Coastal1 Credit Union


Overview / Commentary
401-722-2212
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 134th largest credit union in the nation. It was established in 1926 and as of March of 2022, it had grown to 278 employees and 129,483 members at 17 locations. Coastal1 Credit Union 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

Health Grade Components

Overall
NCUA #67278
Year Chartered1926
Employees278
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD11.18%
Annual Interest Income$20.8MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$2.89B$2.73B
LoansQ1 2022vs Q1 2021$2.51B$2.26B
DepositsQ1 2022vs Q1 2021$2.36B$2.20B
Equity CapitalQ1 2022vs Q1 2021$291.4MM$260.5MM
Loan Loss AllowanceQ1 2022vs Q1 2021$9.8MM$10.7MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$4.4MM$1.4MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$20kAdvantage Checking
OTHER TIERS: 0.35% $20k+
0.10%$2.5k-Direct Plus Checking

Coastal1 Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-36 Month CD
0.60%$1k-48 Month CD
0.60%$1k-60 Month CD
0.50%$1k-24 Month CD
0.45%$1k-18 Month CD
0.40%$5k-15 Month Easy Access 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-36 Month IRA
0.60%$500-48 Month IRA
0.60%$500-60 Month IRA
0.50%$500-24 Month IRA
0.45%$500-18 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
Locations

Availability

Providence Area

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