People's Credit Union was part of the official ceremony to launch Rhode Island’s new “Bank Local” program.
Bank Local is Rhode Island’s new community deposit program. The state’s treasurer will be bringing money back to Rhode Island by opening deposit accounts with local banks and credit unions.
Ellen Ford, president and CEO of the $459 million, Middletown, R.I.-based CU, said in a statement released Thursday the credit union is, “pleased to partner with the Treasurer’s Office on the Bank Local program. This program demonstrates the cooperation between state government and business to strengthen Rhode Island’s small business community. The program is a win-win for everyone involved.”
Several officials and invited guests were at the Rhode Island State House in Providence to announce the launch of the program. Ford attended, along with Steve Carneiro, business & residential lending manager for People’s CU, Stephanie Keenan, People's CU member and a small business owner, State Representative Deb Ruggiero, and Seth Magaziner, Rhode Island General Treasurer.
“As a first-time small business owner, working with People’s Credit Union has been wonderful,” said Keenan. “People’s took the time to listen to me and really understand my business needs. I want to thank the Treasurer’s Office for partnering with my credit union by providing financial support through the Bank Local program. Programs such as this one have a positive impact on small business in our state.”
People's Credit Union is a state chartered, federally insured, community credit union established in 1922. Membership is open to all individuals.
