Applications / Mortgage Analytics / Lenders / Rhode Island / Coastal1 Credit Union
Pawtucket, RI · Credit union · NCUA · $3.4 billion assets · 1,572 loans in 2025
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1,572
loans originated, 2025
2,281
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Coastal1 Credit Union is a Rhode Island credit union that lends mostly for refinancing and home improvement, and it ranked ninth in Providence-Warwick with a 2.4% share.
Refinances were 37.6% of its loans, home improvement 32.9%, other purposes 18.1% and home purchases 11.5%. All its loans were conventional. Its typical loan, $155,000, was larger than at about seven in ten similar lenders (credit unions making between half and twice as many loans), where it was $115,000, and jumbo loans (larger than the conforming limit) were 3.4%, against 1.2%.
It ranked 9 of 475 lenders in Providence-Warwick, its market since 1991, behind Citizens Bank, United Wholesale Mortgage and Navigant Credit Union; its share rose 0.1 points to 2.4%. In Boston-Cambridge-Newton it ranked 327 of 664.
Originations rose 8% to 1,572, against 9% at similar lenders and 10% for the whole market. They were 3,137 in 2021.
Its denial rate on home-purchase applications was 2.5%, against 6.3% at peers, and on refinance applications 16.0%, against 20.8%. Its higher-priced share (a rate well above the average for similar loans) was 0.1%, against 1.5%, and its typical rate 6.75%, against 7.00%. LMI (low- and moderate-income) borrowers took 28.3% of its loans, near peers' 26.9%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Coastal1 Credit Union took 2,281 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 37.6% · Home improvement 32.9% · Other 18.1% · Purchase 11.5%
Conventional 100.0% · of 1,572 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Rhode Island | 1,317 | 83.8% |
| Massachusetts | 238 | 15.1% |
| Connecticut | 6 | 0.4% |
| Florida | 4 | 0.3% |
| Maine | 2 | 0.1% |
| New Hampshire | 2 | 0.1% |
| South Carolina | 2 | 0.1% |
| North Carolina | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Providence-Warwick | 1,518 |
| Boston | 22 |
| Worcester | 9 |
| Barnstable Town | 5 |
| Cambridge-Newton-Framingham | 5 |
| North Port-Bradenton-Sarasota | 2 |
| Hartford-West Hartford-East Hartford | 1 |
| Myrtle Beach-Conway-North Myrtle Beach | 1 |
| New Haven | 1 |
| Port St. Lucie | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300UK3Z5PC7V71K69 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 50694 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 567278 | 1990–2017 |
Established 1 January 1926. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Coastal1 Credit Union's data.
Coastal1 Credit Union's data
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Coastal1 Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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