Rhode Island Credit Union


Overview / Commentary
401-751-7440
160 Francis St
Providence, RI 02903

Rhode Island Credit Union is headquartered in Providence and is the 6th largest credit union in the state of Rhode Island. It is also the 834th largest credit union in the nation. It was established in 1946 and as of June of 2022, it had grown to 77 employees and 28,830 members at 7 locations. Rhode Island Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Rhode Island Credit Union is open to anyone who live or work within the state of Rhode Island or within 50 miles of the Rhode Island border.
See current membership details

Reviews (1)

Great service

As a retired State of Rhode Island employee, I originally joined the RI State Employees Credit Union way back in the 1980s when I was hired as a state worker. It was a great way to save, borrow, and access lending options. When I first joined, I had $25 per pay period deposited directly from my paycheck into my credit union savings account. It was not a lot of money, but it added up because before I could get the money it was already in the bank. After about a year, I decided to apply for a loan because I needed a new washer and dryer. It was only a small loan but I was approved right away and the interest rate was much lower than I would have gotten if I had used a credit card. Over the years I applied for car loans, home improvement loans, etc. The credit union was always there for me with the lowest rates and excellent service.



Health

Health Grade Components

Overall
NCUA #67269
Year Chartered1946
Employees77
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD6.26%
Annual Interest Income$5.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$402.3MM$377.1MM
LoansQ2 2022vs Q2 2021$267.3MM$242.2MM
DepositsQ2 2022vs Q2 2021$360.1MM$340.8MM
Equity CapitalQ2 2022vs Q2 2021$37.1MM$32.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$900.00K$1,000.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$424.00K$365.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Rhode Island Credit Union are currently being reviewed.

Locations


Rhode Island Credit Union Locations
Branch Office50 Lower College Rd URI Memorial UnionKingston, RI 02881
Branch Office390 Metacom AveBristol, RI 02809
Branch Office860 Reservoir AveCranston, RI 02910-4414
Branch Office480 Metacom AveBristol, RI 02809
Branch Office60 N Main StPascoag, RI 02859-3137
Branch Office160 Francis StProvidence, RI 02903-1118
Branch Office594 Central AvePawtucket, RI 02861-1956

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