The People's Credit Union in Rhode Island vs the state
18.5%Denial rate-0.24 pts vs state
24.1%Decision denial rate+0.95 pts vs state
56.5%Origination rate-3.21 pts vs state
6.75%Median rate0.00 pts vs state
0.20Rate spread (pts)+0.02 pts vs state
$129kMedian applicant income
147Loans originated
48Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 269 | 152 | 19.0% | 5.88% | #32 |
| 2024 | 245 | 129 | 15.9% | 6.88% | #38 |
| 2025 | 260 | 147 | 18.5% | 6.75% | #41 |
What The People's Credit Union lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most The People's Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Newport County | 89 | 45 | 20 | 22.5% |
| Providence County | 66 | 39 | 9 | 13.6% |
| Kent County | 36 | 19 | 7 | 19.4% |
| Washington County | 35 | 25 | 5 | 14.3% |
| Bristol County | 34 | 19 | 7 | 20.6% |
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: 260 applications in 2025, of which 147 were originated and 48 denied.
18.5% of all applications, or 24.1% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans The People's Credit Union originated in Rhode Island in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are The People's 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