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TALKING IT OUT: Sean Daly, center, People’s Credit Union CEO and president, meets with members of his staff at the credit union’s headquarters in Middletown. With Daly is Denise Cole, left, and Cassandra Camara. People’s is among the Rhode Island credit unions that have seen a drop in yearly net income in 2023 and 2024 because of the interest rate environment.  PBN PHOTO/DAVID HANSEN

A TIGHT SQUEEZE: R.I. credit unions trying to shake off drastic...

Cover Story 02/14/2025

It’s times like these that Kathleen C. Orovitz is probably glad she runs a credit union instead of a bank. She’s the CEO and president...

IN THE DRIVER’S SEAT: Frederick Reinhardt, CEO and president of Greenwood Credit Union, says more people were turning to Greenwood and other credit unions for auto loans as interest rates changed over the last year.  PBN PHOTO/MICHAEL SALERNO

Suddenly, auto loans popular at credit unions

Economy 06/09/2023

Frederick Reinhardt immediately noticed something was up – way up – last year shortly after the Federal Reserve began hiking interest rates from nearly...

Study: R.I. student loan debt more than doubles in past 10...

Economy 02/06/2019

PROVIDENCE – Student loan debt in Rhode Island more than doubled in the past decade, according to an Experian study released in December. Student loan...

RHODE ISLANDERS on average have the third-most credit card debt in New England, according to a new study by LendEDU, an online marketplace for financial products. /COURTESY LENDEDU

LendEDU: R.I. has 3rd-most credit card debt in New England

Economic Activity 05/30/2017

PROVIDENCE – Rhode Islanders on average have the third-most credit card debt in New England, and the 15th most in the nation, according to...

CFPB fines Experian $3M

Economic Activity 04/04/2017

WASHINGTON – The Consumer Financial Protection Bureau last month fined Experian, one of the nation’s largest credit-reporting agencies, $3 million based on claims the...

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