Civic Intelligence

Pawtucket Credit Union

990 • Fiscal year 2017 • EIN 05-0197075

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

1200 Central AvenuePawtucket, RI 02861

(401) 722-2212

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.91x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

26.61x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Net Margin

71st percentile

22%

Higher net margin than 71% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Top Officer Pay

35th percentile

$714,601

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Asset Growth

75th percentile

9.3%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

9.7%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,134,179,464

Up $181,815,884 (+9.3%) from 2016

Net Assets

Up

$200,808,656

Up $15,953,042 (+8.6%) from 2016

Liabilities

Up

$1,933,370,808

Up $165,862,842 (+9.4%) from 2016

Revenue

Up

$72,652,510

Up $6,406,197 (+9.7%) from 2016

Expenses

Up

$56,642,369

Up $4,722,632 (+9.1%) from 2016

Net Income

Up

$16,010,141

Up $1,683,565 (+12%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0B$3.0B$2.0B$1.0B$0Assets 2010: $1,243,663,243Liabilities 2010: $1,130,754,636Net Assets 2010: $112,908,6072010Assets 2011: $1,312,255,891Liabilities 2011: $1,192,093,435Net Assets 2011: $120,162,4562011Assets 2012: $1,399,273,704Liabilities 2012: $1,267,834,494Net Assets 2012: $131,439,2102012Assets 2013: $1,556,571,716Liabilities 2013: $1,412,319,755Net Assets 2013: $144,251,9612013Assets 2014: $1,675,053,139Liabilities 2014: $1,517,279,024Net Assets 2014: $157,774,1152014Assets 2015: $1,797,939,996Liabilities 2015: $1,626,894,028Net Assets 2015: $171,045,9682015Assets 2016: $1,952,363,580Liabilities 2016: $1,767,507,966Net Assets 2016: $184,855,6142016Assets 2017: $2,134,179,464Liabilities 2017: $1,933,370,808Net Assets 2017: $200,808,6562017Assets 2018: $2,316,022,211Liabilities 2018: $2,096,786,769Net Assets 2018: $219,235,4422018Assets 2019: $2,413,396,599Liabilities 2019: $2,177,717,019Net Assets 2019: $235,679,5802019Assets 2020: $2,654,417,449Liabilities 2020: $2,397,290,189Net Assets 2020: $257,127,2602020Assets 2021: $2,840,412,596Liabilities 2021: $2,551,068,675Net Assets 2021: $289,343,9212021Assets 2022: $3,132,689,831Liabilities 2022: $2,826,020,503Net Assets 2022: $306,669,3282022Assets 2023: $3,322,745,503Liabilities 2023: $3,004,574,068Net Assets 2023: $318,171,4352023Assets 2024: $3,342,555,316Liabilities 2024: $3,016,304,867Net Assets 2024: $326,250,4492024

Highlighted filing

2017

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

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0Expenses 2010: $56,166,6362010Revenue 2011: $60,693,922Expenses 2011: $52,724,955Net Income 2011: $7,968,9672011Revenue 2012: $60,937,366Expenses 2012: $49,742,782Net Income 2012: $11,194,5842012Revenue 2013: $60,713,786Expenses 2013: $48,507,652Net Income 2013: $12,206,1342013Revenue 2014: $62,315,913Expenses 2014: $48,945,218Net Income 2014: $13,370,6952014Revenue 2015: $63,883,034Expenses 2015: $50,974,087Net Income 2015: $12,908,9472015Revenue 2016: $66,246,313Expenses 2016: $51,919,737Net Income 2016: $14,326,5762016Revenue 2017: $72,652,510Expenses 2017: $56,642,369Net Income 2017: $16,010,1412017Revenue 2018: $83,722,247Expenses 2018: $65,305,659Net Income 2018: $18,416,5882018Revenue 2019: $92,968,318Expenses 2019: $77,322,712Net Income 2019: $15,645,6062019Revenue 2020: $92,008,258Expenses 2020: $71,765,315Net Income 2020: $20,242,9432020Revenue 2021: $91,925,616Expenses 2021: $56,688,643Net Income 2021: $35,236,9732021Revenue 2022: $105,557,200Expenses 2022: $73,835,056Net Income 2022: $31,722,1442022Revenue 2023: $137,130,775Expenses 2023: $122,999,124Net Income 2023: $14,131,6512023Revenue 2024: $157,722,319Expenses 2024: $149,070,531Net Income 2024: $8,651,7882024

Highlighted filing

2017

Revenue$72,652,510
Expenses$56,642,369
Net Income$16,010,141
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$92,914,422
Mission and Program Overview

Mission

Pawtucket 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.

Credit union organized for the benefit of its members. The credit union is committed to serving the financial needs of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,677,140,476$1,858,584,400▲ $181,443,924
Rtn Earn Endowment Incm Other Fnds$184,855,614$200,808,656▲ $15,953,042
Investments in Publicly Traded Securities$135,782,925$139,507,629▲ $3,724,704
Cash and Non-Interest-Bearing Accounts$88,386,459$83,117,904▼ $5,268,555
Land, Buildings, and Equipment, Net$21,013,647$20,583,592▼ $430,055
Savings and Temporary Cash Investments$1,849,497$1,764,426▼ $85,071
Prepaid Expenses and Deferred Charges$2,220,065$1,740,544▼ $479,521
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,952,363,580$2,134,179,464▲ $181,815,884
Other Assets Total$25,970,511$28,880,969▲ $2,910,458
Liabilities
Other Liabilities$1,754,079,886$1,921,053,056▲ $166,973,170
Accounts Payable and Accrued Expenses$8,598,571$7,097,727▼ $1,500,844
Escrow Account Liability$4,829,509$5,220,025▲ $390,516
Total Liabilities$1,767,507,966$1,933,370,808▲ $165,862,842
Net Assets / Fund Balance
Total Net Assets Fund Balance$184,855,614$200,808,656▲ $15,953,042
Total Liabilities and Net Assets / Fund Balance$1,952,363,580$2,134,179,464▲ $181,815,884

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,460,644$15,666,419$18,127,063
Buildings$8,291,891$8,660,609$16,952,500
Land$8,685,189-$8,685,189
Other Land Buildings$896,328$2,921,719$3,818,047
Leasehold Improvements$249,540$167,589$417,129
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
George J CharettePresident/CEOFT$508,924$205,677$714,601
Timothy M JermainEvp/COOFT$257,430$106,845$364,275
Donna GregsonEvp/retail Admin.FT$201,988$147,424$349,412
Paul J CappelloEvp/CLOFT$218,070$103,891$321,961
Valerie J PimentaSVP/CFOFT$192,315$75,263$267,578
William DawsonVP/mortgage OriginationFT$100,000$153,809$253,809
Rebecca E BookSVP/complianceFT$172,311$78,659$250,970
Joseph SilvaSVP/commercial LendingFT$180,000$70,602$250,602
Patricia L WebbSVP/retail LendingFT$158,658$65,943$224,601
Madeline Furtado Ended 122017VP/real Estate LendingFT$141,555$55,797$197,352
Ronald W LeclairChairmanPT$51,000-$51,000
Lynn Am WeinsteinVice ChairmanPT$30,000-$30,000
John B Richer JrTreasurerPT$27,500-$27,500
Paul F LefebvreSecretaryPT$27,500-$27,500
Kevin TraceyDirectorPT$21,665-$21,665
Karl a KozakDirectorPT$15,100-$15,100
Dr Frank P CasarellaDirectorPT$15,000-$15,000
Gerard J LupienDirectorPT$15,000-$15,000
Lawrence J MonastesseDirectorPT$15,000-$15,000
Linda C MoffatDirectorPT$15,000-$15,000
Richard H LeclercDirectorPT$15,000-$15,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$60,346,157
Investment Income
$3,390,172
Other Revenue
$8,916,181
Change in Net Assets
$16,010,141

Audited Revenue Reconciliation

Revenue per Audited Statements
$72,585,794
Revenue Not Reported on Financial Statements
$66,716
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$66,716
Total Revenue per Audited Statements
$72,585,794
Total Revenue per Form 990
$72,652,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,041,069
Salaries, Compensation, and Employee Benefits$19,601,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$18,945,470
Other Salaries and Wages---$12,526,595
Information Technology---$3,245,435
Other Employee Benefits---$2,948,040
Office Expenses---$2,299,381
Occupancy---$2,149,989
Current Officers, Directors, Trustees, and Key Employees---$2,019,076
Depreciation Depletion---$1,590,917
Advertising---$1,435,047
Payroll Taxes---$1,228,728
Fees for Services Other---$1,171,621
Pension Plan Contributions---$878,861
Other Expenses---$567,915
Conferences and Meetings---$313,503
Travel---$270,099
All Other Expenses---$226,675
Insurance---$121,686
Fees for Services Accounting---$111,243
Fees for Services Legal---$55,845
Total Functional Expenses$0$0$0$56,642,369

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$56,642,369
Total Expenses per Form 990$56,642,369
Total Expenses per Audited Statements$56,575,653
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-66,716
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Certificates of Deposit$863,287,216
Share Accounts$282,804,261
Federal Home Ln Bank Borrowing$252,063,661
Interest Bearing Checking$183,556,448
Money Market Accounts$126,771,587
Retirement Accounts$119,005,035
Share Drafts$90,209,529
Treasury Tracker$2,483,081
Clubs$747,638
Miscellaneous$124,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union is a member-only financial institution.

Form 990, Part VI, Section A, Line 7A

The members vote for the board of directors at the annual meeting. The members also vote on all business that is presented at the annual meeting.

Form 990, Part VI, Section A, Line 7B

The members vote for the board of directors at the annual meeting. The members also vote on all business that is presented at the annual meeting.

Form 990, Part VI, Section B, Line 11B

The form 990 is made available to all board members for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Each member of the board of directors reviews and signs the board governance/ethics policy in april of each year. This policy includes conflicts of interest and requires notification to the full board of any actual or perceived conflict of interest and further requires such board member to absent him or herself from any deliberation or vote on all related matters.

Form 990, Part VI, Section B, Line 15

A ceo evaluation committee, comprised solely of members of the board of directors, meets a number of times each year to determine the compensation structure for the ceo. Performance of the credit union relative to strategic plan initiatives is reviewed. Financial performance compared to the financial goals set for the period as well as how the credit union compares to peer groups is also reviewed to determine overall financial performance. Salary data from independent consultants for financial institutions of comparable size is used by the committee to help determine changes in compensation. A written report of the annual review process and recommendations is prepared by the ceo evaluation committee and submitted to the board of directors. Changes to the ceo's compensation and benefits package are approved by the board of directors. Salary changes for officers are considered based on written annual performance appraisals required by each department head. Salary data from independent consultants is also used to determine appropriate compensation levels for the officers. The ceo prepares written appraisals on all executive officers. Compensation recommendations for all officers are presented by the ceo to the board of directors for their review. Changes in compensation for all officers are approved by the board of directors.

Form 990, Part VI, Section C, Line 19

Copies of documents noted under this item are available to the public upon request. The balance sheet of the credit union is posted in each branch monthly and unaudited financial statements (year-end balance sheet and income statement) are included in the annual report provided to members at the annual meeting in april of each year.

Filing and Contact Details

Filer

Filer Name
Pawtucket Credit Union
EIN
05-0197075
Phone
4017222212
Address
1200 CENTRAL AVENUE, PAWTUCKET, RI 02861

Signing Officer

Name
George J Charette
Title
President/CEO
Phone
4017222212
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George J Charette
Formed
1928
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
0
Employees
296
Volunteers
0

Preparer

Firm
Wolf & Company Pc
Address
99 HIGH STREET 21ST FLOOR, BOSTON, MA 02110
Preparer
Harry a Kalajian Jr CPA
Phone
6174399700
Supplemental Narrative

Additional Explanations

990, Part IV, Line 26

Some of the officers and directors have loans outstanding from the credit union. These loans were obtained in the ordinary course of business of the credit union on the same terms available to all members. Based on the schedule l instructions, these loans are not disclosed.

Page 12 Part XII Line 2C - Audit Oversight

The supervisory committee retains the audit firm and oversees the audit of the financial statements each year. The audited financial statements and management letter are reviewed by that committee as well as with the full board.

Financial Statement Notes

PART IV, LINE 2B:

The credit union holds in escrow funds to pay insurance and taxes for its members.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Reclass rent expenses -60,093. Reclass gain from sale of oreo 126,809.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Reclass rent expenses 60,093. Reclass gain from sale of oreo -126,809.

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IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN B RICHER JR
IRS990/Form990PartVIISectionAGrp/PersonNm8PAUL F LEFEBVRE
IRS990/Form990PartVIISectionAGrp/PersonNm9RONALD W LECLAIR
IRS990/Form990PartVIISectionAGrp/PersonNm10LYNN AM WEINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm11VALERIE J PIMENTA
IRS990/Form990PartVIISectionAGrp/PersonNm12GEORGE J CHARETTE
IRS990/Form990PartVIISectionAGrp/PersonNm13TIMOTHY M JERMAIN
IRS990/Form990PartVIISectionAGrp/PersonNm14DONNA GREGSON
IRS990/Form990PartVIISectionAGrp/PersonNm15PAUL J CAPPELLO
IRS990/Form990PartVIISectionAGrp/PersonNm16WILLIAM DAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm17MADELINE FURTADO ENDED 122017
IRS990/Form990PartVIISectionAGrp/PersonNm18PATRICIA L WEBB
IRS990/Form990PartVIISectionAGrp/PersonNm19REBECCA E BOOK
IRS990/Form990PartVIISectionAGrp/PersonNm20JOSEPH SILVA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt015100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt115000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt221665
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt315000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt415000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt515000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt615000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt727500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt827500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt951000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1030000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11239986
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12657867
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13326839
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14262719
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15283900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16218687
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17176774
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18192464
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19226156
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20216396
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13EVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14EVP/RETAIL ADMIN.
IRS990/Form990PartVIISectionAGrp/TitleTxt15EVP/CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP/MORTGAGE ORIGINATION
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP/REAL ESTATE LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt18SVP/RETAIL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt19SVP/COMPLIANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt20SVP/COMMERCIAL LENDING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01928
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0608735
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt020810554
IRS990/GrossReceiptsAmt092914422
IRS990/GrossRentsGrp/RealAmt043140
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt031
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt03245435
IRS990/InsuranceGrp/TotalAmt0121686
IRS990/InterestGrp/TotalAmt018945470
IRS990/InvestmentIncomeGrp/ExclusionAmt02781437
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02781437
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0135782925
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0139507629
IRS990/IRPDocumentCnt045771
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027416336
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021013647
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020583592
IRS990/LandBldgEquipCostOrOtherBssAmt047999928
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt020201819
IRS990/LessRentalExpensesGrp/RealAmt060093
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0828065
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0828065
IRS990/MissionDesc0PAWTUCKET 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0184855614
IRS990/NetAssetsOrFundBalancesEOYAmt0200808656
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0608735
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0608735
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-16953
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-16953
IRS990/NetUnrelatedBusTxblIncmAmt0-9075
IRS990/NetUnrlzdGainsLossesInvstAmt0-57099
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02149989
IRS990/OfficeExpensesGrp/TotalAmt02299381
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025970511
IRS990/OtherAssetsTotalGrp/EOYAmt028880969
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02948040
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DEPOSIT TAX
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3LOAN & OREO EXPENSE
IRS990/OtherExpensesGrp/TotalAmt02932172
IRS990/OtherExpensesGrp/TotalAmt11015250
IRS990/OtherExpensesGrp/TotalAmt2588821
IRS990/OtherExpensesGrp/TotalAmt3567915
IRS990/OtherLiabilitiesGrp/BOYAmt01754079886
IRS990/OtherLiabilitiesGrp/EOYAmt01921053056
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER FEES
IRS990/OtherRevenueMiscGrp/Desc1DEPOSIT ACCOUNT FEES
IRS990/OtherRevenueMiscGrp/Desc2LOAN FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03846976
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13243688
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2890841
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03970540
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13243688
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2890841
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0123564
IRS990/OtherRevenueTotalAmt08933134
IRS990/OtherSalariesAndWagesGrp/TotalAmt012526595
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01677140476
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01858584400
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01228728
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0878861
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02220065
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01740544
IRS990/PrincipalOfficerNm0GEORGE J CHARETTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0REAL ESTATE LOAN
IRS990/ProgramServiceRevenueGrp/Desc1VEHICLE & BOAT LOANS
IRS990/ProgramServiceRevenueGrp/Desc22ND MTG LOAN INC
IRS990/ProgramServiceRevenueGrp/Desc3EQUITY LINE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4CONSUMER LOAN INC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt031747571
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113938520
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29622620
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33561000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41476446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031747571
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113938520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29622620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33561000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41476446
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02955081
IRS990/PYOtherExpensesAmt033024820
IRS990/PYOtherRevenueAmt08401815
IRS990/PYProgramServiceRevenueAmt054889417
IRS990/PYRevenuesLessExpensesAmt014326576
IRS990/PYSalariesCompEmpBnftPaidAmt018894917
IRS990/PYTotalExpensesAmt051919737
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt066246313
IRS990/ReconcilationRevenueExpnssAmt016010141
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-16953
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0184855614
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0200808656
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01849497
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01764426
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08291891
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08660609
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016952500
IRS990ScheduleD/EquipmentGrp/BookValueAmt02460644
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015666419
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018127063
IRS990ScheduleD/ExpensesNotReportedAmt0-66716
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt056642369
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt08685189
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08685189
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0249540
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0167589
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0417129
IRS990ScheduleD/OtherExpensesIncludedAmt0-66716
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0896328
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02921719
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03818047

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3,343$3,016$326$158$149$8.65
2023Detailed filing. Detailed filing data is available for this year.$3,323$3,005$318$137$123$14.1
2022Detailed filing. Detailed filing data is available for this year.$3,133$2,826$307$106$73.8$31.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,840$2,551$289$91.9$56.7$35.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,654$2,397$257$92.0$71.8$20.2
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,413$2,178$236$93.0$77.3$15.6
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,316$2,097$219$83.7$65.3$18.4
2017Detailed filing. Detailed filing data is available for this year.$2,134$1,933$201$72.7$56.6$16.0
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,952$1,768$185$66.2$51.9$14.3
2015Detailed filing. Detailed filing data is available for this year.$1,798$1,627$171$63.9$51.0$12.9
2014Detailed filing. Detailed filing data is available for this year.$1,675$1,517$158$62.3$48.9$13.4
2013Detailed filing. Detailed filing data is available for this year.$1,557$1,412$144$60.7$48.5$12.2
2012Summary only. Only limited summary data is available for this year.$1,399$1,268$131$60.9$49.7$11.2
2011Summary only. Only limited summary data is available for this year.$1,312$1,192$120$60.7$52.7$7.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,244$1,131$113$56.2