Pawtucket Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.75% | 5-year CD | 60 Month Bump-Up CD 1.85% - Synchrony Bank 60 Month CD |
| 0.50% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.25% | Savings | Statement Savings 1.00% - Ally Bank Online Savings Account |
Pawtucket Credit Union is headquartered in Pawtucket and is the largest credit union in the state of Rhode Island. It is also the 115th largest credit union in the nation. It was established in 1926 and as of June of 2016, it had grown to 252 employees and 94,869 members at 15 locations. Pawtucket Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Rhode Island, Massachusetts or Connecticut. (Membership requirements are listed in the credit union's online application)
See current membership details
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.
Dropped Rates And Added Fees
Pawtucket has dropped its rates so that there are several local credit unions with better CD rates. Also, like some other cus (but not all) they now zap you with a $25 fee for transferring an IRA.
A big bank diguised as a Credit Union
Pawtucket Credit Union use to be a great credit union. They no longer work with its customers and have higher fees then an average bank. Their accounts have very little interest to offer. The credit union is expanding so fast and developing multiple locations in the State of Rhode Island that it is no longer your local credit union. It is all about getting "new business" and older customers are left in the dust because they aren't new money. Some of their charges on their checking account is a 10.00 a month maintenance fee, 12.00 bank check fee, 35.00 over draw fee. They offer no good savings account for the average joe, as they require thousands of dollars before you get any really kind of interest. They offer no college fund accounts and their CDs have terrible interest. At one time I would recommend Pawtucket Credit Union but I no longer can with the amount of better options available in the state.
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.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67278 |
| Year Chartered | 1926 |
| Employees | 252 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 7.77% |
| Annual Interest Income | $28.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $1.86B$1.72B |
| Loans | Q2 2016vs Q2 2015 | $1.62B$1.50B |
| Deposits | Q2 2016vs Q2 2015 | $1.45B$1.33B |
| Equity Capital | Q2 2016vs Q2 2015 | $178.2MM$163.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $8.1MM$8.6MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $918.00K$748.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $740.00K$2.1MM |
Always verify rates and promotions with the bank or credit union. We are not Pawtucket Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Pawtucket Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.45% | $2,500 | - | Business High Yield Savings | ||
| 0.35%* | $25k* | - | High Yield Savings | ||
| OTHER TIERS: 0.25% → $25 - $25k | |||||
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35% | $10k | - | High Yield Money Market | ||
| 0.35%* | $2,500* | - | Money Market Statement | ||
| OTHER TIERS: 0.25% → $25 - $2,500 | |||||
Pawtucket Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | - | $1k | Debit Card Checking | ||
| OTHER TIERS: 0.35% → $5k+ | 0.50% → $2,500 - $5k | 0.75% → $1k - $2,500 | |||||
| 0.35% | $2,500 | - | Direct Checking Plus | ||
Pawtucket Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $1k | - | 60 Month Bump-Up CD | |
| 1.75% | $1k | - | 42 Month Bump Up CD | |
| 1.40% | $1k | - | 25 Month CD | |
| 1.35% | $5k | - | 15 Month Easy Access CD | |
| 1.15% | $1k | - | 24 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $500 | - | 60 Month Bump-Up IRA | |
| 1.75% | $1k | - | 42 Month Bump Up IRA | |
| 1.40% | $500 | - | 25 Month IRA | |
| 1.15% | $500 | - | 24 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.