Coastal1 Credit Union

Overview / Commentary
1200 Central Ave
Pawtucket, RI 02861-2200

Coastal1 Credit Union is headquartered in Pawtucket and is the 2nd largest credit union in the state of Rhode Island. It is also the 131st largest credit union in the nation. It was established in 1926 and as of December of 2022, it had grown to 300 employees and 132,928 members at 18 locations. Coastal1 Credit Union's money market rates are 7X the national average, and it has an A health rating.

Reviews (4)

Good Rates, Nice People

Posted by: |

Edited from original 2015 review: They have CDs currently (August 2018) at 3%, and the staff is very nice. I have always found them helpful and pleasant to deal with.

a good local bank

Posted by: |

having banked with the pawtucket credit union for many years, i feel as though they deliver a consistently good experience to the banker. staff is always helpful and generally personable, and there aren't usually long lines, so you can tell that the credit union is decently staffed.

Bigger Style Credit Union

Pawtucket Credit Union is a great alternative to the "Big Banks". There is no fee for using any credit union (even if its not Pawtucket Credit Union) atms. With a direct deposit their checking accounts are free. They have better then average rates. The only drawback I have is that they do debits before credits.

A big bank diguised as a Credit Union

Posted by: |

Pawtucket Credit Union use to be a great credit union. They no longer work with its customers and have higher fees then an average bank. Their accounts have very little interest to offer. The credit union is expanding so fast and developing multiple locations in the State of Rhode Island that it is no longer your local credit union. It is all about getting "new business" and older customers are left in the dust because they aren't new money. Some of their charges on their checking account is a 10.00 a month maintenance fee, 12.00 bank check fee, 35.00 over draw fee. They offer no good savings account for the average joe, as they require thousands of dollars before you get any really kind of interest. They offer no college fund accounts and their CDs have terrible interest. At one time I would recommend Pawtucket Credit Union but I no longer can with the amount of better options available in the state.


Health Grade Components

NCUA #67278
Year Chartered1926
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD10.34%
Annual Interest Income$93.1MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$3.13B$2.84B
LoansQ4 2022vs Q4 2021$2.75B$2.41B
DepositsQ4 2022vs Q4 2021$2.39B$2.32B
Equity CapitalQ4 2022vs Q4 2021$306.7MM$289.3MM
Loan Loss AllowanceQ4 2022vs Q4 2021$11.1MM$9.3MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$4.6MM$3.9MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Coastal1 Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Coastal1 Credit Union Savings Account Rates

0.15%*$2.5k*-Business High Yield Savings
OTHER TIERS: 0.10% $25 - $2.5k
0.10%$25-Passbook Savings
0.10%$25-Statement Savings
0.10%$5-Money Club Share Savings
0.10%$25-IRA Savings
0.10%$25-Business Statement Savings

Coastal1 Credit Union Money Market Rates

3.00%*$50k*-Premier Money Market
OTHER TIERS: 1.00% $25 - $10k | 1.50% $10k - $50k
1.05%$25-Business Money Market
0.35%*$10k*-Money Market Special
OTHER TIERS: 0.10% $25 - $2.5k | 0.25% $2.5k - $10k

Coastal1 Credit Union Checking Account Rates

3.50%*-$20kAdvantage Checking
OTHER TIERS: 0.35% $20k+
0.10%$2.5k-Direct Plus Checking

Coastal1 Credit Union CD Rates

5.00%$10k-Rising Rate CD - Next 6 Month
4.00%$10k-Rising Rate CD - First 6 Month
3.00%$1k-24 Month Bump-Up CD
2.50%$1k-36 Month Bump-Up CD
2.50%$1k-11 Month CD Special - New Money
1.75%$1k-18 Month Bump-Up CD
0.60%$1k-48 Month CD
0.60%$1k-60 Month CD
0.35%$1k-8 Month CD
0.35%$1k-12 Month CD
0.30%$1k-9 Month CD
0.25%$1k-6 Month CD
0.20%$1k-3 Month CD

Coastal1 Credit Union IRA Rates

3.00%$500-24 Month Bump-Up IRA
2.50%$500-36 Month Bump-Up IRA
2.50%$1k-11 Month IRA Special - New Money
1.75%$500-18 Month Bump-Up IRA
0.60%$500-48 Month IRA
0.60%$500-60 Month IRA
0.35%$500-8 Month IRA
0.35%$500-12 Month IRA
0.30%$500-9 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA


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