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Following the crisis, all Rhode Island banks are now insured by federal entities. DEPCO's debts were settled by August 30, 2000, and it ceased operations in January 2003, in what the Credit Union Journal called "the final chapter in the worst scandal in credit union history."
Operation Clean Government is a nonpartisan, nonprofit citizens' lobby and advocacy organization. The organization was founded in 1993 by Bruce R. Lang and others through the union of three Rhode Island good government groups (Operation Clean Sweep, Rhode Island Taxpayers Association (RITA), and UsPAC) that had formed in response to the credit union crisis in 1991 (45 banks and credit unions ...
Rhode Island acquired a reputation for opposing a closer union with the other former British colonies that had formed the United States of America. [1] [2] It vetoed an act of the Congress of the Confederation which earned it a number of deprecatory nicknames, including "Rogue Island" and "the Perverse Sister".
Designate a beneficiary for each of your accounts with the bank, credit union or financial institution that manages them. Depending on the type of account, you’ll have a POD or TOD designation.
Citizens was established in 1828 as the High Street Bank in Providence, Rhode Island. In 1871, the Rhode Island legislature gave a second charter to establish the Citizens Savings Bank which eventually acquired its parent group to form Citizens Trust Company. The bank then expanded through Rhode Island, opening a total of 29 branches in that ...
e. The National Credit Union Administration ( NCUA) is an American government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions.
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During the American Civil War, Rhode Island was the first Union state to send troops in response to President Lincoln's request for help from the states. Rhode Island furnished 25,236 fighting men, of whom 1,685 died.
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