The $3.3 billion, Pawtucket, R.I.-based Coastal1 Credit Union announced two new hires and one promotion.

Ken Fredriksen was hired as SVP/CFO. In his new role, he will be responsible for maintaining the organization's financial stability while implementing comprehensive strategies and initiatives that drive the credit union's sustained growth and success. Fredriksen brings over 20 years of experience in finance, specializing in strategic planning, asset liability management, investment portfolio management, analysis and forecasting. He previously served at HSBC in New York, First Financial Federal Credit Union ($180 million, Freehold, N.J.) and Trumark Financial Credit Union ($3.3 billion, Fort Washington, Pa.).

Kathie Corrigan was promoted to SVP/controller. In her new role, she has overall responsibility for the financial function of the credit union including regulatory reporting. Corrigan has been with Coastal1 for over 23 years, most recently serving as SVP/internal audit. She has served in multiple roles across the credit union and was instrumental in leading Asset Liability Management. Corrigan holds an MBA from the Manning School of Business at UMass Lowell, as well as certifications in Risk Management Assurance (CRMA) from the Institute of Internal Auditors and as a Certified Fraud Examiner, Certified Credit Union Internal Auditor and Certified Community Bank Internal Auditor.

James Noonan was hired as vice president/asset liability portfolio manager. In his new role, he will be responsible for overseeing the development of programs and models that monitor risk and liquidity, interest rates, capital stress testing and profitability. Noonan brings over 17 years of experience in the banking industry, having most recently served as vice president/finance at Sharon Crescent United Credit Union ($1.2 million, Sharon, Mass.). He is a CUNA Certified Credit Union Executive, and has taught traditional Irish music at Boston College for 20 years in addition to performing in the greater Boston area.

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