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People’s Credit Union seeks winter coats for donation drive

MIDDLETOWN – People’s Credit Union is seeking donations for a community coat drive that runs through Nov. 21, according to a news release. New and...

People’s Credit Union partners with senior centers on Centennial Shell Program

MIDDLETOWN – People’s Credit Union recently partnered with local senior centers to promote senior artistic talents. The People’s Credit Union Centennial Shell Program, part of...

People’s Credit Union offers free trees to community

MIDDLETOWN – People’s Credit Union is teaming up with the Arbor Day Foundation to offer free community trees, according to a news release. Under the...

People’s Credit Union awards Centennial Scholarships to high school graduates

MIDDLETOWN – People’s Credit Union recently announced the recipients of its centennial high school scholarship program.   The $1,000-apiece Centennial Scholarship program benefits high school graduates pursuing...

BankRI, Navigant earn top recognitions in Forbes’ 2022 ‘Best in State’...

PROVIDENCE – Bank Rhode Island and Navigant Credit Union recently earned top honors from Forbes as the best-in-state bank and credit union, respectively. The magazine’s...

People’s Credit Union launches new high school student scholarship program

MIDDLETOWN – People’s Credit Union recently announced a new scholarship program for graduating high school students. The Centennial Scholarship Program will give out $1,000 scholarships...
KEEPING TRACK: Spencer Blier, right, founder and CEO of licensed marijuana cultivator Mammoth Inc. in Warwick, watches as Rob Cornell harvests some of the product. Blier says banking and tax accounting are made more difficult because federal law prohibits the cannabis industry. / PBN FILE PHOTO/MICHAEL SALERNO

For cannabis industry, bookkeeping not easy

Stories of cannabis business owners carrying around backpacks filled with cash while doing business are symbolic of an industry saddled with the challenges that...
SITE VISIT: Mark K. W. Gim, president and chief operating officer of Westerly-based Washington Trust Bancorp., demonstrates the bank’s website technology on his iPad in 2018. But the regional bank didn’t abandon its brick-and-mortar strategy, opening several new branches in recent years. / PBN FILE PHOTO/MICHAEL SALERNO

Mobile banking making leaps ahead

FINANCIAL SERVICES Perhaps nothing has transformed banking more than technology. Online and mobile banking are certainly not new. Websites, for example, first came on the scene...
OPENING THE DOOR: Frederick Reinhardt, CEO and president of Greenwood Credit Union, says the Warwick credit union started providing services to cannabis-related businesses in part because of safety concerns over operating a large all-cash enterprise. / PBN PHOTO/MICHAEL SALERNO

Lack of banking hinders R.I.’s cannabis sector

The cannabis industry may be expanding in Rhode Island, but these types of businesses still struggle to find financial institutions that will provide financing...

People’s Credit Union reports record 2020 earnings

MIDDLETOWN – People’s Credit Union brought in a record $4.9 million in income in 2020, according to an annual report published in May. The 2020...
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