Why People’s Credit Union?

What is a Credit Union?

Credit unions offer member ownership, personalized service, and a focus on member benefits and financial education. These qualities set credit unions apart from traditional banks and make them a popular choice for individuals seeking a more community-oriented and member-centric banking experience.

Member Ownership

Credit unions are not-for-profit financial cooperatives owned and operated by their members. When you become a member of a credit union, you become a part-owner. This member-centric structure means that credit unions are focused on serving the best interests of their members rather than maximizing profits for shareholders. As a result, credit unions often offer higher interest rates on savings accounts, lower interest rates on loans, and fewer fees compared to traditional banks. Become a member today!

Branch Manager Photo, group shot

Personalized Service

Credit unions are known for providing personalized and community-oriented service. People’s Credit Union works hard to ensure we have the right products and services for our members at every step of their financial journey. We build relationships with our members and provide individualized financial guidance. We believe in the can-do spirit. We believe in the power of community. We believe in supporting local businesses. We believe in giving back. And we believe that people should always come first when it comes to banking.

couple looking over finances and computer

Community Impact

Credit unions have a significant community impact due to their cooperative structure and localized approach. Unlike traditional banks, credit unions are rooted in the communities they serve and actively contribute to their development. They often support local businesses by providing loans and financial services, fostering economic growth, and creating employment opportunities. Credit unions also prioritize community outreach, sponsoring events, volunteering, and collaborating with local organizations to address community needs.

Our Core Values


We will be a reliable and honest partner.


We will create an actively engaged culture built on a foundation of high trust.


We are determined to ensure every interaction is aligned with credit union values of quality, equity and helping one another.


We will listen to understand and compassionately support your needs.


We will offer useful and practical solutions for your most challenging situations.

Watch Our Video to Learn More About Our Core Values and our Commitment to Local Communities

Wheel graphic of the People's Credit Union logo

About Our “Propeller”

The propeller is a metaphor for continually moving forward. For us, it’s about being there to help direct you as a member while you navigate your ever-changing course. It signifies our ability and commitment to be ready for you whenever you need us.

To us, it’s more than a brand icon. It represents who we are, how we started, and where we’re going. Displayed boldly in our logo and worn proudly on our apparel, the propeller is a symbol of our longstanding history as a credit union built to help advance each community we serve, and a visual representation of our tagline “You Belong Here.” Our heritage is tied not only to Newport where we started nearly 100 years ago, but to every surrounding community we serve. Look closely and you’ll see a ring of 7 apostrophes, each representing one of our founders – underscoring the time-honored ideals that still guide us today.

But those apostrophes in our logo reflect the one in the People’s name too, and that speaks to something even more important – member ownership. Because we, by definition, are The People’s Credit Union. Your credit union.

Our Branch Locations

People’s Credit Union has six convenient branch locations throughout the state of Rhode Island to help better serve our members.