Work-in-progress version of SherPa. Work-in-progress version of SherPa.
Rhode Island
Last updated on 2014-12-01
General
not credit union specific
- Officer Loan Status
- See note
- Officer Loan Comment
- may lend money to employees, but not directors
- Officer Loan Statute
- R.I. Gen Laws §§ 7-6-5, 7-6-32
Credit Union Information
- Split Dollar Process
- Allowed
- Split Dollar Comment
- Reviewed on exam
- Parity Process
- Ask
- Parity Comment
- Friendly
- Parity Statute
- —
- Alternative To Parity Request
- —
- CDA Status
- CDA Comment
- Not specifically mentioned but there is a parity statute, 19-5-25
- Director Compensation Status
- Compensation ok
- Director Compensation Statute
- R.I. Gen. § 19-5-17
- Credit Union Regulator
State Chartered Credit Unions
8 credit unions chartered in Rhode Island
| Name | Charter Number | CEO | Total Assets | Net Worth | CA SD | Concentration |
|---|---|---|---|---|---|---|
| CRANSTON MUNICIPAL EMPLOYEES | 60780 | Brian Ducharme | $71,047,964 | $15,967,539 | $0 | 0% |
| NAVIGANT | 62882 | Gary Furtado | $3,218,866,921 | $317,361,408 | $401,170 | 0.13% |
| THE PEOPLES | 65861 | Sean Daly | $646,382,345 | $71,945,283 | $0 | 0% |
| GREENWOOD | 66594 | Frederick Reinhardt | $699,781,498 | $64,972,990 | $4,784 | 0.01% |
| OCEAN STATE | 66595 | David Root | $335,913,223 | $35,526,761 | $0 | 0% |
| RHODE ISLAND | 67269 | David Suvall | $397,526,399 | $39,199,762 | $0 | 0% |
| WESTERLY COMMUNITY | 67270 | Stephen White | $420,793,998 | $37,324,139 | $0 | 0% |
| COASTAL1 | 67278 | Brian Azar | $2,890,130,554 | $299,229,390 | $26,076,689 | 8.71% |