Applications / Mortgage Analytics / Lenders / Rhode Island / Rhode Island Credit Union
Warwick, RI · Credit union · NCUA · $418 million assets · 306 loans in 2025
Rhode Island Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
306
loans originated, 2025
590
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Rhode Island Credit Union lends mostly for home improvement and refinancing, and its volume held flat in 2025 while similar lenders grew.
Home improvement made up 50.3% of its loans and refinancing 43.8%. Purchases were just 5.9%. Its typical loan was $80,000, against $105,000 at similar lenders, credit unions making between half and twice as many loans. That is smaller than at about four in five of them, which fits a home-improvement lender.
It made 306 loans in both 2024 and 2025, while similar lenders grew 7% and the whole market 10%. One possible reason is its mix: with so few purchase loans, it gains little when home sales pick up. The amount it lent still rose, from $24.6 million to $31.6 million, because its typical loan got bigger.
Low- and moderate-income (LMI) borrowers took 27.8% of its loans, and LMI neighborhoods 15.7%, both near the middle of its peers. So were its share in majority-minority neighborhoods, 13.4%, and its typical rate, 6.99%.
In Providence-Warwick, where it has lent since 1991, it ranked 77 of 475 lenders, with 0.2% of the market, unchanged from 2024. Citizens Bank led there.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Rhode Island Credit Union took 590 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 50.3% · Refinance 43.8% · Purchase 5.9%
Conventional 100.0% · of 306 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Rhode Island | 285 | 93.1% |
| Massachusetts | 20 | 6.5% |
| Connecticut | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Providence-Warwick | 293 |
| Worcester | 7 |
| Boston | 2 |
| Cambridge-Newton-Framingham | 2 |
| Barnstable Town | 1 |
| Norwich-New London-Willimantic | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001B4TX233UP4J06 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 222893 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 567269 | 1991–2017 |
Established 1 January 1946. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Rhode Island Credit Union's data.
Rhode Island Credit Union's data
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Rhode Island Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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