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 849th largest credit union in the nation. It was established in 1946 and as of March of 2019, it had grown to 74 employees and 26,781 members at 6 locations. Rhode Island Credit Union's money market rates are 70% higher than the national average, and it 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
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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.
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67269 |
| Year Chartered | 1946 |
| Employees | 74 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 5.2% |
| Annual Interest Income | $2.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $285.0MM$277.1MM |
| Loans | Q1 2019vs Q1 2018 | $229.3MM$197.6MM |
| Deposits | Q1 2019vs Q1 2018 | $254.3MM$248.1MM |
| Equity Capital | Q1 2019vs Q1 2018 | $27.2MM$25.8MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $850.00K$735.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $389.00K$257.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Rhode Island 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.
Rhode Island Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | IRA Share Account | |
| 0.10% | $1k | - | Capital Account | |
| 0.05% | $100 | - | Prime Share Account | |
| 0.05% | - | - | Vacation Club Account | |
| 0.05% | - | - | Christmas Club Account |
Rhode Island Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $75k* | - | Money Market Savings Account | ||
| OTHER TIERS: 0.65% → $2.5k - $25k | 0.70% → $25k - $75k | |||||
Rhode Island Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $2.5k | - | Investment Plus Checking Account |
Rhode Island Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $500 | - | 42 Month CD | |
| 1.90% | $500 | - | 30 Month CD | |
| 1.75% | $500 | - | 24 Month CD | |
| 1.50% | $500 | - | 18 Month CD | |
| 0.50% | $500 | - | 12 Month CD | |
| 0.25% | $500 | - | 6 Month CD | |
| 0.15% | $500 | - | 3 Month CD |
Rhode Island Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $500 | - | 42 Month IRA | |
| 1.90% | $500 | - | 30 Month IRA | |
| 1.75% | $500 | - | 24 Month IRA | |
| 1.50% | $500 | - | 18 Month IRA | |
| 0.50% | $500 | - | 12 Month IRA |
| Rhode Island Credit Union Locations | ||
|---|---|---|
| Branch Office | 50 Lower College Rd URI Memorial Union | Kingston, RI 02881 |
| Branch Office | 390 Metacom Ave | Bristol, RI 02809 |
| Branch Office | 860 Reservoir Ave | Cranston, RI 02910-4414 |
| Branch Office | 480 Metacom Ave | Bristol, RI 02809 |
| Branch Office | 60 N Main St | Pascoag, RI 02859-3137 |
| Branch Office | 160 Francis St | Providence, RI 02903-1118 |