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Announcements

May 15, 2017 - People's Credit Union Executive Vice President & Chief Operating Officer Amy Martel Chosen by PBN for a 2017 Business Women to Watch Award

Providence Business News has awarded Amy Martel, Executive Vice President and Chief Operating Officer of People's Credit Union, a 2017 Business Women to Watch in Financial Services. Each year there is an incredible response to this program from talented and influential women in Rhode Island. It is an accomplishment for Amy to have been nominated and ultimately selected for her achievements.

"People's Credit Union is honored to have nominated Amy Martel for such an important award. Her commitment to our members and the communities we serve, along with her leadership and mentorship of our employees is both commendable and inspiring. This year, Amy will complete the third year of the Credit Union Executive Society's (CUES) CEO Institute, earning the distinction of Certified Chief Executive (CCE).  Amy is a proven leader and certainly a "women to watch," commented Ellen Ford, President and CEO.

Providence Business News is celebrating the 10-year Anniversary of this event and will be recognizing the 2017 award winners at an awards luncheon at the Providence Marriott on May 25th. Providence Business News is solely dedicated to serving the Rhode Island and southeastern Massachusetts business community.


May 11, 2017 - People's Credit Union Announces Appointment of Sean Daly, Executive Vice President and Chief Financial Officer

People’s Credit Union announced the appointment of Sean Daly to the position of Executive Vice President and Chief Financial Officer. In this position, Daly is responsible for the Credit Union’s overall financial plans and policies including budgeting, accounting, and asset liability management, as well as providing strategic vision and leadership in the areas of finance, facilities, and collections.

Daly is an accomplished financial executive with extensive operational experience. Prior to joining People’s Credit Union, he was employed as Chief Financial Officer at Provant Health Solutions LLC in East Greenwich. Prior to Provant Health Solutions LLC, he served as President and Chief Operating Officer at IDT911, LLC, in Providence and Chief Financial Officer at Camden National Corporation in Camden, Maine.

Daly attended Bryant University in Smithfield, where he majored in accounting and graduated with a B.S. in Business Administration. Active in the community, he is currently a Board Member of AS220, an internationally recognized creative arts organization located in Providence.

“Sean is an innovative and accomplished leader with a wealth of diverse experience,” said Ellen Ford, President and CEO. “We are thrilled that he is joining our management team.”


May 4, 2017 - People's Credit Union Donates to The Leukemia and Lymphoma Society Through Fundraiser

People's Credit Union recently donated $2,449 to the Leukemia and Lymphoma Society. The funds were raised through a combination of People's Credit Union employee and member donations, bake sales at each branch location and a spring themed raffle held throughout the month of March in the Credit Union's Portsmouth branch, which has been the top fundraiser for the past three years. This year Teresa Simmons, a teller in Portsmouth, hand painted glassware which was sold in the branch and helped to make this year's donation a huge success. The Leukemia & Lymphoma Society mission is to find cures for leukemia, lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families.

"Since 2006, People's Credit Union has raised over $23,561 with this campaign and is helping LLS to achieve its mission to find a cure for the blood cancers, not someday, but today! The funds creatively raised help support local support groups and provide patient aid, as well as support local researchers finding a cure for leukemia, lymphoma, Hodgkin's disease and myeloma. With the support of local business like People's, a child who is diagnosed with a blood cancer today has an 85% of survival, compared to 4% in 1960," stated Deborah Watterson, Student Series, Campaign Manager at the Leukemia and Lymphoma Society.


May 2, 2017 - People's Credit Union Wins Outstanding Award for the 2017 Annual Work Site Health Awards

The Greater Providence Chamber of Commerce together with Blue Cross Blue Shield of Rhode Island has awarded People's Credit Union an Outstanding Award for the 2017 Annual Worksite Health Awards. This designation honors businesses that have demonstrated an exceptional commitment to helping employees lead healthier lives. "People's Credit Union is proud of the advances we have made to provide wellness resources and information to our employees. We look forward to continuing to provide engaging and innovative ways to improve the health and well-being of our staff," stated Melissa Burton, Vice President of Human Resources.

An awards breakfast will be held at the Warwick Crowne Plaza on June 8th to honor People's along with other RI businesses and organizations that have successfully instituted worksite wellness programs. People's takes pride in instilling worksite wellness programs as one way to keep their employees-and their bottom line-healthier.


April 19, 2017 - People's Credit Union Donates to Jonnycake Center

People’s Credit Union recently donated $700 to the Jonnycake Center in Peace Dale, RI. The funds were raised through a combination of People’s Credit Union employee donations totaling $425 as a result of a monthly dress down day, called Casual for a Cause, as well as an additional $275 from a Red Sox themed raffle held throughout the month of March in the Credit Union’s Wakefield branch located at 150 Old Tower Hill Road.

The Jonnycake Center was opened in 1974 by community members who saw a need for an agency that could help people who might not qualify for support through established agencies. They named it after the jonnycake, a staple food in colonial days, because the founders’ goal was to provide basic necessities for local people in need. The Center was operated from a store front in Wakefield before moving to their present location at the rotary in Peace Dale.

“The Jonnycake Center helps improve the quality of life for individuals and families by providing assistance to those in need, and we are proud to present them with this donation,” said Shayna StPierre, Teller at People’s Wakefield branch.


April 5, 2017 - People's Credit Union Shines the Spotlight on National Financial Literacy Month

April is National Financial Literacy Month and People’s Credit Union is showing their support by working with the Cooperative Credit Union Association on their Better Banking Better Values campaign. Consumers that subscribe to Cox Communications throughout Rhode Island will have the opportunity to view Better Banking, a new monthly 30-minute financial education program that will run weekly; Tuesday’s and Thursday’s at 7 p.m. and Sundays at 2 p.m on the YurView Channel (Cox Cable Channel 4 and 1004.) Paul Gentile, President & CEO of CCUA introduces the Better Banking program, and begins the show by sitting down to talk about financial literacy with Seth Magaziner, General Treasurer of the State of Rhode Island.

People’s Credit Union will be featured in the April episode with Courtney Hunter, Marketing Manager, interviewing Richard Garland, a financial education teacher at North Kingstown High School. Garland has taken an instrumental role in bringing the RI Financial Scholars program, sponsored at no cost to the high school by People’s Credit Union, to his students. Powered by EverFi, a technology-based financial literacy platform, students learn how to make sound financial decisions. Ellen Ford, President & CEO of People’s Credit Union is also interviewed about the important contributions made by Rhode Island Credit Unions and how People’s Credit Union’s product and services are designed help individuals and families achieve financial success. Ford stated, “Financial education is extremely important at People’s Credit Union; we have made it one of our top priorities. We design all of our products to be educational for our members. People’s Credit Union is here to help. That is who we are.”


March 21, 2017 - Five Star People's Credit Union Best of Bauer for Exceeding 25 Years of 5-Star Ratings

People’s Credit Union proudly announces it is once again a top performer, earning a coveted 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank and Credit Union Rating Firm. A five-star rating indicates that People’s Credit Union excels in areas including capital adequacy, profitability, and asset quality. People’s Credit Union has earned and maintained this top honor for 101 consecutive quarters, earning the distinction as a “Best of Bauer” credit union for maintaining a 5-star rating for 25 continuous years or longer.

“People’s Credit Union is a prime example of a credit union excelling at what it was created to do,” explains Karen L. Dorway, president of BauerFinancial. “Its common bond and mutual ownership give its employees and members the same personal investment in the credit union. It makes decisions locally, often for neighbors and friends; and it focuses on quality as opposed to quantity. That focus has paid off for both People’s Credit Union and its membership.”

“At People’s Credit Union, we are committed to providing convenient financial products and extraordinary service to our members,” said Ellen Ford, People’s Credit Union President and CEO. “We have served generations of local residents and we are proud to have maintained a five-star rating for the past 25 years.”

BAUERFINANCIAL, Inc., Coral Gables, Florida the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting bauerfinancial.com.


March 1, 2017 - Ellen Ford, People’s Credit Union President and CEO, Named to The Federal Reserve Bank of Boston Community Depository Institutions Advisory Council

The Federal Reserve Bank of Boston announced recently the appointment of new members to the First District Community Depository Institutions Advisory Council (CDIAC), including People’s Credit Union President and CEO, Ellen Ford. Other members appointed to the council were James E. Graham, President and Chief Executive Officer, Woodsville Guaranty Savings Bank, Robert Miller, President and Chief Executive Officer, VSECU, and Brian J. Murphy, Chairman and Chief Executive Officer, Home Loan Investment Bank. The First District CDIAC’s next meeting will take place on April 6th, 2017.

The Federal Reserve Board of Governors established the CDIAC in 2010 to provide a diverse perspective on the economy, lending conditions, and other issues facing thrift institutions, credit unions, and community banks with different charters and regulators (including state member, state nonmember, and national banks). Members attend two meetings per year at the Federal Reserve Bank of Boston and are asked to share information, offer advice, and make informal recommendations to the Reserve Bank's representatives during active roundtable discussions. The CDIAC members represent the six states in the Federal Reserve's First District: Connecticut (excluding Fairfield County), Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.


February 16, 2017 - People’s Credit Union Joins the Treasurer to Announce Bank Local Program

Ellen Ford, President  & CEO of People’s Credit Union, Steve Carneiro, Business & Residential Lending Manager, and Stephanie Keenan, People’s Credit Union Member & Small Business Owner, joined Deb Ruggiero, State Representative, and Seth Magaziner, Rhode Island General Treasurer, at the State House to announce the launch of the “Bank Local” program.

“People’s Credit Union is pleased to partner with the Treasurer’s Office on the ‘Bank’ Local program”, said Ellen Ford, “this program demonstrates the cooperation between state government and business to strengthen Rhode Island’s small business community. The program is a win-win for everyone involved.” ‘Bank Local’ is Rhode Island’s new community deposit program, where the Treasurer will be bringing money back to Rhode Island by opening deposit accounts with local banks and credit unions.

“As a first-time small business owner, working with People’s Credit Union has been wonderful. People’s took the time to listen to me and really understand my business needs” said Keenan. “I want to thank the Treasurer’s Office for partnering with my Credit Union by providing financial support through The ‘Bank Local’ program. Programs like this one have a positive impact on small business in our state.”


February 10, 2017 - People's Credit Union Donates to Boys Town New England

People's Credit Union recently donated $548 to Boys Town New England as a result of a monthly employee dress down day, called Casual for a Cause. The funds were raised through a combination of People's Credit Union employee donations as well as a painted glassware raffle held throughout the month of January in the Credit Union's Portsmouth branch located at 2537 East Main Road.

Since opening in 1991, Boys Town New England has brought life-changing care to tens of thousands of children and families in Rhode Island and surrounding states. Boys Town New England has five Family Homes that serve adolescents and young children at its Bazarsky Campus. The site also offers Foster Family Services, In-Home Family Services and Community Support Services. For children who have completed Boys Town New England out-of-home programs, Reunification Services are available to help them make a smooth transition back to their families and maintain and improve their treatment gains. These services and programs touch the lives of 8,000 children and families in New England each year.

"Boys Town New England does important work for children and their families throughout New England, and we are pleased to help support their efforts with this donation," said Teresa Simmons, Teller at People's Portsmouth branch.


January 30, 2017 - People’s Credit Union Employee Cookbook Fundraiser for RI Community Food Bank a Success

People’s Credit Union’s Community Enhancement Committee coordinated the creation and sale of an employee cookbook. All proceeds from the sale of the cookbook were donated to the Rhode Island Community Food Bank.

Lisa Roth Blackman, Chief Philanthropy Officer at the Community Food Bank, and Hugh Minor, Director of Communications, met and received the donation in People’s Middletown Branch. The total donation from the sales of the cookbook was $1,182.50. The donation allows the RI Community Food Bank to provide quality food to those in need. The organization relies on support from individuals, corporations, foundations and fundraisers to carry out its mission.

The cookbook featured over seventy recipes ranging from salads and appetizers to main dishes and desserts. The cookbooks were sold to employees and Credit Union members throughout the months of December and January; close to 250 cookbooks were sold. “The People’s Credit Union’s Community Enhancement Committee is always looking for ways to make a difference and thought that sharing tried and true recipes with the community and being able to donate the proceeds to the RI Community Food Bank would be a perfect example of the credit union philosophy of People Helping People. “said Tiffany Costa, Chair of the Community Enhancement Committee.


January 18, 2017 - People’s Credit Union Announces Appointment of Steven Carneiro, Business and Residential Lending Manager

People’s Credit Union is pleased to announce the appointment of Steven Carneiro to the position of Business and Residential Lending Manager. In this position, Mr. Carneiro is responsible for soliciting, developing, and expanding member business relationships, producing a variety of business and commercial loans, managing a portfolio of businesses and corresponding loan relationships, as well as managing the Mortgage Loan Officer team.

Steven resides in West Warwick and has over 20 years of financial services and management experience. Most recently, he held the position of VP Senior Small Business Banker for Bank of America, where he was responsible for building relationships with and improving the profitability of small business customers, while also bringing in new business.

“We are thrilled to have Steve join our team. His financial services experience, along with his in-depth knowledge of both commercial and residential lending will be a great asset to our members and our business members,” said Lyn Dawley, Vice President Lending.


January 3, 2017 - Five Star People’s Credit Union Recognized as One of the Strongest Credit Union's in the Nation 

People’s Credit Union proudly announces it has earned the highest 5-Star Superior rating from BAUERFINANCIALS, the Nation’s Premier Bank and Credit Union Rating Firm.  People’s Credit Union has earned and maintained this top honor for 100 consecutive quarters earning even higher accolades.  People’s Credit union is a “Best of Bauer” credit union for maintaining a 5-star rating for 100 continuous quarters or longer.

Karen L. Dorway, president of BauerFinancial, commends People’s Credit Union for maintaining a strong capital position while fulfilling its commitment to solving the financial needs of its members. “People’s Credit Union isn’t pushing products or services on you that you don’t need or want”, says Dorway. “It is there to provide a service and fill a need, which it has been able to do seamlessly while maintaining its pristine heath.”

“We are committed to providing our members with the highest level of service and the most convenient banking products possible. People's Credit Union is a local, friendly financial institution and our decisions are made right here, with this community's residents best interest in mind.” commented Ellen Ford, People’s Credit Union President and CEO.

BAUERFINANCIAL, Inc., Coral Gables, Florida the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting bauerfinancial.com