Coastal1 Credit Union
Pawtucket, RI · EIN 05-0197075 · Rank 3,656 by total revenue
Coastal1 credit union is organized for the benefit of its members. the credit union is committed to serving the financial needs of its members.
Money, Form 990 for tax year 2024
- Total revenue
- $157,722,319
- Total expenses
- $149,070,531
- Total assets
- $3,342,555,316
- Salary base (all salaries and wages)
- $22,901,430
- Salaries, other pay and benefits
- $31,174,265
- Employees
- 341
- Salary base per employee
- $67,160
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (17)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Brian Azar | President/CEO | Officer | 40 | $768,695 |
| Valerie J Pimenta | EVP/CFO (Retired 12/2024) | Officer | 40 | $465,561 |
| Ken Fredriksen | EVP/CFO (Started 8/19/2024) | Officer | 40 | $125,610 |
| Ronald W Leclair | Chairman | Board, Officer | 12 | $84,000 |
| LYNN am WEINSTEIN | Vice Chairman | Board, Officer | 7 | $63,000 |
| John B Richer Jr | Treasurer | Board, Officer | 7 | $60,500 |
| Paul F Lefebvre | Secretary | Board, Officer | 7 | $60,500 |
| Kevin Farrell | SVP/Commercial Lending | Key employee | 40 | $386,587 |
| Donna Gregson | EVP RETAIL | Key employee | 40 | $343,504 |
| Kevin Tracey | DIRECTOR | Board | 5 | $34,570 |
| Dr Frank P Casarella | DIRECTOR | Board | 5 | $28,000 |
| Lawrence J Monastesse | DIRECTOR | Board | 5 | $28,000 |
| LINDA C Moffat | Director | Board | 5 | $28,000 |
| Mario Carlucci | Director | Board | 5 | $28,000 |
| Richard H Leclerc | DIRECTOR | Board | 5 | $28,000 |
| John Z Luo MD | Director | Board | 5 | $28,000 |
| Jaqueline Ash | DIRECTOR (Started 05/01/2024) | Board | 5 | $18,666 |
Top 10 paid people listed
These 10 people received $3,794,743, which is 16.6% of the $22,901,430 salary base shared by 341 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Brian Azar | President/CEO | Officer | 40 | $719,670 | $0 | $49,025 | $768,695 |
| Valerie J Pimenta | EVP/CFO (Retired 12/2024) | Officer | 40 | $427,543 | $0 | $38,018 | $465,561 |
| Jeffrey Kolarik | SVP/CIO | Highly paid employee | 40 | $343,231 | $0 | $48,898 | $392,129 |
| Kevin Farrell | SVP/Commercial Lending | Key employee | 40 | $335,257 | $0 | $51,330 | $386,587 |
| Donna Gregson | EVP RETAIL | Key employee | 40 | $296,212 | $0 | $47,292 | $343,504 |
| Robert Gotti | SVP/Business Development | Highly paid employee | 40 | $291,439 | $0 | $48,226 | $339,665 |
| Patricia Webb | SVP/Residental & Retail Lendin | Highly paid employee | 40 | $302,195 | $0 | $33,542 | $335,737 |
| Mark Mclaughlin | VP/MORTGAGE ORIGINATion | Highly paid employee | 40 | $275,958 | $0 | $46,630 | $322,588 |
| Kathleen Doherty | Senior Vice President | Highly paid employee | 40 | $268,063 | $0 | $46,604 | $314,667 |
| Ken Fredriksen | EVP/CFO (Started 8/19/2024) | Officer | 40 | $125,610 | $0 | $0 | $125,610 |
Sources
- IRS e-file return 202533119349304003 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 05-0197075
- Organization website (as filed): www.coastal1.org