Rhode Island Credit Union in Rhode Island vs the state
31.0%Denial rate+12.33 pts vs state
36.9%Decision denial rate+13.76 pts vs state
51.7%Origination rate-8.03 pts vs state
6.99%Median rate+0.24 pts vs state
—Rate spread (pts)
$116kMedian applicant income
285Loans originated
171Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 595 | 296 | 35.8% | 6.50% | #13 |
| 2024 | 567 | 284 | 28.6% | 6.99% | #15 |
| 2025 | 551 | 285 | 31.0% | 6.99% | #19 |
What Rhode Island Credit Union lends in Rhode Island
By loan purpose
By loan type
Where in Rhode Island
Counties with the most Rhode Island Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 372 | 181 | 133 | 35.8% |
| Kent County | 76 | 47 | 16 | 21.1% |
| Washington County | 57 | 34 | 11 | 19.3% |
| Bristol County | 28 | 17 | 3 | 10.7% |
| Newport County | 18 | 6 | 8 | 44.4% |
Other large lenders in Rhode Island
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 6,329 | 27.8% | 7.40% |
| Navigant Credit Union | B | 2,847 | 16.1% | 6.50% |
| COASTAL1 Credit Union | B | 1,931 | 24.3% | 6.75% |
| The Washington Trust Company, of Westerly | C | 1,755 | 21.9% | 6.38% |
| Rocket Mortgage | C | 1,430 | 19.7% | 6.75% |
| Movement Mortgage | A | 1,308 | 3.6% | 6.63% |
| Bank of America | F | 1,298 | 39.1% | 6.24% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
Frequently asked questions
Rhode Island: 551 applications in 2025, of which 285 were originated and 171 denied.
31.0% of all applications, or 36.9% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Rhode Island Credit Union originated in Rhode Island in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are Rhode Island Credit Union's own HMDA filing for properties located in Rhode Island, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology