# The People's Credit Union

> **Canonical URL:** https://saferate.com/lenders/the-peoples-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


The People's Credit Union is a credit union, headquartered in Middletown, RI, serving borrowers across 3 states, with 82 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 17% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 72% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900OVHD0ZZK65EQ86
- **Headquarters:** Middletown, RI
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** CT, MA, RI
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 83.5%
- **Brokered/Wholesale:** 16.5%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 83/100
- Rating: ●●●●● (5/5)

### Pull Through: Acceptable 🙂
- Score: 28/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.036%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $473
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 82
- **Dollar Volume:** $44 million
- **Applications Received:** 139
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $534,390
- **Average Borrower Income:** $212,854
- **Average Property Value:** $783,049

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 33/100 | 68 | -0.003% | $552 | Acceptable 🙂 |
| Jumbo | 62/100 | 14 | -0.200% | $94 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 47 loans, Score: 31/100 (Acceptable)
- Refinance: 21 loans, Score: 38/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 33/100 | 59 | $34M | -0.069% | Acceptable 🙂 |
| Refinance | 38/100 | 23 | $10M | +0.052% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| RI | 58 | 0.54% | 72/100 |
| MA | 23 | 0.04% | 53/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Providence | RI-MA | 62 | 73/100 |

## Where This Lender Ranks

The People's Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#4** in Providence Credit Unions
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/credit-unions)
- 🏆 **#4** in Rhode Island Credit Unions
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/credit-unions)
- 🏆 **#5** in Providence for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#5** in Rhode Island for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/credit-unions/conventional-loans)

## Frequently Asked Questions

### What loan types does The People's Credit Union offer?

The People's Credit Union offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The People's Credit Union offer mortgages?

The People's Credit Union offers mortgages in 3 states: CT, MA, RI.

### How competitive are The People's Credit Union's mortgage rates?

The People's Credit Union has a pricing score of 83/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.036% below market average.

### What type of lender is The People's Credit Union?

The People's Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Middletown, RI.

### What is The People's Credit Union's loan approval success rate?

The People's Credit Union has a pull-through score of 28/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/the-peoples-credit-union

### How to Cite

> "The People's Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-peoples-credit-union

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