Compensation 990

Coastal1 Credit Union

Fiscal year ending 2020. Filed on August 10, 2021.

1200 Central Avenue
Pawtucket, Rhode Island 02861

Coastal1 Credit Union (EIN: 05-0197075) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Coastal1 Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 10 out of 346 total employees. Among the employees shown here, the average compensation is $379,172. The highest compensated employee at Coastal1 Credit Union is George J Charette with fiscal year 2020 compensation of $840,187. Coastal1 Credit Union changed its name from COASTAL1 Credit Union F/K/a Pawtucket Credit Union in 2022.

Revenue, expenses, and employee compensation

Revenue

$92,008,258

Expenses

$71,765,315

Employee compensation

$22,901,744
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

George J Charette
President and Chief Executive Officer
$840,187
$788,526 from orgNo related comp$51,661 other
Mark McLaughlin
Vp/Mortgage Origination
$469,979
$429,799 from orgNo related comp$40,180 other
Timothy M Jermain
Executive Vice President and Chief Operating Officer
$433,467
$392,872 from orgNo related comp$40,595 other
Odette Avila
Mortgage Originator
$372,713
$334,642 from orgNo related comp$38,071 other
Roger Ferreira
Mortgage Originator
$345,217
$315,948 from orgNo related comp$29,269 other
Valerie J Pimenta
Executive Vice President and Chief Financial Officer
$327,884
$296,710 from orgNo related comp$31,174 other
William Dawson
Vp/Mortgage Origination
$322,457
$280,958 from orgNo related comp$41,499 other
Joseph Silva
Svp/Commercial Lending
$318,301
$278,422 from orgNo related comp$39,879 other
Donna Gregson
Executive Vice President Retail
$310,514
$270,537 from orgNo related comp$39,977 other
Ronald W Leclair
Chair
$51,000
$51,000 from orgNo related compNo other comp

Non-Employee Board Members

Lynn Am Weinstein
Vice Chair
$30,000
$30,000 from orgNo related compNo other comp
John B Richer Jr
Treasurer
$27,500
$27,500 from orgNo related compNo other comp
Paul F Lefebvre
Secretary
$27,500
$27,500 from orgNo related compNo other comp
Kevin Tracey
Director
$21,570
$21,570 from orgNo related compNo other comp
Lawrence J Monastesse
Director
$15,000
$15,000 from orgNo related compNo other comp
Richard H Leclerc
Director
$15,000
$15,000 from orgNo related compNo other comp
Mario Carlucci
Director
$15,000
$15,000 from orgNo related compNo other comp
Dr Frank P Casarella
Director
$15,000
$15,000 from orgNo related compNo other comp
Linda C Moffat
Director
$15,000
$15,000 from orgNo related compNo other comp
Karl A Kozak
Director
$14,987
$14,987 from orgNo related compNo other comp

Mission Statement

COASTAL1 CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION ORGANIZED AS A CREDIT UNION FOR THE BENEFIT OF ITS MEMBERS. THE CREDIT UNION IS COMMITTED TO SERVING THE FINANCIAL NEEDS OF ITS MEMBERS TO HELP THEM ATTAIN THEIR FINANCIAL GOALS.

Revisions to this organization profile

November 7, 2025:
2024 Coastal1 Credit Union 990 filed
November 6, 2024:
2023 Coastal1 Credit Union 990 filed
October 6, 2023:
2022 Coastal1 Credit Union 990 filed

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