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 579th largest credit union in the nation. It was established in 1922 and as of December of 2022, it had grown to 115 employees and 39,404 members at 6 locations. People's Credit Union 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 - YTD0.69%
Return on Equity - YTD7.78%
Annual Interest Income$19.9MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$687.9MM$619.9MM
LoansQ4 2022vs Q4 2021$544.0MM$462.1MM
DepositsQ4 2022vs Q4 2021$551.9MM$550.3MM
Equity CapitalQ4 2022vs Q4 2021$61.1MM$63.3MM
Loan Loss AllowanceQ4 2022vs Q4 2021$3.5MM$3.1MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$903.00K$1.2MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0

Rates for People's Credit Union are currently being reviewed.


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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