Coastal1 Credit Union
Coastal1 Credit Union is a cooperative financial institution organized as a credit union for the benefit of its members. The credit union is committed to serving the financial needs of its members to help them attain their financial goals.
Coastal1 Credit Union at a glance
In short: Coastal1 Credit Union gave $49K across 5 grants in 2024 (avg $10K), mostly in Rhode Island. Source: 2024 IRS Form 990 filing.
- Annual giving (2024)
- $48,500
- -19.8% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $9,700
- -35.9% vs 2023
- Median grant
- $10,000
- Total assets
- $3,342,555,316
- +0.6% vs 2023
- Primary geography
- Rhode Island (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated September 2026.
Who Coastal1 Credit Union funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Pawtucket Central Falls Development Corp ($10K). Together the top 5 received $49K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 36 grants of 36 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Coastal1 Credit Union gives
- Giving held roughly steady from 2021 to 2024 (−8%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $49K (2024) to $174K (2020). In 2024 it made 5 grants totaling $49K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pawtucket Central Falls Development Corp Pawtucket, RI | Charitable Contributions | $10,000 |
| Saint Raphael Academy Pawtucket, RI | Charitable Contributions | $10,000 |
| The Learning Community Public Chart Central Falls, RI | Charitable Contributions | $10,000 |
| Mount Saint Charles Academy Woonsocket, RI | Charitable Contributions | $10,000 |
| YMCA of Pawtucket Pawtucket, RI | Charitable Contributions | $8,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,342,555,316 | $157,722,319 | $149,070,531 | $48,500 | 5 | $13,099,949 |
| 2023 | $3,322,745,503 | $137,130,775 | $122,999,124 | $60,500 | 4 | $10,382,661 |
| 2022 | $3,132,689,831 | $105,557,200 | $73,835,056 | $66,000 | 6 | $5,132,208 |
| 2021 | $2,840,412,596 | $91,925,616 | $56,688,643 | $52,857 | 6 | $3,298,362 |
| 2020 | $2,654,417,449 | $92,008,258 | $71,765,315 | $173,500 | 15 | $5,718,983 |
About Coastal1 Credit Union
Based on IRS filings
Coastal1 Credit Union is a nonprofit organization, based in Pawtucket, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3B in total assets. In 2024, it awarded 5 grants totaling $49K. Net investment income was $13.1M.
Leadership & Key People
Officers and directors from IRS filings
Coastal1 Credit Union is led by Brian Azar, President & CEO on every filing since 2021; all 22 officers listed in 2024 are compensated.
Officers on the 2024 filing
Brian Azar
President & CEO
On filings since 2021
40 hrs/week
$351K (2021) → $720K (2024)
Ronald W. Leclair
Chairman
On filings since 2020
12 hrs/week
$51K (2020) → $84K (2024)
Frank P. Casarella
Director
On filings since 2020
5 hrs/week
$15K (2020) → $28K (2024)
Kevin Tracey
Director
On filings since 2020
5 hrs/week
$22K (2020) → $35K (2024)
Lawrence J. Monastesse
Director
On filings since 2020
5 hrs/week
$15K (2020) → $28K (2024)
LINDA C Moffat
Director
On filings since 2020
5 hrs/week
$15K (2020) → $28K (2024)
Mario Carlucci
Director
On filings since 2020
5 hrs/week
$15K (2020) → $28K (2024)
Richard H. Leclerc
Director
On filings since 2020
5 hrs/week
$15K (2020) → $28K (2024)
John Z Luo MD
Director
On filings since 2023
5 hrs/week
$15K (2023) → $28K (2024)
Jaqueline Ash
Director
New on the 2024 filing
5 hrs/week
$19K (2024)
Donna Gregson
Executive Vice President Retail
On filings since 2020
40 hrs/week
$271K (2020) → $296K (2024)
John B. Richer Jr.
Treasurer
On filings since 2020
7 hrs/week
$28K (2020) → $61K (2024)
LYNN am WEINSTEIN
Vice Chairman
On filings since 2020
7 hrs/week
$30K (2020) → $63K (2024)
Mark Mclaughlin
Vice President & Mortgage Origination
On filings since 2020
40 hrs/week
$430K (2020) → $276K (2024)
Paul F. Lefebvre
Secretary
On filings since 2020
7 hrs/week
$28K (2020) → $61K (2024)
Valerie J Pimenta
Executive Vice President & CFO
On filings since 2020
40 hrs/week
$297K (2020) → $428K (2024)
Patricia Webb
Senior Vice President, Residental & Retail Lendin
Senior Vice President, Residental & Retail Le → Senior Vice President, Residental & Retail Lending, 2023
Senior Vice President, Residental & Retail Lending → Senior Vice President, Residental & Retail Lendin, 2024
On filings since 2021
40 hrs/week
$301K (2021) → $302K (2024)
Kevin Farrell
Senior Vice President & Commercial Lending
On filings since 2022
40 hrs/week
$294K (2022) → $335K (2024)
Robert Gotti
Senior Vice President & Business Development
Senior Vice President Business Development → Senior Vice President & Business Development, 2023
On filings since 2022
40 hrs/week
$302K (2022) → $291K (2024)
Jeffrey Kolarik
Senior Vice President & CIO
On filings since 2023
40 hrs/week
$314K (2023) → $343K (2024)
Kathleen Doherty
Senior Vice President
New on the 2024 filing
40 hrs/week
$268K (2024)
Ken Fredriksen
Executive Vice President & CFO
New on the 2024 filing
40 hrs/week
$126K (2024)
Former officers (8)
- Former: Karl A. Kozak (2020–2023) — Director
- Former: Timothy M. Jermain (2020–2023) — Executive Vice President & COO
- Former: Colleen Mooney (2021–2022) — Mortgage Originator
- Former: George J. Charette (2020–2021) — President & CEO
- Former: Odette Avila (2020–2021) — Mortgage Originator
- Former: Roger Ferreira (2020–2021) — Mortgage Originator
- Former: Joseph Silva (2020) — Senior Vice President & Commercial Lending
- Former: William Dawson (2020) — Vice President & Mortgage Origination
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $720K, to Brian Azar (President/CEO). 22 officers or directors reported compensation on that filing.
Frequently asked questions about Coastal1 Credit Union
How much does Coastal1 Credit Union give each year?
Coastal1 Credit Union gave $49K across 5 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $61K across 4 grants.
What is Coastal1 Credit Union's typical grant size?
Coastal1 Credit Union's median grant in 2024 was $10,000, and its average grant was $9,700, across 5 grants on its 2024 IRS Form 990 filing.
Where does Coastal1 Credit Union give grants?
Coastal1 Credit Union gives mostly in Rhode Island: 100% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Pawtucket, RI (3 grants).
Who are Coastal1 Credit Union's largest grantees?
Coastal1 Credit Union's largest 2024 grantees include Pawtucket Central Falls Development Corp ($10,000), Saint Raphael Academy ($10,000) and The Learning Community Public Chart ($10,000), according to its 2024 IRS Form 990 filing. Together they received 62% of its itemized 2024 grant dollars.
How large is Coastal1 Credit Union?
Coastal1 Credit Union reported $3.3B in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $157.7M.
What is Coastal1 Credit Union's EIN?
Coastal1 Credit Union's EIN (Employer Identification Number) is 05-0197075. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Coastal1 Credit Union's focus areas in our free grants database
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