0.30%	$500	-	6 Month Loyalty Rewards IRA
0.30%	$500	-	9 Month IRA
0.30%	$500	-	6 Month Loyalty Rewards Roth IRA
0.30%	$500	-	9 Month Roth IRA
0.30%	$500	-	6 Month Loyalty Rewards CESA
0.30%	$500	-	9 Month CESA
0.25%	$500	-	3 Month Loyalty Rewards IRA
0.25%	$500	-	4 Month Loyalty Rewards IRA
0.25%	$500	-	3 Month Loyalty Rewards Roth IRA
0.25%	$500	-	4 Month Loyalty Rewards Roth IRA
0.25%	$500	-	3 Month Loyalty Rewards CESA
0.25%	$500	-	4 Month Loyalty Rewards CESA
0.20%	$500	-	6 Month IRA
0.20%	$500	-	6 Month Roth IRA
0.20%	$500	-	6 Month CESA
0.15%	$500	-	3 Month IRA
0.15%	$500	-	4 Month IRA
0.15%	$500	-	3 Month Roth IRA
0.15%	$500	-	4 Month Roth IRA
0.15%	$500	-	3 Month CESA
0.15%	$500	-	4 Month CESA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

THE PEOPLES
NCUA #	65861
BankRate Report	View
Year Chartered	1922
Employees	104
Primary Regulator
Assets and Liabilities
Assets	$372.53 million
Loans	$272.66 million
Deposits	$288.20 million
Equity Capital	$39.49 million
Loan Loss Allowance	$3.46 million
Unbacked Noncurrent Loans	$4.48 million
Real Estate Owned	$647,000
Historic Data - December 2010
Assets	$376.50 million
Equity Capital	$41.41 million
Loan Loss Allowance	$2.70 million
Unbacked Noncurrent Loans	$3.90 million
Real Estate Owned	$984,000
Profit Margin - Quarterly
Net Interest Margin	4.79%
Return on Assets	0.13%
Return on Equity	1.2%
Interest Income	$14.96 million
Non-Interest Income	$3.03 million

Institution Health

Overall Score:

4 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 People's Credit Union had $5.13 million in non-current loans and owned real-estate with $42.95 million in equity and loan loss allowances on hand to cover it. This gives People's Credit Union a Texas Ratio of 11.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for People's Credit Union held steady from 11.08% as of December 31, 2010 to 11.94% as of December 31, 2011, resulting in a negative change of 7.80%. This indicates that the balance sheet and financial strength for People's Credit Union has held steady in recent periods.
Deposit Growth
In the past year, People's Credit Union has decreased its total deposits by -$3.1 million, resulting in -1.06% 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 People's Credit Union has shown is below average.
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. People's Credit Union has $372.53 million in assets with $42.95 million in equity, resulting in a capitalization level of 11.53%, which is above average.