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Local lenders welcome flexibility to work with borrowers under stimulus package

PROVIDENCE – Paycheck relief loans are the topic du jour when it comes to the federal stimulus package and lenders, but that’s not the...
1617 Mineral Spring Ave. (1974)OWNER: Pawtucket Credit UnionTENANT: Pawtucket Credit Union

Local lenders strapped for capacity as PPP opens to new applicants

PROVIDENCE – The initial surge in applications from small business owners clambering to get their shares of a federal payroll relief program have abated...
1617 Mineral Spring Ave. (1974)OWNER: Pawtucket Credit UnionTENANT: Pawtucket Credit Union

Local lenders scramble to process surge of SBA loan applications

PROVIDENCE – Questions continue to emerge as local lenders scramble to keep up with the flood of applications pouring in from small businesses seeking...
THE WASHINGTON TRUST CO. is one of the lenders preparing for heavy demand from small businesses looking to participate in the federal Paycheck Protection Program, starting Friday. / PBN FILE PHOTO/SCOTT KINGSLEY

Stressed local bankers brace for overwhelming demand for new SBA loans...

PROVIDENCE – Local bankers are expecting an onslaught of demand from struggling small businesses looking to get a piece of the nearly $350 billion...

Pawtucket Credit Union adds 2 industry veterans to management team

PAWTUCKET – Pawtucket Credit Union, Rhode Island’s largest credit union, has hired Maria Botelho as vice president of commercial lending and John Scott as...

Health screenings are just the start for PCU

Healthiest Employers of Rhode Island 2019 150-499 EMPLOYEES #4: Pawtucket Credit Union CEO (or equivalent): George J. Charette III, CEO and president Number of employees: 248 BIOMETRIC SCREENINGS...
AT THE READY: A team of Pawtucket Credit Union employees staffs the phones during a Salvation Army and WJAR-TV NBC 10 fundraiser on Thanksgiving.
 / COURTESY PAWTUCKET CREDIT UNION

Pawtucket Credit Union

Best Places to Work 2019 | LARGE COMPANIES (150-499 employees): 7. Pawtucket Credit Union What are your requirements for employees to update and augment their...

PCU announces $104,500 in grants from Community Investment Fund

PAWTUCKET – Pawtucket Credit Union's Community Investment Fund is awarding $104,500 in grants to 11 local nonprofits focused on providing academic support to low-income...

Report: 3 R.I. credit unions among nation’s top 50 performers in...

PROVIDENCE – Rhode Island had three of the nation’s 50 top-performing credit unions in 2018, according to newly released rankings from financial analytics and...
BUCKING THE TREND: Brian A. Azar, senior vice president and chief lending officer at Navigant Credit Union, speaks with Deborah Drechnowicz, center, mortgage underwriting supervisor, and Lisa Grimo, mortgage loan underwriter. Unlike most banks, which saw their mortgage loan volume go down, Navigant reported an 8 percent increase from 2017 to 2018.
 / PBN PHOTO/MICHAEL SALERNO

Mortgage rates increase, loan volume drops during tumultuous 2018

After a tumultuous stock market performance in 2018 – especially during the last month of the year amid holiday celebrations – many banks’ mortgage...

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