Overview / Commentary
1615 Pontiac Ave
Cranston, RI 02920

Cranston Municipal Employees Credit Union is headquartered in CRANSTON and is the 9th largest credit union in the state of Rhode Island. It is also the 2,182nd largest credit union in the nation. It was established in 1946 and as of December of 2018, it had grown to 7 employees and 2,893 members at 1 location. Cranston Municipal Employees Credit Union's money market rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Cranston Municipal Employees CU of Rhode Island is open to the City of Cranston employees, CU employees, and their family members, surviving spouses of deceased members within the boundaries of the defined site listed CU stipulations, and organizations, affiliations, businesses and /or associations that are majority comprised of CU members/stockholders.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Cranston Municipal Employees Credit Union has a relatively low asset base.

Health Grade Components

NCUA #60780
Year Chartered1946
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD2.49%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$57.8MM$57.7MM
LoansQ4 2018vs Q4 2017$10.7MM$10.0MM
DepositsQ4 2018vs Q4 2017$44.8MM$44.5MM
Equity CapitalQ4 2018vs Q4 2017$12.9MM$13.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$47.00K$57.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$13.00K$16.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cranston Municipal Employees Credit Union Savings Account Rates

0.25%$25-Primary Share Account
0.25%--Christmas Club
0.25%--Vacation Club

Cranston Municipal Employees Credit Union Money Market Rates

1.05%*$20k*-Money Market Savings Account
OTHER TIERS: 0.25% $25 - $2k | 0.90% $2k - $20k

Cranston Municipal Employees Credit Union Checking Account Rates

0.15%$500-Checking Account

Cranston Municipal Employees Credit Union CD Rates

3.00%$500-60 Month Certificate
2.80%$500-48 Month Certificate
2.75%$500-36 Month Certificate
2.60%$500-30 Month Certificate
2.50%$500-24 Month Certificate
2.25%$500-18 Month Certificate
2.00%$500-12 Month Certificate
2.00%$500-17 Month Bump Rate Certificate
1.00%$500-6 Month Certificate
0.75%$500-3 Month Certificate

Cranston Municipal Employees Credit Union Locations
Branch Office1615 PONTIAC AVECRANSTON, RI 02920

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