Pawtucket Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.50%	18-month CD	15 Month Easy Access CD 1.35% - Ally Bank High Yield 18-Month CD
2.05%	5-year CD	60 Month Bump-Up CD 2.25% - Bank of Internet USA 60 Month CD
0.50%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD

View all Pawtucket Credit Union rates »

Overview / Commentary

www.pcu.org

401-722-2212

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 114^th largest credit union in the nation. It was established in 1926 and as of June of 2017, it had grown to 257 employees and 103,292 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, or nearby communities in Massachusetts or Connecticut.
See current membership details

Bigger Style Credit Union

Posted by: creditunioner | Jun 10, 2014

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.

Comment

3

Dropped Rates And Added Fees

Posted by: katkatkat | Jun 13, 2015

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.

Comment

1

A big bank diguised as a Credit Union

Posted by: Ogiee8 | May 23, 2015

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.

Comment

2

Member of Pawtucket Credit Union

Posted by: maeloa2 | Apr 21, 2014

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.

3

Health

A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	67278
Year Chartered	1926
Employees	257
Primary Regulator

Profit Margin
Return on Assets - YTD	0.72%
Return on Equity - YTD	7.63%
Annual Interest Income	$30.4MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$2.05B$1.86B
Loans	Q2 2017vs Q2 2016	$1.81B$1.62B
Deposits	Q2 2017vs Q2 2016	$1.60B$1.45B
Equity Capital	Q2 2017vs Q2 2016	$192.4MM$178.2MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$8.1MM$8.1MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$1.8MM$918.00K
Real Estate Owned	Q2 2017vs Q2 2016	$547.00K$740.00K

Rates

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