Why People's Credit Union

People's Credit Union is a community credit union that has served the people of Rhode Island for more than 85 years.

The Credit Union is owned by its members and is a not-for-profit, cooperative financial institution. Members combine their savings to create a pool of funds from which other members can borrow. Unlike banks, credit unions do not have stock holders. The income earned on loans, investments and fees is returned to members in the form of higher savings rates, lower loan rates and additional products and services. Funds on deposit at a credit union are federally insured by the National Credit Union Association (NCUA), an agency of the U.S. government.

People's Credit Union is a local institution and community oriented, providing friendly, helpful, and efficient assistance to our membership. As a community credit union we subscribe to the philosophy of "people helping people" by financially supporting many other not-for-profit charitable agencies and organizations within the communities we serve.

As a member of People's Credit Union, you are encouraged to attend the Annual Meeting where you may vote to elect a volunteer Board of Directors who oversee the Credit Union's operations. Each member in good standing receives one vote, regardless of their account balance.

Membership in People's Credit Union is available to corporations, partnerships, sole proprietorships, voluntary associations, fraternal organizations, trusts, limited liability companies and individuals regardless of residence or occupation.