People’s Credit Union has been ranked by Forbes as one the best-in-state and nationwide credit unions for the second year in a row. As part of their annual survey of the Best Credit Unions in each state, Forbes went directly to their customers, partnering with market research firm Statista to conduct in-depth interviews of more than 26,000 U.S. citizens from all fifty states on their banking relationships. Respondents answered a detailed battery of questions focused on six separate facets of the relationship: Trust, terms & conditions (including reasonable and transparent fees), branch services, digital services, customer service, and financial advice. Based on a scale of 1-100, overall scores ranged from 73.95 and 92.54, with 171 unique credit unions nationwide qualifying to earn best-in-state accolades, representing just 3.4% of all U.S credit unions. People’s Credit Union was the only Credit Union in Rhode Island to exceed Forbes’ criteria to be included in the ranking two years in a row.
“Earning this distinction two years in a row is a real testament to our team, without whom nothing even close to this designation would be possible,” stated Sean Daly, President & Chief Executive Officer for People’s Credit Union… “As Forbes points out, ’credit unions are the unheralded lifeblood of the U.S. economy…,’ and at People’s we know that to be true now more than ever,” Daly concluded.
Forbes in partnership with research firm Statista published their annual financial institution ranking report in June 2022.
