Rhode Island Credit Union

Rhode Island Credit Union is headquartered in Providence and is the 6^th largest credit union in the state of Rhode Island. It is also the 782^nd largest credit union in the nation. It was established in 1946 and as of December of 2011, it had grown to 73 employees and 24,978 members. Rhode Island Credit Union's savings rates are 25% higher than the national average, and it boasts a 5-star health rating.

Rhode Island Credit Union Routing Number: 211590493

Rhode Island Credit Union Checking Account Rates

Rhode Island Credit Union Savings Account Rates

Rhode Island Credit Union CD Rates

Data for Q4 2011

Institution Statistics RHODE ISLAND NCUA # 67269 BankRate Report View Year Chartered 1946 Employees 73 Primary Regulator Assets and Liabilities Assets $230.07 million Loans $114.55 million Deposits $200.14 million Equity Capital $25.84 million Loan Loss Allowance $825,000 Unbacked Noncurrent Loans $450,000 Historic Data - December 2010 Assets $215.00 million Equity Capital $26.84 million Loan Loss Allowance $1.05 million Unbacked Noncurrent Loans $350,000 Profit Margin - Quarterly Net Interest Margin 5.83% Return on Assets -0.23% Return on Equity -2.04% Interest Income $7.77 million Non-Interest Income $2.37 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 Rhode Island Credit Union had $450,000 in non-current loans and owned real-estate with $26.66 million in equity and loan loss allowances on hand to cover it. This gives Rhode Island Credit Union a Texas Ratio of 1.69% 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 Rhode Island Credit Union held steady from 1.26% as of December 31, 2010 to 1.69% as of December 31, 2011, resulting in a negative change of 34.47%. This indicates that the balance sheet and financial strength for Rhode Island Credit Union has held steady in recent periods. Deposit Growth In the past year, Rhode Island Credit Union has increased its total deposits by $15.39 million, resulting in 8.33% 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 Rhode Island 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. Rhode Island Credit Union has $230.07 million in assets with $26.66 million in equity, resulting in a capitalization level of 11.59%, which is above average.

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