Sep, 30, 2025 — THE PEOPLES CREDIT UNION is a federally insured state chartered credit union headquartered in MIDDLETOWN, RI with 6 branch locations and about $810.41 million in total assets. Opened 104 years ago in 1922, THE PEOPLES CREDIT UNION has about 41,834 members and employs 117 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE PEOPLES CREDIT UNION |
|---|---|
| Address: (Main Office) | 858 W Main Rd MIDDLETOWN, RI 02842 |
| Phone: | (401) 846-8930 |
| Fax: | (401) 846-1210 |
| Website: | https://www.peoplescu.com |
| Branches: | 6 branch locations |
| Members: | 41,834 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65861 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1922 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $810,409,210 |
| CEO/Manager: | Sean G Daly |
| Chairperson: | Christopher S Ottiano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,291,337 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 494,802,887 |
| Unsecured Loans | 3,425,964 |
| Other Loans | 173,879,388 |
| TOTAL LOANS | 672,108,237 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,550,604 |
| Land And Building | 15,921,863 |
| Other Fixed Assets | 2,294,108 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,288,025 |
| All Other Assets | 20,400 |
| TOTAL ASSETS | 810,409,210 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 195 |
| Notes & Interest Payable | 111,000,000 |
| Accounts Payable & Other Liabilities | 8,871,004 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 191,081,463 |
| Regular shares | 134,250,329 |
| All Other Shares & Deposits | 294,526,942 |
| TOTAL SHARES & DEPOSITS | 619,858,734 |
| TOTAL LIABILITIES | 739,737,354 |
| Regular Reserve | 0 |
| Other Reserves | 1,916,139 |
| Undivided Earnings | 68,755,717 |
| TOTAL EQUITY | 70,671,856 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 810,409,210 |
| INCOME & EXPENSE | |
| Loan Income | 22,966,220 |
| Investment Income | 1,732,394 |
| Other Income | 1,928,152 |
| Total Employee Compensation & Benefits | 8,664,372 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,369,266 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -150,019 |
| Cost of Funds | 11,132,654 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,004,263 |
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