Dec, 31, 2023 — PAWTUCKET CREDIT UNION is a federally insured state chartered credit union headquartered in PAWTUCKET, RI with 19 branch locations and about $3.32 billion in total assets. Opened 98 years ago in 1926, PAWTUCKET CREDIT UNION has about 139,016 members and employs 296 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 |
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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: | 139,016 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67278 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1926 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,323,693,707 |
CEO/Manager: | Brian A Azar |
Chairperson: | Ronald W LeClair |
ASSETS: | $ Amount |
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Cash & Equivalents | 94,727,348 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,972,373,170 |
Unsecured Loans | 4,858,251 |
Other Loans | 954,495,346 |
TOTAL LOANS | 2,932,303,594 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,827,505 |
Land And Building | 24,465,447 |
Other Fixed Assets | 10,061,615 |
NCUSIF Deposit | 23,126,902 |
All Other Assets | 1,021,263 |
TOTAL ASSETS | 3,323,693,707 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,386,293 |
Notes & Interest Payable | 545,254,885 |
Accounts Payable & Other Liabilities | 19,092,156 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 333,948,098 |
Regular shares | 411,783,257 |
All Other Shares & Deposits | 1,690,964,898 |
TOTAL SHARES & DEPOSITS | 2,436,696,253 |
TOTAL LIABILITIES | 3,005,522,272 |
Regular Reserve | 0 |
Other Reserves | -13,842,014 |
Undivided Earnings | 332,013,449 |
TOTAL EQUITY | 318,171,435 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,323,693,707 |
INCOME & EXPENSE | |
Loan Income | 114,007,298 |
Investment Income | 9,820,178 |
Other Income | 6,122,111 |
Total Employee Compensation & Benefits | 30,109,917 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,286,404 |
Non-operating Income & (Expense) | 416,506 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,859,758 |
Cost of Funds | 66,744,239 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,131,652 |
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