People's Credit Union

Overview / Commentary
858 W Main Rd
Middletown, RI 02842

People's Credit Union is headquartered in Middletown and is the 4th largest credit union in the state of Rhode Island. It is also the 586th largest credit union in the nation. It was established in 1922 and as of March of 2024, it had grown to 114 employees and 40,170 members at 6 locations. People's Credit Union's CD rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

People's Credit Union is open to anyone. Please see online application for more information.
See current membership details

Reviews (2)

Terrible Management

Posted by: |

They let the best manager they ever had go unjustly. This manager had managed almost every branch they had. I lived in Narragansett and followed him to every branch he worked. Dennis would go above and beyond for me. He would even balance my check book for me. He was the best. I will certainly open my accounts at the next employer who is lucky enough to have him. The situation was a mistake that never should have happened and had nothing to do with his employment. As a matter of fact it is my understanding a more serious situation along the same lines as what happened to Dennis occurred with another Employee only that situation was legitimate and the promoted that employee. Do not ever work for this company RUN and since they are so unfair to their employees imagine how they will treat their members

A Little Bit Fishy And Unpleasant

Posted by: |

They offered a credit card that gave 3 points on some purchases. What they didn't say is that this really isn't 3%. The points are worth less, and so it turned out to be about 1.3%. I talked to them when I realized this, but they think it is perfectly fine to do this.

I think this is deceptive advertising, so I no longer trust them about anything.

Update in 2019: The other cus locally seem very nice. Their employees are pleasant and helpful. Not so with People's. Also People's for a long time has had the lowest rates on CDs in the area. I came into People's recently to withdraw my IRA RMD (required minimum distribution) and the employee was snarky, said I couldn't take it out, that I was breaking a contract about the account, all of which was not true. I had to email the branch supervisor and come in a second time to do this.

Update in 2020: They don't offer two factor authentication, so they are less secure than other local financial institutions. I have moved almost all of my savings elsewhere. Frankly, I don't know how they stay in business.


Health Grade Components

NCUA #65861
Year Chartered1922
Primary Regulator
Profit Margin
Return on Assets - YTD-0.09%
Return on Equity - YTD-0.96%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$712.1MM$689MM
LoansQ1 2024vs Q1 2023$578.2MM$545.9MM
DepositsQ1 2024vs Q1 2023$561.2MM$554.9MM
Equity CapitalQ1 2024vs Q1 2023$64.7MM$62.7MM
Loan Loss AllowanceQ1 2024vs Q1 2023$2.3MM$3.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.4MM$696K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not People's 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.

People's Credit Union Savings Account Rates

0.50%*$0$5kSave myChange
OTHER TIERS: 0.05% $5k+
0.05%$100-Business Savings
0.05%$100-IRA Statement Savings
0.05%$0-Holiday Club Account
0.05%$0-Basic Savings

People's Credit Union Money Market Rates

3.00%$2.5k-Max Yield Money Market
3.00%$2.5k-Business Max Yield Money Market
0.25%*$75k*-Business Money Market
OTHER TIERS: 0.10% $2.5k - $25k | 0.15% $25k - $75k
0.25%*$75k*-Personal Money Market
OTHER TIERS: 0.05% $2.5k - $25k | 0.10% $25k - $50k | 0.15% $50k - $75k

People's Credit Union Checking Account Rates

0.10%*$5k*-Business Interest Checking
OTHER TIERS: 0.05% $0 - $5k
0.10%*$1.5k*-Max Yield Checking
OTHER TIERS: 0.05% $0 - $1.5k
0.05%$0-myDirect Interest Checking

People's Credit Union CD Rates

4.50%$500-7 Month CD
4.00%$500-10 Month CD
3.75%$500-6 Month CD
3.51%$500-18 Month CD
3.25%$500-15 Month CD
3.00%$500-9 Month CD
3.00%$500-12 Month CD
0.65%$500-60 Month CD
0.55%$500-48 Month CD
0.45%$500-36 Month CD
0.40%$500-30 Month CD
0.35%$500-24 Month CD
0.10%$500-3 Month CD

People's Credit Union IRA Rates

4.50%$500-7 Month IRA
4.00%$500-10 Month IRA
3.75%$500-6 Month IRA
3.51%$500-18 Month IRA
3.25%$500-15 Month IRA
3.00%$500-9 Month IRA
3.00%$500-12 Month IRA
0.65%$500-60 Month IRA
0.55%$500-48 Month IRA
0.45%$500-36 Month IRA
0.40%$500-30 Month IRA
0.35%$500-24 Month IRA
0.10%$500-3 Month IRA

People's Credit Union Locations
Branch Office43 Memorial BlvdNewport, RI 02840
Branch Office150 Old Tower Hill RdWakefield, RI 02879
Branch Office50 Gooding AveBristol, RI 02809
Branch Office7490 Post RdN Kingstown, RI 02852
Branch Office2537 E Main RdPortsmouth, RI 02871
Branch Office858 W Main RdMiddletown, RI 02842

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