Sep, 30, 2025 — PAWTUCKET CREDIT UNION is a federally insured state chartered credit union headquartered in PAWTUCKET, RI with 19 branch locations and about $3.41 billion in total assets. Opened 100 years ago in 1926, PAWTUCKET CREDIT UNION has about 144,318 members and employs 293 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PAWTUCKET CREDIT UNION |
|---|---|
| Address: (Main Office) | 1200 Central Ave PAWTUCKET, RI 02861-2200 |
| Phone: | (401) 722-2212 |
| Fax: | (401) 729-4032 |
| Website: | https://www.coastal1.org |
| Branches: | 19 branch locations |
| Members: | 144,318 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67278 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,413,073,781 |
| CEO/Manager: | Brian A Azar |
| Chairperson: | Ronald W LeClair |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 169,950,750 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,065,250 |
| Real Estate Loans | 1,950,561,655 |
| Unsecured Loans | 6,005,479 |
| Other Loans | 977,072,710 |
| TOTAL LOANS | 2,933,730,284 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,133,234 |
| Land And Building | 23,668,649 |
| Other Fixed Assets | 7,863,300 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 23,634,324 |
| All Other Assets | 944,598 |
| TOTAL ASSETS | 3,413,073,781 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,129,220 |
| Notes & Interest Payable | 400,893,473 |
| Accounts Payable & Other Liabilities | 15,581,045 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 330,589,209 |
| Regular shares | 375,281,038 |
| All Other Shares & Deposits | 1,943,406,967 |
| TOTAL SHARES & DEPOSITS | 2,649,277,214 |
| TOTAL LIABILITIES | 3,071,109,886 |
| Regular Reserve | 0 |
| Other Reserves | -11,503,264 |
| Undivided Earnings | 353,467,159 |
| TOTAL EQUITY | 341,963,895 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,413,073,781 |
| INCOME & EXPENSE | |
| Loan Income | 103,142,620 |
| Investment Income | 9,792,280 |
| Other Income | 4,850,624 |
| Total Employee Compensation & Benefits | 24,258,486 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 18,686,777 |
| Non-operating Income & (Expense) | 2,375 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,194,440 |
| Cost of Funds | 66,297,052 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,801,921 |
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