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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3B
+0.6% YoY
Annual Giving
$49K
-19.8% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$10K
-35.9% YoY
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,342,555,316 | $3,322,745,503 | $3,132,689,831 |
| Revenue | $157,722,319 | $137,130,775 | $105,557,200 |
| Expenses | $149,070,531 | $122,999,124 | $73,835,056 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $13,099,949 | $10,382,661 | $5,132,208 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pawtucket Central Falls Development Corp ($10,000), Saint Raphael Academy ($10,000), The Learning Community Public Chart ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Pawtucket Central Falls Development Corp Pawtucket, RI | Charitable Contributions | $10,000 |
| Saint Raphael Academy Pawtucket, RI | Charitable Contributions | $10,000 |
| YMCA of Pawtucket Pawtucket, RI | Charitable Contributions | $8,500 |
| The Learning Community Public Chart Central Falls, RI | Charitable Contributions | $10,000 |
| Mount Saint Charles Academy Woonsocket, RI | Charitable Contributions | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Brian Azar | President/CEO | 40 | $719,670 |
| Valerie J Pimenta | EVP/CFO (Retired 12/2024) | 40 | $427,543 |
| Jeffrey Kolarik | SVP/CIO | 40 | $343,231 |
| Kevin Farrell | SVP/Commercial Lending | 40 | $335,257 |
| DONNA GREGSON | EVP RETAIL | 40 | $296,212 |
| Robert Gotti | SVP/Business Development | 40 | $291,439 |
| Patricia Webb | SVP/Residental & Retail Lendin | 40 | $302,195 |
| Mark Mclaughlin | VP/MORTGAGE ORIGINATion | 40 | $275,958 |
| Kathleen Doherty | Senior Vice President | 40 | $268,063 |
| Ken Fredriksen | EVP/CFO (Started 8/19/2024) | 40 | $125,610 |
| RONALD W LECLAIR | Chairman | 12 | $84,000 |
| LYNN am WEINSTEIN | Vice Chairman | 7 | $63,000 |
| JOHN B RICHER JR | Treasurer | 7 | $60,500 |
| PAUL F LEFEBVRE | Secretary | 7 | $60,500 |
| KEVIN TRACEY | DIRECTOR | 5 | $34,570 |
| DR FRANK P CASARELLA | DIRECTOR | 5 | $28,000 |
| LAWRENCE J MONASTESSE | DIRECTOR | 5 | $28,000 |
| LINDA C Moffat | Director | 5 | $28,000 |
| Mario Carlucci | Director | 5 | $28,000 |
| RICHARD H LECLERC | DIRECTOR | 5 | $28,000 |
| John Z Luo MD | Director | 5 | $28,000 |
| Jaqueline Ash | DIRECTOR (Started 05/01/2024) | 5 | $18,666 |
Frequently Asked Questions
How large is Coastal1 Credit Union?
As of 2024, Coastal1 Credit Union holds $3.3B in total assets with $157.7M in annual revenue. It awarded 5 grants totaling $49K in 2024.
Where does Coastal1 Credit Union operate?
Coastal1 Credit Union has awarded grants in Massachusetts, Rhode Island.
What size grants does Coastal1 Credit Union award?
In 2024, Coastal1 Credit Union awarded 5 grants totaling $49K — an average of about $10K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Coastal1 Credit Union's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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