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 555th largest credit union in the nation. It was established in 1922 and as of June of 2019, it had grown to 122 employees and 44,838 members at 6 locations. People's Credit Union has an A 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
Related Posts
Terrible Management
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
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 65861 |
| Year Chartered | 1922 |
| Employees | 122 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 7.77% |
| Annual Interest Income | $10.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $523.0MM$473.8MM |
| Loans | Q2 2019vs Q2 2018 | $436.2MM$404.2MM |
| Deposits | Q2 2019vs Q2 2018 | $423.3MM$394.4MM |
| Equity Capital | Q2 2019vs Q2 2018 | $52.0MM$46.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $3.3MM$3.5MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $2.9MM$2.8MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
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
People's Credit Union Money Market Rates
People's Credit Union Checking Account Rates
People's Credit Union CD Rates
People's Credit Union IRA Rates
| People's Credit Union Locations | ||
|---|---|---|
| Branch Office | 43 Memorial Blvd | Newport, RI 02840 |
| Branch Office | 150 Old Tower Hill Rd | Wakefield, RI 02879 |
| Branch Office | 50 Gooding Ave | Bristol, RI 02809 |
| Branch Office | 7490 Post Rd | N Kingstown, RI 02852 |
| Branch Office | 2537 E Main Rd | Portsmouth, RI 02871 |
| Branch Office | 858 W Main Rd | Middletown, RI 02842 |