EIN 05-0197075

Coastal1 Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
342
Year formed
1928
Most recent tax filings
2023-12-01
Description
Coastal1 Credit Union is a cooperative financial institution committed to serving the financial needs of its members in order to help them attain their financial goals. The credit union is organized for the benefit of its members and dedicates itself to providing outstanding service. At December 31, 2022, Coastal1 had loans totaling $2,747,874,017 due from members and member deposit accounts totaling $2,382,562,691. Additionally, safe deposit fees of $118,253 were received.
Also known as...
Pawtucket Credit Union
Total revenues
$137,130,775
2023
Total expenses
$122,999,124
2023
Total assets
$3,322,745,503
2023
Num. employees
342
2023

Program areas at Coastal1 Credit Union

The Credit Union is dedicated to serving its members. The Credit Union had loans totaling $2,932,303,594 due from members and member deposit accounts totaling $2,433,213,331 at december 31, 2023. In addition, safe deposit fees of $121,163 were received from members for rentals in 2023.

Grants made by Coastal1 Credit Union

GranteeGrant descriptionAmount
St Raphael AcademyCharitable Contributions$30,000
Pawtucket Central Falls Development CorporationCharitable Contributions$12,000
The Learning Commnunity Charter SchoolCharitable Contributions$10,000
...and 1 more grant made

Personnel at Coastal1 Credit Union

NameTitleCompensation
Brian AzarPresident and Chief Executive Officer$720,877
Timothy M JermainExecutive Vice President and Chief Operating Officer / Senior Vice President and Business Development and Marketing$269,079
Valerie J PimentaPresident and Chief Executive Officer / Executive Vice President and Chief Financial Officer / Senior Vice President and Chief Financial Officer / Vice President and Controller$368,669
Jeffrey KolarikSenior Vice President and Chief Information Officer$314,028
Donna GregsonExecutive Vice President Retail / Executive Vice President and Retail Admin. / Senior Vice President and Retail Admin. / Senior Vice President and Retail Administration$317,068
...and 6 more key personnel

Financials for Coastal1 Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$114,007,298
Investment income and dividends$9,820,178
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$4,615
Net gain from sale of non-inventory assets$562,483
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,736,201
Total revenues$137,130,775

Form 990s for Coastal1 Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-06990View PDF
2022-122023-10-06990View PDF
2021-122022-09-06990View PDF
2020-122021-08-10990View PDF
2019-122020-11-19990View PDF
...and 11 more Form 990s
Data update history
January 11, 2025
Posted financials
Added Form 990 for fiscal year 2023
December 25, 2024
Updated personnel
Identified 2 new personnel
November 26, 2024
Updated personnel
Identified 1 new personnel
December 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
State / local levelProvides scholarships
General information
Address
1200 Central Ave
Pawtucket, RI 02861
Metro area
Providence-Warwick, RI-MA
County
Providence County, RI
Website URL
coastal1.org/ 
Phone
(401) 722-2212
IRS details
EIN
05-0197075
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1928
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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