Overview / Commentary
160 Francis St
Providence, RI 02903-1118

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 851st largest credit union in the nation. It was established in 1946 and as of June of 2018, it had grown to 73 employees and 26,163 members at 6 locations. Rhode Island Credit Union's CD rates are 11% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership 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

Related Posts

Rhode Island Credit Union Adds 18-Month CD, 3.05% APY - 12/7/2018

Rhode Island Credit Union is offering an 18-month CD earning 3.05% APY. The minimum deposit is $500, with no stated balance cap. Also as an IRA.

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 - YTD0.39%
Return on Equity - YTD4.15%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$278.3MM$273.2MM
LoansQ2 2018vs Q2 2017$203.7MM$184.1MM
DepositsQ2 2018vs Q2 2017$248.6MM$244.6MM
Equity CapitalQ2 2018vs Q2 2017$26.1MM$24.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$800.00K$735.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$288.00K$229.00K
Real Estate OwnedQ2 2018vs Q2 2017$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
0.10%$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

0.25%*$75k*- Money Market Savings Account
OTHER TIERS: 0.15% $2.5k - $25k | 0.20% $25k - $75k

Rhode Island Credit Union Checking Account Rates

0.05%$2.5k-Investment Plus Checking Account

Rhode Island Credit Union CD Rates

3.05%$500-18 Month CD (limited time)
3.05%$500-24 Month CD (limited time)
3.05%$500-30 Month CD (limited time)
3.05%$500-42 Month CD (limited time)
1.00%$500-12 Month CD (limited time)
0.25%$500-6 Month CD
0.15%$500-3 Month CD

Rhode Island Credit Union IRA Rates

3.05%$500-18 Month IRA (limited time)
3.05%$500-24 Month IRA (limited time)
3.05%$500-30 Month IRA (limited time)
3.05%$500-42 Month IRA (limited time)
1.00%$500-12 Month IRA (limited time)

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

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