Pawtucket Credit Union

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

Pawtucket Credit Union is headquartered in Pawtucket and is the largest credit union in the state of Rhode Island. It is also the 117th largest credit union in the nation. It was established in 1926 and as of September of 2019, it had grown to 276 employees and 120,552 members at 16 locations. Pawtucket Credit Union's money market rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Rhode Island, or in nearby communities in Massachusetts or Connecticut. (membership requirements are listed in the online application)
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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 - YTD0.67%
Return on Equity - YTD6.9%
Annual Interest Income$60.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.39B$2.26B
LoansQ3 2019vs Q3 2018$2.07B$1.98B
DepositsQ3 2019vs Q3 2018$1.91B$1.77B
Equity CapitalQ3 2019vs Q3 2018$232.1MM$214.8MM
Loan Loss AllowanceQ3 2019vs Q3 2018$8.1MM$8.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$4.6MM$2.1MM
Real Estate OwnedQ3 2019vs Q3 2018$0$131.00K
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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

0.45%$2.5k-Business High Yield Savings
0.35%*$25k*-High Yield Savings
OTHER TIERS: 0.25% $25 - $25k
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

1.65%*$10k*-Money Market Special
OTHER TIERS: 0.25% $25 - $2.5k | 1.25% $2.5k - $10k
1.65%*$100k*-Business Money Market
OTHER TIERS: 0.75% $2.5k - $10k | 1.15% $10k - $50k | 1.40% $50k - $100k

Pawtucket Credit Union Checking Account Rates

1.00%--Debit Card Checking
0.20%$2.5k-Direct Checking Plus

Pawtucket Credit Union CD Rates

1.85%$1k-60 Month Bump-Up CD
1.75%$1k-18 Month CD
1.70%$1k-6 Month CD
1.70%$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-9 Month CD
0.50%$1k-12 Month CD

Pawtucket Credit Union IRA Rates

1.90%$500-6 Month IRA
1.85%$500-60 Month Bump-Up IRA
1.75%$500-18 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%$500-9 Month IRA
0.50%$500-12 Month IRA


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