Rhode Island

REGULATING AGENCY: Rhode Island Department of Business Regulation; Division of Banking

Rhode Island State House

LEAGUE: Cooperative Credit Union Association

PRIVATE SHARE INSURANCE: No

STATS: (As of Q4 2021)

Total Number of Credit Unions: 18

  • TOTAL # SCUs: 8
  • TOTAL # FCUs: 10
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 44%

Total Assets: $8,763,080,239

  • TOTAL $ SCU ASSETS: $8,422,553,344
  • TOTAL $ FCU ASSETS: $340,526,895
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 96%

Total Members: 466,309

  • TOTAL Members SCUs: 444,971
  • TOTAL Members FCUs: 21,338
  • SCU % OF TOTAL (SCUS/STATE TOAL): 95%

FUN FACT: Rhode Island has no county government. It is divided into 39 municipalities each having its own form of local government.


RECENT NEWS

People’s Credit Union Expands Its Commitment With Rhode Island Athletics

December 9, 2021 / KINGSTON, R.I. – University of Rhode Island Athletics and its athletics multimedia rightsholder, LEARFIELD’s Rhody Sports Properties, announced today an elevated multi-year relationship with People’s Credit Union. Most notably, the community-based financial institution will serve as the first-ever “Official Credit Union of URI Women’s Athletics.”

One key component of the new integrated relationship is a contribution from People’s Credit Union to URI’s “Friends of Women’s Athletics Fund” for each win by a Rhode Island women’s team. Additionally, the unique sponsorship designation provides People’s Credit Union with increased visibility during various women’s home athletic competitions, as well as on official URI social platforms and GoRhody.com.

“As People’s Credit Union’s relationship with URI continues to grow, we are thrilled now to be ‘The Official Credit Union of URI’s Women’s Athletics.’ It will be our largest partnership and we look forward to the student athletes bringing their leadership skills to new community initiatives and youth focused activities that the Credit Union has planned,” stated Sean Daly, President and Chief Executive Officer for People’s Credit Union.

To complement its URI connection further into the community, coaches and student-athletes from URI’s women’s programs will join People’s Credit Union in youth-driven initiatives each year of the agreement. The initiatives will be centered on the importance of teamwork, discipline and other character traits that are vital in both sports and life.

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