If you want to find a bank that keeps your money close to home and puts it to work for your community (here are four good reasons why you should!), we’ve got a list of community banks and credit unions in Rhode Island.
By our count, there are branches in 35 of our 39 municipalities. You can bank locally in villages from Pascoag to Riverside, and Manville to Chepachet.
Don’t forget to do your research first:
- BankLocal.info provides a rating of how well banks contribute to the health of local economies. For example, Peoples Credit Union merits ⭐️⭐️⭐️(out of three stars) for Strong Impact, compared to Santander’s ⭐️ Weak Impact rating.
- MightyDeposits.com shows you what banks invest in. For example, for every $100 you deposit at Bank Newport, the bank makes $74 of community investments. Compare that to $26 for Bank of America.
- Community credit unions and banks formed to respond to the needs of local people, so learn the history of your bank. For example, Navigant Credit Union launched in 1915 in the basement of Notre Dame Parish in Central Falls to serve Blackstone Valley textile workers.
Bank Newport
Ownership: Stock
Headquartered in: Newport
Branches in: Barrington, Bristol, Coventry, Cranston, East Greenwich, Jamestown, Johnston, Middletown, Narragansett, Newport, North Kingstown, Portsmouth, Providence, Tiverton, Warren, Warwick
Bank Rhode Island
Ownership: Stock
Headquartered in: Providence
Branches in: Coventry, Cranston, East Greenwich, East Providence, Johnston, Lincoln, Middletown, North Kingstown, Pawtucket, Providence, Smithfield, Wakefield, Warwick, Woonsocket
Centreville Savings Bank
Ownership: Mutual
Headquartered in: West Warwick
Branches in: Coventry, Cranston, East Greenwich, Narragansett, North Kingstown, Providence, Warwick, West Greenwich, West Warwick
Community & Teachers Federal Credit Union
Ownership: Cooperative
Headquartered in: East Providence
Coventry Teachers FCU
Ownership: Cooperative
Headquartered in: Coventry
Cranston Municipal Employees Credit Union
Ownership: Cooperative
Headquartered in: Cranston
Greenwood Credit Union
Ownership: Cooperative
Headquartered in: Warwick
Home Loan Investment Bank
Headquartered in: Warwick
Branches in: Cumberland, Newport, Providence, Warwick
Independence Bank
Headquartered in: East Greenwich
Navigant Credit Union
Ownership: Cooperative
Headquartered in: Smithfield
Branches in: Central Falls, Chepachet, Coventry, Cranston, Cumberland, East Greenwich, Greenville, Lincoln, Manville, North Providence, Pawtucket, Riverside, Rumford, Scituate, Slatersville, Smithfield, Wakefield, Warren, Warwick, Woonsocket
Pawtucket Credit Union
Headquartered in: Pawtucket
Branches in: Bristol, Cranston, Cumberland, East Greenwich, East Providence, North Kingstown, North Providence, Pawtucket, Providence, Smithfield, Wakefield, Warwick
Peoples Credit Union
Ownership: Cooperative
Headquartered in: Middletown
Branches in: Bristol, Middletown, Newport, North Kingstown, Portsmouth, Wakefield
Ocean State Credit Union
Ownership: Cooperative
Headquartered in: Coventry
Branches in: Coventry, North Kingstown, West Warwick
Rhode Island Credit Union
Ownership: Cooperative
Headquartered in: Providence
Branches in: Bristol, Cranston, Kingston, Pascoag, Pawtucket, Providence
Washington Trust
Ownership: Stock
Headquartered in: Westerly
Branches in: Block Island, Charlestown, Coventry, Cranston, East Greenwich, East Providence, Johnston, Narragansett, North Kingstown, North Providence, Providence, Richmond, Rumford, Wakefield, Warwick, Westerly
Wave Federal Credit Union
Ownership: Cooperative
Headquartered in: Warwick
Westerly Community Credit Union
Ownership: Cooperative
Headquartered in: Westerly
Branches in: Coventry, Richmond, Wakefield, Westerly
Woodlawn Federal Credit Union
Ownership: Cooperative
Headquartered in: Pawtucket
If we’ve missed any community banks or credit unions, please email us.