Frequently Asked Questions

What is a Credit Union?

A credit union is a not-for-profit cooperative organized to promote savings and provide affordable loan rates to members. It is member-owned and controlled through a board of directors elected by the membership.The board establishes and revises policy, sets interest and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at a cooperative which exists to benefit them, not to make a profit.

What makes a credit union different from a bank?

While banks and credit unions can seem very similar at first glance, the major difference between banks and credit unions is the guiding philosophy of “people helping people.” Credit Unions are not-for-profit organizations that exist to serve their Members. Like banks, Credit Unions accept deposits, make loans and provide a wide array of other financial services. But as a member-owned cooperative, credit unions provide a safe place to save and borrow at reasonable rates.

How do I become a Member?

Membership in this Credit Union is available to anyone!

Individuals, Corporations, Partnerships, Sole Proprietorships, Voluntary Associations, Fraternal Organizations, Trusts, and Limited Liability Companies regardless of residence or occupation. 

Become a member of CME Credit Union and take advantage of all that we have to offer. Simply visit our branch location at 1615 Pontiac Ave. Cranston, RI 02920 and open a Member Share Account with a minimum maintained balance of $5.00.

Questions? Give us a call and speak to one of our friendly Member Service Representatives at 401.463.3010.

Where can I do my banking?

Our branch is located at 1615 Pontiac Ave. Cranston, RI. You can also access your CME Credit Union account at a CU Service Center location near you with Co-Op Shared Branching!

Click here for more information about Co-Op Shared Branching.

Click here for more information about how you can take advantage of Co-Op Shared Branching

We are here for you online and on the phone 24 hours a day, seven days a week. Access all of your Credit Union accounts from the privacy and security of your home, office, or mobile device by using our Online Banking and Automated Telephone Banking systems.

Click here for more information about Online Banking & Automated Telephone Banking.



1615 Pontiac Ave, Cranston, RI 02920-4491

M-F: 10am-4.30pm, S-S: Closed

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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.  NMLS ID 699359