Pawtucket Credit Union is headquartered in Pawtucket and is the 2nd largest credit union in the state of Rhode Island. It is also the 126th largest credit union in the nation. It was established in 1926 and as of December of 2020, it had grown to 295 employees and 126,013 members at 17 locations. Pawtucket Credit Union has an A+ health rating.
Pawtucket Credit Union is open to anyone in the United States.
See current membership details
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.
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.
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.
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.
Overall | |
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NCUA # | 67278 |
Year Chartered | 1926 |
Employees | 295 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.77% |
Return on Equity - YTD | 7.87% |
Annual Interest Income | $82.4MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $2.65B$2.41B |
Loans | Q4 2020vs Q4 2019 | $2.25B$2.10B |
Deposits | Q4 2020vs Q4 2019 | $2.12B$1.94B |
Equity Capital | Q4 2020vs Q4 2019 | $257.1MM$235.7MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $9.9MM$8.0MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $2.5MM$4.7MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | - | - | Debit Card Checking | |
0.10% | $2.5k | - | Direct Checking Plus |