Coastal1 Credit Union

Pawtucket, RI
Tax-exempt since Dec. 1951
EIN: 05-0197075

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Type of Nonprofit

Designated as a 501(c)(14) State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$137M (2023)

Expenses

$123M (2023)

Total Assets

$3.32B (2023)

Total Liabilities

$3B (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$137,130,775

Expenses

$122,999,124

Net Income

$14,131,651

Net Assets

$318,171,435

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$114,007,298	83.1%
Investment Income	$9,820,178	7.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$4,615	0.0%
Net Fundraising	$0
Sales of Assets	$562,483	0.4%
Net Inventory Sales	$0
Other Revenue	$12,736,201	9.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,155,969	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$20,205,196	16.4%

Assets/Debt
Total Assets	$3,322,745,503
Total Liabilities	$3,004,574,068
Net Assets	$318,171,435

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Azar (President/Ceo)	$720,877	$0	$46,229
Valerie J Pimenta (Evp/Cfo)	$368,669	$0	$36,779
Mark Mclaughlin (Vp/Mortgage Origination)	$364,909	$0	$47,881
Kevin Farrell (Svp/Commercial Lending)	$330,228	$0	$48,447
Donna Gregson (Evp Retail)	$317,068	$0	$46,856
Jeffrey Kolarik (Svp/Cio)	$314,028	$0	$39,656
Patricia Webb (Svp/Residental & Retail Lending)	$310,365	$0	$33,349
Robert Gotti (Svp/Business Development)	$308,754	$0	$48,717
Timothy M Jermain (Evp/Coo)	$269,079	$0	$29,933
Ronald W Leclair (Chairman)	$84,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$63,000	$0	$0
John B Richer Jr (Treasurer)	$60,500	$0	$0
Paul F Lefebvre (Secretary)	$60,500	$0	$0
Kevin Tracey (Director)	$34,570	$0	$0
Dr Frank P Casarella (Director)	$28,000	$0	$0
Lawrence J Monastesse (Director)	$28,000	$0	$0
Linda C Moffat (Director)	$28,000	$0	$0
Mario Carlucci (Director)	$28,000	$0	$0
Richard H Leclerc (Director)	$28,000	$0	$0
Karl A Kozak (Director (Ended 10/2023))	$23,039	$0	$0
John Z Luo Md (Director (As Of 10/2023))	$14,667	$0	$0

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990

Filed on Nov. 6, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$105,557,200

Expenses

$73,835,056

Net Income

$31,722,144

Net Assets

$306,669,328

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$88,021,324	83.4%
Investment Income	$5,078,874	4.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$883	0.0%
Net Fundraising	$0
Sales of Assets	$53,334	0.1%
Net Inventory Sales	$0
Other Revenue	$12,402,785	11.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,175,899	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$18,631,675	25.2%

Assets/Debt
Total Assets	$3,132,689,831
Total Liabilities	$2,826,020,503
Net Assets	$306,669,328

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Azar (President/Ceo)	$611,333	$0	$39,551
Timothy M Jermain (Evp/Coo)	$486,985	$0	$43,953
Mark Mclaughlin (Vp/Mortgage Origination)	$403,774	$0	$42,829
Valerie J Pimenta (Evp/Cfo)	$356,242	$0	$33,992
Colleen Mooney (Mortgage Originator)	$343,326	$0	$28,733
Donna Gregson (Evp Retail)	$306,519	$0	$44,154
Patricia Webb (Svp/Residental & Retail Le)	$303,386	$0	$40,397
Robert Gotti (Svp Business Development)	$302,035	$0	$45,132
Kevin Farrell (Svp/Commercial Lending)	$294,008	$0	$44,679
Ronald W Leclair (Chairman)	$75,750	$0	$0
Lynn Am Weinstein (Vice Chairman)	$54,750	$0	$0
John B Richer Jr (Treasurer)	$52,250	$0	$0
Paul F Lefebvre (Secretary)	$52,250	$0	$0
Kevin Tracey (Director)	$31,320	$0	$0
Dr Frank P Casarella (Director)	$24,750	$0	$0
Karl A Kozak (Director)	$24,750	$0	$0
Lawrence J Monastesse (Director)	$24,750	$0	$0
Linda C Moffat (Director)	$24,750	$0	$0
Mario Carlucci (Director)	$24,750	$0	$0
Richard H Leclerc (Director)	$24,750	$0	$0

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990

Filed on Oct. 6, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$91,925,616

Expenses

$56,688,643

Net Income

$35,236,973

Net Assets

$289,343,921

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$77,988,021	84.8%
Investment Income	$3,137,405	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$7,137	0.0%
Net Fundraising	$0
Sales of Assets	$160,957	0.2%
Net Inventory Sales	$0
Other Revenue	$10,632,096	11.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,257,839	4.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,621,981	27.6%

Assets/Debt
Total Assets	$2,840,412,596
Total Liabilities	$2,551,068,675
Net Assets	$289,343,921

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Timothy M Jermain (Evp/Coo)	$521,814	$0	$40,703
Mark Mclaughlin (Vp/Mortgage Origination)	$513,317	$0	$41,448
George J Charette (President/Ceo (Retired 5/28/21))	$500,164	$0	$39,474
Brian Azar (President/Ceo)	$351,201	$0	$29,398
Valerie J Pimenta (Evp/Cfo)	$340,657	$0	$32,105
Roger Ferreira (Mortgage Originator)	$328,149	$0	$31,409
Odette Avila (Mortgage Originator)	$314,836	$0	$39,050
Patricia Webb (Svp/Residental & Retail Lending)	$301,487	$0	$41,777
Colleen Mooney (Mortgage Originator)	$300,122	$0	$5,914
Donna Gregson (Evp Retail)	$296,433	$0	$41,713
Ronald W Leclair (Chairman)	$51,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Kevin Tracey (Director)	$21,570	$0	$0
Karl A Kozak (Director)	$15,000	$0	$0
Linda C Moffat (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0
Mario Carlucci (Director)	$15,000	$0	$0

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990

Filed on Sept. 6, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$92,008,258

Expenses

$71,765,315

Net Income

$20,242,943

Net Assets

$257,127,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$78,249,242	85.0%
Investment Income	$4,117,094	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$2,613
Net Fundraising	$0
Sales of Assets	$1,601,889	1.7%
Net Inventory Sales	$0
Other Revenue	$8,042,646	8.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,996,202	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,603,664	20.3%

Assets/Debt
Total Assets	$2,654,417,449
Total Liabilities	$2,397,290,189
Net Assets	$257,127,260

Compensation

Key Employees and Officers	Compensation	Related	Other
George J Charette (President/Ceo)	$788,526	$0	$51,661
Mark Mclaughlin (Vp/Mortgage Origination)	$429,799	$0	$40,180
Timothy M Jermain (Evp/Coo)	$392,872	$0	$40,595
Odette Avila (Mortgage Originator)	$334,642	$0	$38,071
Roger Ferreira (Mortgage Originator)	$315,948	$0	$29,269
Valerie J Pimenta (Evp/Cfo)	$296,710	$0	$31,174
William Dawson (Vp/Mortgage Origination)	$280,958	$0	$41,499
Joseph Silva (Svp/Commercial Lending)	$278,422	$0	$39,879
Donna Gregson (Evp Retail)	$270,537	$0	$39,977
Ronald W Leclair (Chairman)	$51,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Kevin Tracey (Director)	$21,570	$0	$0
Linda C Moffat (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0
Mario Carlucci (Director)	$15,000	$0	$0
Karl A Kozak (Director)	$14,987	$0	$0

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990

Filed on Aug. 10, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$92,968,318

Expenses

$77,322,712

Net Income

$15,645,606

Net Assets

$235,679,580

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$75,965,690	81.7%
Investment Income	$5,802,927	6.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$16,691
Net Fundraising	$0
Sales of Assets	$1,018,157	1.1%
Net Inventory Sales	$0
Other Revenue	$10,198,235	11.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,212,702	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,317,340	18.5%

Assets/Debt
Total Assets	$2,413,396,599
Total Liabilities	$2,177,717,019
Net Assets	$235,679,580

Compensation

Key Employees and Officers	Compensation	Related	Other
George J Charette (President/Ceo)	$722,598	$0	$51,839
Timothy M Jermain (Evp/Coo)	$380,025	$0	$39,662
William Dawson (Vp/Mortgage Origination)	$355,411	$0	$40,838
Paul J Cappello (Evp Lending)	$301,991	$0	$40,380
Valerie J Pimenta (Evp/Cfo)	$284,812	$0	$30,654
Donna Gregson (Evp Retail)	$275,702	$0	$39,458
Robert Gotti (Svp/Business Development)	$273,162	$0	$28,870
Joseph Silva (Svp/Commercial Lending)	$268,312	$0	$38,780
Odette Avila (Mortgage Originator)	$260,566	$0	$35,631
Mark Mclaughlin (Vp/Mortgage Origination)	$252,532	$0	$37,571
Ronald W Leclair (Chairman)	$51,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Kevin Tracey (Director)	$21,570	$0	$0
Karl A Kozak (Director)	$15,004	$0	$0
Linda C Moffat (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0
Gerard J Lupien (Director)	$11,250	$0	$0
Mario Carlucci (Director)	$3,750	$0	$0

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990

Filed on Sept. 1, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$83,722,247

Expenses

$65,305,659

Net Income

$18,416,588

Net Assets

$219,235,442

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$68,503,779	81.8%
Investment Income	$4,001,660	4.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$23,777
Net Fundraising	$0
Sales of Assets	$626,808	0.7%
Net Inventory Sales	$0
Other Revenue	$10,613,777	12.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,112,179	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,802,879	21.1%

Assets/Debt
Total Assets	$2,316,022,211
Total Liabilities	$2,096,786,769
Net Assets	$219,235,442

Compensation

Key Employees and Officers	Compensation	Related	Other
George J Charette (President/Ceo)	$686,160	$0	$54,762
Timothy M Jermain (Evp/Coo)	$355,909	$0	$38,869
Paul J Cappello (Evp Lending)	$292,351	$0	$39,408
Donna Gregson (Evp Retail)	$267,694	$0	$38,381
Valerie J Pimenta (Svp/Cfo)	$262,492	$0	$28,931
William Dawson (Vp/Mortgage Origination)	$260,003	$0	$39,187
Joseph Silva (Svp/Commercial Lending)	$246,710	$0	$36,986
Rebecca E Book (Svp/Compliance)	$233,998	$0	$25,371
Patricia L Webb (Svp/Retail Lending)	$200,201	$0	$33,802
Leonard Silva (Svp/Commercial Loan Officer)	$197,588	$0	$33,546
Ronald W Leclair (Chairman)	$51,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Kevin Tracey (Director)	$21,570	$0	$0
Karl A Kozak (Director)	$15,003	$0	$0
Gerard J Lupien (Director)	$15,000	$0	$0
Linda C Moffat (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0

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990

Filed on Oct. 28, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$72,652,510

Expenses

$56,642,369

Net Income

$16,010,141

Net Assets

$200,808,656

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,346,157	83.1%
Investment Income	$2,781,437	3.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$16,953
Net Fundraising	$0
Sales of Assets	$608,735	0.8%
Net Inventory Sales	$0
Other Revenue	$8,933,134	12.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,019,076	3.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,526,595	22.1%

Assets/Debt
Total Assets	$2,134,179,464
Total Liabilities	$1,933,370,808
Net Assets	$200,808,656

Compensation

Key Employees and Officers	Compensation	Related	Other
George J Charette (President/Ceo)	$657,867	$0	$56,734
Timothy M Jermain (Evp/Coo)	$326,839	$0	$37,436
Paul J Cappello (Evp/Clo)	$283,900	$0	$38,061
Donna Gregson (Evp/Retail Admin.)	$262,719	$0	$86,693
Valerie J Pimenta (Svp/Cfo)	$239,986	$0	$27,592
Rebecca E Book (Svp/Compliance)	$226,156	$0	$24,814
William Dawson (Vp/Mortgage Origination)	$218,687	$0	$35,122
Joseph Silva (Svp/Commercial Lending)	$216,396	$0	$34,206
Patricia L Webb (Svp/Retail Lending)	$192,464	$0	$32,137
Madeline Furtado Ended 122017 (Vp/Real Estate Lending)	$176,774	$0	$20,578
Ronald W Leclair (Chairman)	$51,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Kevin Tracey (Director)	$21,665	$0	$0
Karl A Kozak (Director)	$15,100	$0	$0
Gerard J Lupien (Director)	$15,000	$0	$0
Linda C Moffat (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0

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990

Filed on Nov. 14, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$66,246,313

Expenses

$51,919,737

Net Income

$14,326,576

Net Assets

$184,855,614

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,889,417	82.9%
Investment Income	$2,217,082	3.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$17,636
Net Fundraising	$0
Sales of Assets	$737,999	1.1%
Net Inventory Sales	$0
Other Revenue	$8,419,451	12.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,045,603	5.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,592,666	20.4%

Assets/Debt
Total Assets	$1,952,363,580
Total Liabilities	$1,767,507,966
Net Assets	$184,855,614

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
George J Charette Iii (President/Ceo)	$1,140,013	$0	$54,893
Timothy M Jermain (Evp/Coo)	$296,319	$0	$127,337
Paul J Cappello (Evp/Clo)	$273,176	$0	$112,813
Donna Gregson (Evp/Retail Admin.)	$248,273	$0	$87,950
Valerie J Pimenta (Svp/Cfo)	$212,252	$0	$24,480
Rebecca E Book (Svp/Compliance)	$209,514	$0	$23,423
William Dawson (Vp/Mortgage Origination)	$205,710	$0	$32,573
Joseph L Silva (S Vp/Commerical Lending)	$185,881	$0	$30,977
Patricia L Webb (S Vp/Retail Lending)	$179,498	$0	$28,182
Madeline Furtado (Vp/Real Estate Lending)	$159,639	$0	$19,818
Anne Bernier (S Vp/Human Resources)	$156,207	$0	$28,606
Francis E Mcfarland (Vp/Director Of Alm)	$154,896	$0	$28,092
Anne Tremblay (Vp/Information Technology)	$137,560	$0	$26,065
Karl A Kozak (Director)	$91,372	$0	$0
Ronald W Leclair (Chairman)	$51,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Kevin Tracey (Director)	$21,596	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Linda C Lyons (Director)	$15,000	$0	$0
Gerard J Lupien (Director)	$15,000	$0	$0

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990

Filed on Oct. 26, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$63,883,034

Expenses

$50,974,087

Net Income

$12,908,947

Net Assets

$171,045,968

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$52,675,689	82.5%
Investment Income	$1,680,859	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$15,167
Net Fundraising	$0
Sales of Assets	$1,220,188	1.9%
Net Inventory Sales	$0
Other Revenue	$8,321,465	13.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,895,176	13.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,776,401	11.3%

Assets/Debt
Total Assets	$1,797,939,996
Total Liabilities	$1,626,894,028
Net Assets	$171,045,968

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Karl A Kozak (President/Ceo/Dir 6/2015)	$3,093,175	$0	$106,019
George J Charette Iii (President/Ceo)	$1,989,759	$0	$557,619
Timothy M Jermain (Evp/Coo)	$286,979	$0	$140,729
Paul J Cappello (Evp/Clo)	$265,158	$0	$132,803
Donna Gregson (Evp/Retail Admin.)	$243,024	$0	$97,896
William Dawson (Vp/Mortgage Origination)	$216,391	$0	$33,952
Rebecca E Book (Svp/Compliance)	$203,075	$0	$24,069
Valerie J Pimenta (Svp/Cfo)	$186,497	$0	$23,583
Joseph L Silva (Vp/Commerical Lending)	$174,836	$0	$23,463
Patricia L Webb (S Vp/Retail Lending)	$166,408	$0	$26,517
Madeline Furtado (Vp/Real Estate Lending)	$155,866	$0	$20,268
Francis E Mcfarland (Vp/Director Of Alm)	$151,297	$0	$28,818
Anne Bernier (Vp/Human Resources)	$147,891	$0	$28,416
Anne Tremblay (Vp Information Technology)	$137,387	$0	$26,909
Ronald W Leclair (Chairman)	$49,667	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Kevin Tracey (Director)	$21,517	$0	$0
Gerard J Lupien (Director)	$20,098	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Linda C Lyons (Director)	$15,000	$0	$0

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990

Filed on Nov. 8, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$62,315,913

Expenses

$48,945,218

Net Income

$13,370,695

Net Assets

$157,774,115

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$51,941,954	83.4%
Investment Income	$1,226,836	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$12,308
Net Fundraising	$0
Sales of Assets	$1,046,661	1.7%
Net Inventory Sales	$0
Other Revenue	$8,112,770	13.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,663,928	5.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,622,825	19.7%

Assets/Debt
Total Assets	$1,675,053,139
Total Liabilities	$1,517,279,024
Net Assets	$157,774,115

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Karl A Kozak (President/Ceo)	$647,771	$0	$273,033
George J Charette Iii (Evp)	$394,938	$0	$160,636
Timothy M Jermain (Evp/Coo)	$271,166	$0	$129,089
Paul J Cappello (Evp/Clo)	$248,634	$0	$117,241
Donna Gregson (Evp/Retail Admin.)	$227,768	$0	$88,450
Rebecca E Book (Svp/Compliance)	$194,267	$0	$22,768
Joseph L Silva (Vp/Commerical Lending)	$165,675	$0	$21,262
Valerie J Pimenta (Svp/Cfo)	$160,395	$0	$20,684
Madeline Furtado (Vp/Real Estate Lending)	$148,882	$0	$19,010
Patricia L Webb (S Vp/Retail Lending)	$148,267	$0	$24,500
Francis E Mcfarland (Vp/Director Of Alm)	$144,773	$0	$26,846
Anne Bernier (Vp/Human Resources)	$142,117	$0	$27,254
Anne Tremblay (Vp Information Technology)	$132,433	$0	$25,544
William Dawson (Vp/Mortgage Origination)	$120,241	$0	$25,958
Robert P Andrade (Evp/Coo (Retired 1/2014))	$101,808	$0	$6,112
Ronald W Leclair (Chairman)	$47,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Gerard J Lupien (Director)	$20,775	$0	$0
Kevin Tracey (Director)	$20,298	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Linda C Lyons (Director)	$15,000	$0	$0

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990

Filed on Nov. 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$60,713,786

Expenses

$48,507,652

Net Income

$12,206,134

Net Assets

$144,251,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,410,408	83.0%
Investment Income	$933,334	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$12,645
Net Fundraising	$0
Sales of Assets	$1,107,810	1.8%
Net Inventory Sales	$0
Other Revenue	$8,274,879	13.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,781,361	5.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,189,960	18.9%

Assets/Debt
Total Assets	$1,556,571,716
Total Liabilities	$1,412,319,755
Net Assets	$144,251,961

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Karl A Kozak (President/Ceo)	$617,394	$0	$268,402
George J Charette Iii (Executive Vp/Cfo)	$355,451	$0	$132,899
Robert P Andrade (Executive Vp/Coo)	$350,625	$0	$24,475
Timothy M Jermain (Svp/Bus Dev & Mktg)	$241,908	$0	$21,140
William Dawson (Vp/Mortgage Origination)	$221,866	$0	$34,167
Paul J Cappello (Senior Vice President Lending)	$219,648	$0	$32,987
Donna Gregson (Svp/Retail Admin.)	$194,915	$0	$30,980
Rebecca E Book (Svp/Compliance)	$185,741	$0	$21,928
Joseph L Silva (Vp/Commerical Lending)	$159,131	$0	$19,244
Madeline Furtado (Vp/Real Estate Lending)	$145,882	$0	$18,708
Valerie J Pimenta (Vp/Controller)	$143,363	$0	$19,198
Francis E Mcfarland (Vp/Director Of Alm)	$139,957	$0	$26,855
Partricia L Webb (Vp/Retail Lending)	$138,679	$0	$23,798
Anne Bernier (Vp/Human Resources)	$135,544	$0	$24,904
Ronald W Leclair (Chairman)	$47,000	$0	$0
Lynn Am Weinstein (Vice Chairman)	$30,000	$0	$0
John B Richer Jr (Treasurer)	$27,500	$0	$0
Paul F Lefebvre (Secretary)	$27,500	$0	$0
Kevin Tracey (Director)	$22,407	$0	$0
Gerard J Lupien (Director)	$20,275	$0	$0
Lawrence J Monastesse (Director)	$15,000	$0	$0
Richard H Leclerc (Director)	$15,000	$0	$0
Dr Frank P Casarella (Director)	$15,000	$0	$0
Linda C Lyons (Director)	$15,000	$0	$0

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990

Filed on Feb. 4, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2012

Revenue

$60,937,366

Expenses

$49,742,782

Net Income

$11,194,584

Net Assets

$131,439,210

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,365,729	81.0%
Investment Income	$954,487	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$15,482
Net Fundraising	$0
Sales of Assets	$2,587,462	4.2%
Net Inventory Sales	$0
Other Revenue	$8,045,170	13.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,533,444	5.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,507,378	17.1%

Assets/Debt
Total Assets	$1,399,273,704
Total Liabilities	$1,267,834,494
Net Assets	$131,439,210

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$60,693,922

Expenses

$52,724,955

Net Income

$7,968,967

Net Assets

$120,162,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$51,370,245	84.6%
Investment Income	$1,426,304	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$13,440
Net Fundraising	$0
Sales of Assets	$673,994	1.1%
Net Inventory Sales	$0
Other Revenue	$7,236,819	11.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,510,021	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,878,800	14.9%

Assets/Debt
Total Assets	$1,312,255,891
Total Liabilities	$1,192,093,435
Net Assets	$120,162,456

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Coastal1 Credit Union

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $137M (2023)

Expenses $123M (2023)

Total Assets $3.32B (2023)

Total Liabilities $3B (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Revenue

$137M (2023)

Expenses

$123M (2023)

Total Assets

$3.32B (2023)

Total Liabilities

$3B (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004