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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...

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...
Bruce Newbury

Gifts and giving

Food was at the top of many gift lists during this holiday season of giving. People’s Credit Union donated $10,000 to Farm Fresh Rhode Island...

PCU supports Farm Fresh R.I. with $10K donation, volunteer work

MIDDLETOWN – People’s Credit Union has donated $10,000 to Farm Fresh Rhode Island in support of the organization’s work to empower local farmers and...

Several regional credit unions, banks named among nation’s best by Newsweek

PROVIDENCE – Navigant Credit Union and People's Credit Union were the only financial institutions that conduct business in Rhode Island to earn a five-star...

People’s Credit Union appoints 4 new directors, reelects 2

MIDDLETOWN – People's Credit Union recently elected several members to its board of directors and supervisory committee. Frank Newsome was appointed for a two-year term;...

Marijuana reclassification not expected until after presidential election

WASHINGTON (AP) – A decision on whether to reclassify marijuana as a less dangerous drug in the U.S. won't come until after the November...

PCU’s Costa honored by NEACH for extensive contributions in payments

MIDDLETOWN – Tiffany Costa, head of digital delivery and deposit services at People’s Credit Union, has been named the 2024 Rising Star by the...
CASH-ONLY CROP: Some of the products for sale at the cannabis retail store called Mother Earth Wellness in Pawtucket. Despite the Biden administration’s move to recategorize cannabis as a less-dangerous controlled drug on the federal level, it won’t do much to persuade banks to enter the sector. 
PBN FILE PHOTO/MICHAEL SALERNO

Pot regulation proposal leaves banking problem

The Biden administration’s move to reclassify marijuana as a less-dangerous controlled drug was hailed as a monumental step in reshaping national policy. But it...

People’s Credit Union donates $1,000 to North Kingstown Food Pantry

PROVIDENCE – People’s Credit Union has donated $1,000 to the North Kingstown Food Pantry in support of its commitment to creating a community where...
CREDIT ­ISSUES: Spencer Blier, left, CEO and founder of Mammoth Inc., one of Rhode Island’s licensed cannabis cultivators, in his facility with one of the Mammoth technicians. Because the federal government has not legalized cannabis, banking services and credit card processing are difficult to come by for businesses in the industry. 
PBN FILE PHOTO/MICHAEL SALERNO

Credit card restrictions curbing cannabis sector

People’s Credit Union CEO and President Sean Daly says major credit card companies and financial institutions remain cautious about entering the legal cannabis industry,...
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