Pawtucket Credit Union

Overview / Commentary
1200 Central Ave
Pawtucket, RI 02861-2200

Pawtucket Credit Union is headquartered in Pawtucket and is the 2nd largest credit union in the state of Rhode Island. It is also the 131st largest credit union in the nation. It was established in 1926 and as of June of 2021, it had grown to 282 employees and 123,908 members at 17 locations. Pawtucket Credit Union has an A+ health rating.

Field of Membership Restrictions

Pawtucket Credit Union is open to anyone in the United States.
See current membership details

Related Posts

36 Month CD - No Penalty For 2 Withdrawals - 4/29/2021

PCU has a new 36 Month CD with a rate of .075% for 36 Months. You are allowed up to two penalty free withdrawals during the 36 month term. Also if you have $25,000 in cash deposits the rate will be increased by .001% increasing the yield to .085% for the 36 month term

Field Of Membership Update - 11/13/2020

We recently posted our field of membership requirements on our website and listed PCU as open to anyone in the U.S. While this is technically correct, our online account opening software currently restricts deposit account applications to RI, MA, and CT. We’re in the process of reviewing this software and additional state account opening requirements in order to accommodate a broader geography. Until we've concluded this review, our field of membership will be noted as RI, MA, and CT. We've revised the membership information on our website to reflect the same. Sincere apologies for the confusion and any inconvenience.

Pawtucket Credit Union Has Open Field Of Membership, Technically - 11/12/2020

Pawtucket Credit Union (easy membership) is currently offering a competitive rate on its 8-month CD. Minimum opening deposit is $1k, with no stated balance cap.

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Reviews (4)

Good Rates, Nice People

Posted by: |

Edited from original 2015 review: They have CDs currently (August 2018) at 3%, and the staff is very nice. I have always found them helpful and pleasant to deal with.

a good local bank

Posted by: |

having banked with the pawtucket credit union for many years, i feel as though they deliver a consistently good experience to the banker. staff is always helpful and generally personable, and there aren't usually long lines, so you can tell that the credit union is decently staffed.

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.

A big bank diguised as a Credit Union

Posted by: |

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.


Health Grade Components

NCUA #67278
Year Chartered1926
Primary Regulator
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD10.81%
Annual Interest Income$39.7MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$2.76B$2.55B
LoansQ2 2021vs Q2 2020$2.30B$2.18B
DepositsQ2 2021vs Q2 2020$2.23B$2.01B
Equity CapitalQ2 2021vs Q2 2020$269.6MM$245.3MM
Loan Loss AllowanceQ2 2021vs Q2 2020$10.6MM$8.6MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.7MM$5.3MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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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

0.15%*$25k*-High Yield Savings
OTHER TIERS: 0.10% $25 - $25k
0.15%*$2.5k*-Business High Yield Savings
OTHER TIERS: 0.10% $25 - $2.5k
0.10%$25-Passbook Savings
0.10%$25-Statement Savings
0.10%$5-Money Club Share Savings
0.10%$25-IRA Savings
0.10%$25-Business Statement Savings

Pawtucket Credit Union Money Market Rates

0.35%*$10k*-Money Market Special
OTHER TIERS: 0.10% $25 - $2.5k | 0.25% $2.5k - $10k
0.35%*$10k*-Business Money Market
OTHER TIERS: 0.10% $25 - $2.5k | 0.25% $2.5k - $10k

Pawtucket Credit Union Checking Account Rates

1.50%*-$20kAdvantage Checking
OTHER TIERS: 0.35% $20k+
0.10%$2.5k-Direct Checking Plus

Pawtucket Credit Union CD Rates

0.60%$1k-36 Month CD
0.60%$1k-48 Month CD
0.60%$1k-60 Month CD
0.50%$1k-24 Month CD
0.45%$1k-18 Month CD
0.40%$5k-15 Month Easy Access CD
0.35%$1k-8 Month CD
0.35%$1k-12 Month CD
0.30%$1k-9 Month CD
0.25%$1k-6 Month CD
0.20%$1k-3 Month CD

Pawtucket Credit Union IRA Rates

0.60%$500-36 Month IRA
0.60%$500-48 Month IRA
0.60%$500-60 Month IRA
0.50%$500-24 Month IRA
0.45%$500-18 Month IRA
0.35%$1k-8 Month IRA
0.35%$500-12 Month IRA
0.30%$500-9 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA


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