Jun, 30, 2024 — PAWTUCKET CREDIT UNION is a federally insured state chartered credit union headquartered in PAWTUCKET, RI with 17 branch locations and about $3.06 billion in total assets. Opened 99 years ago in 1926, PAWTUCKET CREDIT UNION has about 129,942 members and employs 298 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: | 17 branch locations |
| Members: | 129,942 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,063,402,669 |
| CEO/Manager: | Brian A Azar |
| Chairperson: | Ronald W LeClair |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 90,868,248 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,906,156,146 |
| Unsecured Loans | 3,822,378 |
| Other Loans | 770,062,310 |
| TOTAL LOANS | 2,680,702,028 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,861,289 |
| Land And Building | 23,960,669 |
| Other Fixed Assets | 9,648,211 |
| NCUSIF Deposit | 21,923,414 |
| All Other Assets | 430,423 |
| TOTAL ASSETS | 3,063,402,669 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 141,492 |
| Notes & Interest Payable | 337,712,709 |
| Accounts Payable & Other Liabilities | 15,139,367 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 397,152,141 |
| Regular shares | 523,652,809 |
| All Other Shares & Deposits | 1,492,362,646 |
| TOTAL SHARES & DEPOSITS | 2,413,167,596 |
| TOTAL LIABILITIES | 2,766,161,164 |
| Regular Reserve | 0 |
| Other Reserves | -17,031,306 |
| Undivided Earnings | 314,272,811 |
| TOTAL EQUITY | 297,241,505 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,063,402,669 |
| INCOME & EXPENSE | |
| Loan Income | 63,671,992 |
| Investment Income | 3,298,154 |
| Other Income | 3,820,836 |
| Total Employee Compensation & Benefits | 20,602,486 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,252,026 |
| Non-operating Income & (Expense) | -158,461 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,423,327 |
| Cost of Funds | 11,151,098 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,184,534 |
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