2026-04-30T07:33:04-05:00 2025-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2025-01-01 050198580 People's Credit Union PEOP 4018468930 858 West Main Road Middletown RI 02842 Sean Daly Head of Finance and Risk 4018468930 2026-04-29 1 Joseph R Byrne P01289281 2077752387 2026-04-29 2025 2025-03-06 01:10:19Z Sean Daly 858 West Main Road Middletown RI 02842 39120004 0 X www.peoplescu.com X Cooperative Financial Institution 1922 RI State chartered credit union 11 11 140 0 40369 7243 0 0 31801752 36446210 3197076 2653413 0 0 34998828 39099623 82885 220182 0 0 10687454 11633957 0 0 0 23761889 25496479 34532228 37350618 466600 1749005 747015309 807987071 679569720 735362620 67445589 72624451 X The priority of People's Credit Union is to offer value added products and services for the benefit of our existing and prospective members. We are committed to providing convenient delivery of our products and services in a friendly, welcoming, and responsive environment. To ensure ongoing confidence and trust, we will continue to promote our financial strength as an organization. 0 0 People's is a member-owned organization committed to providing superior financial services to the community. People's provided 16,260 loans to members. The outstanding loan balance at 12/31/25 was $653,577,173. People's maintains savings accounts for members. Total outstanding savings accounts at 12/31/25 was 30,366 for $429,301,481. People's maintains demand deposit accounts for members. Total outstanding demand deposit accounts at 12/31/25 was 23,572 for $193,841,549. People's offers safe deposit boxes to members. The number of safe deposit boxes rented is 963. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 9762 0 1 140 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 RI X Eric Schifrine 4018468930 858 West Main Road Middletown RI 02842 Christopher S Ottiano MD Board Chair 2.00 0.00 X X 14800 0 0 Edward T Lopes Jr Board Vice-Chair 2.00 0.00 X X 12400 0 0 Thomas Vignali Board Treasurer 2.00 0.00 X X 12800 0 0 Toni Lyn McGowan Board Secretary 2.00 0.00 X X 12800 0 0 Alyson Adkins Board Member 2.00 0.00 X 10400 0 0 Timothy J DelGiudice Board Member 2.00 0.00 X 10000 0 0 William L Douglas Jr Board Member 2.00 0.00 X 10800 0 0 Terri Marcucci Fitch Board Member 2.00 0.00 X 10800 0 0 Steven Kozlowski Board Member 2.00 0.00 X 10800 0 0 Frank Newsome Board Member 2.00 0.00 X 10400 0 0 John Trifero Board Member 2.00 0.00 X 10400 0 0 Sean Daly Head of People's Credit Union 40.00 10.00 X 480497 0 10500 Patricia Carlin Head of Finance & Risk 40.00 0.20 X 256033 0 8109 William DeWitt Head of Member Delivery & Marketing 40.00 0.50 X 259367 0 40868 Timothy Jermain Head of Lending 40.00 0.00 X 262751 0 29145 Karen Parent Head of Human Resources & Talent 40.00 0.00 X 205117 0 36302 Christopher Eden Head of Information Security & Tech. 40.00 0.00 X 180661 0 15455 Terri Raymond Head of Retail 40.00 0.00 X 189012 0 18528 1959838 0 158907 17 0 1 0 COCC Inc 100 Executive Blvd Southington CT 064891040 Data Processing Services 1642346 Alkami Technology Dept 2223 Dallas TX 753122223 Information Technology 918289 Customized Service Concepts LLC 13 Delta Drive Suite 2 Londonderry NH 03053 ATM Service Provider 434284 Lighthouse Digital Media LLC 6 Penobscot Rd Natick MA 01760 Advertising 354727 Baker Hill Solution 1320 City Center Drive 300 Carmel IN 46032 Consultants 336611 19 Loan Interest 522100 30913511 30913511 Fee & Service Income 522100 5532699 5492330 40369 36446210 2673794 2673794 20381 -20381 -20381 -20381 39099623 36405841 40369 2653413 220182 881539 8449375 464151 1095119 743773 47017 266028 486562 1067457 654669 486903 2834212 43356 82282 14706125 1213452 94602 Data Processing 2337407 Miscellaneous Expenses 835043 Deposit Tax Expense 332964 UBI Tax 8400 37350618 X 26976404 37555318 2049315 2730012 596147056 653577173 572793 839240 32077073 13458083 17795633 18618990 63382747 51768258 4046300 4553800 8365456 9450514 27679605 28893766 747015309 807987071 8347806 8571525 2054909 2648065 669167005 724143030 679569720 735362620 X 0 0 0 0 67445589 72624451 67445589 72624451 747015309 807987071 X 1749005 2708794 721063 X 0 1 X 1 0 5734117 5734117 19566199 9393682 10172517 15095 12592 2503 5204391 4051809 1152582 1557271 1557271 18618990 Deposits 623143030 Federal Home Loan Bank Advances 101000000 724143030 42529480 2708794 721063 3429857 39099623 0 39099623 37350618 0 37350618 0 37350618 Part XI, Line 2d - Other Adjustments: Unrealized Gain on Post Retirement Plans 721,063. 1 Small Business Collective 127 John Clarke Rd Middletown RI 02842 333551337 501(c)(3) 79944 0 General Support University of Rhode Island 75 Lower College Rd Kingston RI 02881 364644408 501(c)(3) 16406 0 General Support Newport County Development Council 513 Broadway Ste 218 Newport RI 02840 050490385 501(c)(3) 10000 0 Presenting Sponsor of Broadway Street FairBroadway Street Fair Dr Martin Luther King Jr Community Center 20 Dr Marcus Wheatland Blvd Newport RI 02840 050271882 501(c)(3) 18000 0 Presenting Sponsor of Broadway Street Fair of the 3 on 3 Youth Basketball Tournament & Community BBQ Aquidneck Island Food Pantry 137 Chase Rd Portsmouth RI 02871 874747104 501(c)(3) 8000 0 Emergency Food Assistance North Kingstown Food Pantry 450 Boston Neck Road North Kingstown RI 02852 050455719 501(c)(3) 8000 0 Emergency Food Assistance East Bay Community Action Program - Tiverton Food Pantry 19 Broadway Newport RI 02840 050310024 501(c)(3) 8000 0 Emergency Food Assistance East Food Pantry 532 Woos St Bristol RI 02809 264757945 501(c)(3) 8000 0 Emergency Food Assistance Jonnycake Center for Hope-Peace Dale 22 Kersey Road Peacedale RI 02879 050374356 501(c)(3) 9000 0 Emergency Food Assistance 10 0 Part I, Line 2: The credit union maintains records of sponsorships and donations to nonprofit organizations and communicates regularly with these nonprofit organizations as part of its business practices. People's Credit Union documents nonprofit status and eligibility of organizations. People's Credit Union has an established Community Development Policy. X 1 1 X X 0 0 0 Sean Daly Head of People's Credit Union 473142 0 0 0 7355 0 10500 0 0 0 490997 0 0 0 William DeWitt Head of Member Delivery & Marketing 240496 0 10000 0 8871 0 7948 0 32920 0 300235 0 0 0 Timothy Jermain Head of Lending 249187 0 10000 0 3564 0 8001 0 21144 0 291896 0 0 0 Patricia Carlin Head of Finance & Risk 243711 0 10000 0 2322 0 4682 0 3427 0 264142 0 0 0 Karen Parent Head of Human Resources & Talent 193875 0 10000 0 1242 0 6458 0 29844 0 241419 0 0 0 Terri Raymond Head of Retail 181575 0 5115 0 2322 0 5769 0 12759 0 207540 0 0 0 Christopher Eden Head of Information Security & Tech. 169851 0 10000 0 810 0 4497 0 10958 0 196116 0 0 0 Form 990, Part VI, Section A, line 6 People's Credit Union is owned by its members. Form 990, Part VI, Section A, line 7a All People's Credit Union members are encouraged to attend the annual meeting, where they may vote to elect the volunteer Board of Directors who oversee the Credit Union's operations. Each member in good standing receives one vote, regardless of their account balance. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the CFO and by the Board of Directors. Form 990, Part VI, Section B, line 12c The Board of Directors, Supervisory Committee and all employees certify annually as to potential conflicts of interest. Form 990, Part VI, Section B, line 15 Peer information is obtained through surveys and utilized in benchmarking compensation. Form 990, Part VI, Section C, line 19 Consolidated financial statements are posted in each branch lobby. Financial information is reported quarterly to the federal regulator and available to the public on their website. The Organization also makes its governing documents and conflict of interest policy available to public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: People's Credit Union 858 West Main Road Middletown, RI 02842 EIN 05-0198580 People's Credit Union is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Unrealized Gain on Post Retirement Plans 721,063. Small Business Collective 127 John Clarke Rd Middletown RI 02842 333551337 Small Business Development RI 501(c)(3) Line 10 People's Credit Union 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Small Business Collective B 79944 Cash Value