Rhode Island Credit Union

Overview / Commentary
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 836th largest credit union in the nation. It was established in 1946 and as of December of 2023, it had grown to 80 employees and 28,007 members at 7 locations. Rhode Island Credit Union's CD rates are 5X 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

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 Grade Components

NCUA #67269
Year Chartered1946
Primary Regulator
Profit Margin
Return on Assets - YTD-0.02%
Return on Equity - YTD-0.19%
Annual Interest Income$13.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$400.9MM$402.1MM
LoansQ4 2023vs Q4 2022$283.8MM$281.7MM
DepositsQ4 2023vs Q4 2022$358.5MM$353.3MM
Equity CapitalQ4 2023vs Q4 2022$37.7MM$38.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.6MM$900K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$391K$446K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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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

0.20%--IRA Share Account
0.20%--Health Savings 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

1.26%*$75k*- Money Market Savings Account
OTHER TIERS: 0.75% $2.5k - $25k | 1.00% $25k - $75k

Rhode Island Credit Union Checking Account Rates

0.05%$2.5k-Investment Plus Checking Account

Rhode Island Credit Union CD Rates

5.10%$500-6 Month CD
4.25%$500-12 Month CD
4.00%$500-18 Month CD
3.03%$500-24 Month CD
2.52%$500-30 Month CD
0.65%$500-42 Month CD
0.15%$500-3 Month CD

Rhode Island Credit Union IRA Rates

4.25%$500-12 Month IRA
4.00%$500-18 Month IRA
3.03%$500-24 Month IRA
2.52%$500-30 Month IRA
0.65%$500-42 Month IRA

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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