EIN 05-0198580

People's Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
146
Year formed
1922
Most recent tax filings
2022-12-01
Description
People's Credit Union prioritizes offering value added products and services for the benefit of its members. As a member-owned organization, People's is committed to providing superior financial services to the community. It provided 15,241 loans to members with an outstanding loan balance of $530,221,890 as of 12/31/21. Additionally, People's maintains demand deposit accounts for its members with a total outstanding balance of $231,545,159 as of 12/31/21.
Total revenues
$26,116,724
2022
Total expenses
$21,364,433
2022
Total assets
$687,852,954
2022
Num. employees
146
2022

Program areas at People's Credit Union

People's is a member-owned organization committed to providing superior financial services to the community. People's provided 15,605 loans to members. The outstanding loan balance at 12/31/22 was $537,669,823.
People's maintains demand deposit accounts for members. Total outstanding demand deposit accounts at 12/31/22 was 23,357 for $225,595,123.
People's maintains savings accounts for members. Total outstanding savings accounts at 12/31/22 was 28,612 for $324,249,456.
People's offers safe deposit boxes to members. The number of safe deposit boxes rented is 1,094.

Grants made by People's Credit Union

GranteeGrant descriptionAmount
United Way of Rhode Island (UWRI)To Fund and Support Local Non-Profit Organizations Located Throughout Rhode Island.$81,000

Personnel at People's Credit Union

NameTitleCompensation
Sean DalyPresident and Chief Executive Officer$524,205
Margaret McGillExecutive Vice President and Chief Financial Officer$229,080
William DewittExecutive Vice President , Chief Marketing Officer$248,960
Christopher EdenVice President Security and Information Technology$169,685
Karen ParentSenior Vice President Human Resources and Talent$188,256
...and 11 more key personnel

Financials for People's Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$24,427,498
Investment income and dividends$1,695,090
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-5,864
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$26,116,724

Form 990s for People's Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-23990View PDF
2021-122022-05-13990View PDF
2020-122021-06-30990View PDF
2019-122021-06-07990View PDF
2019-122021-01-12990OView PDF
...and 10 more Form 990s

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Data update history
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Used new vendors
Identified 2 new vendors, including , and
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Used new vendors
Identified 13 new vendors, including , , , , , , , , , , , , and
May 12, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
Provides scholarships
General information
Address
858 W Main Rd
Middletown, RI 02842
Metro area
Providence-Warwick, RI-MA
Website URL
peoplescu.com/ 
Phone
(401) 846-8930
IRS details
EIN
05-0198580
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1922
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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