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Overview / Commentary
858 W Main Rd
Middletown, RI 02842

People's Credit Union is headquartered in Middletown and is the 4th largest credit union in the state of Rhode Island. It is also the 567th largest credit union in the nation. It was established in 1922 and as of December of 2013, it had grown to 108 employees and 29,255 members. People's Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in People's Credit Union is available to corporations, partnerships, sole proprietorships, voluntary associations, fraternal organizations, trusts, limited liability companies and individuals regardless of residence or occupation. - See Details

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Data for Q4 2013

Institution Health


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, 2013 People's Credit Union had $5.2 million in non-current loans and owned real-estate with $44.38 million in equity and loan loss allowances on hand to cover it. This gives People's Credit Union a Texas Ratio of 11.71% 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 experienced no significant changes from 10.03% as of December 31, 2012 to 11.71% as of December 31, 2013, resulting in a negative change of 16.81%. This indicates that the balance sheet and financial strength for People's Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, People's Credit Union has increased its total deposits by $13.82 million, resulting in 4.57% 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 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. People's Credit Union has $379.86 million in assets with $44.38 million in equity, resulting in a capitalization level of 11.68%, which is excellent.

Institution Statistics

NCUA #65861
Year Chartered1922
Primary Regulator
Assets and Liabilities
Assets$379.86 million
Loans$302.41 million
Deposits$316.06 million
Equity Capital$40.69 million
Loan Loss Allowance$3.70 million
Unbacked Noncurrent Loans$4.31 million
Real Estate Owned$885,000
Historic Data - December 2012
Assets$388.01 million
Equity Capital$39.05 million
Loan Loss Allowance$3.70 million
Unbacked Noncurrent Loans$4.31 million
Real Estate Owned$547,000
Profit Margin - Quarterly
Net Interest Margin4.4%
Return on Assets0.25%
Return on Equity2.36%
Interest Income$14.06 million

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People's Credit Union Savings Account Rates

0.25%$50k-Personal Premium Savings
0.10%$50k-Business Premium Savings
0.05%$100-Business Savings
0.05%$100-IRA Account
0.05%--Holiday Club Account
0.05%--Basic Savings
0.05%$100-Roth IRA Account
0.05%$100-Coverdell Education Savings Account

People's Credit Union Money Market Rates

0.25%$75k-Business Money Market
0.25%$75k-Personal Money Market

People's Credit Union Checking Account Rates

0.05%--Interest Checking
0.05%--Business Interest Checking

People's Credit Union CD Rates

2.00%$500-60 Month CD
2.00%$500-Business 60 Month CD
1.50%$500-48 Month CD
1.50%$500-Business 48 Month CD
1.05%$500-36 Month CD
1.05%$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

2.00%$500-60 Month IRA (Traditional,Roth,CESA)
1.50%$500-48 Month IRA (Traditional,Roth,CESA)
0.80%$500-24 Month Loyalty Rewards IRA (Traditional,Roth,CESA)
0.70%$500-24 Month IRA (Traditional,Roth,CESA)
0.65%$500-18 Month Loyalty Rewards IRA (Traditional,Roth,CESA)
0.55%$500-18 Month IRA (Traditional,Roth,CESA)
0.45%$500-12 Month Loyalty Rewards IRA (Traditional,Roth,CESA)
0.40%$500-9 Month Loyalty Rewards IRA (Traditional,Roth,CESA)
0.35%$500-12 Month IRA (Traditional,Roth,CESA)
0.30%$500-6 Month Loyalty Rewards IRA (Traditional,Roth,CESA)
0.30%$500-9 Month IRA (Traditional,Roth,CESA)
0.25%$500-3 Month Loyalty Rewards IRA (Traditional,Roth,CESA)
0.25%$500-4 Month Loyalty Rewards IRA (Traditional,Roth,CESA)
0.20%$500-6 Month IRA (Traditional,Roth,CESA)
0.15%$500-3 Month IRA (Traditional,Roth,CESA)
0.15%$500-4 Month IRA (Traditional,Roth,CESA)

People's Credit Union Locations
Branch Office43 Memorial BlvdNewport, RI 02840
Branch Office150 Old Tower Hill RdWakefield, RI 02879
Branch Office50 Gooding AveBristol, RI 02809
Branch Office7490 Post RdN Kingstown, RI 02852
Branch Office2537 E Main RdPortsmouth, RI 02871
Branch Office858 W Main RdMiddletown, RI 02842