Coastal Federal Credit Union

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Coastal Federal Credit Union
TypeCredit union
IndustryFinancial services
Founded1967
HeadquartersRaleigh, North Carolina, United States
Key peopleChuck Purvis
(President and CEO)
ProductsSavings; checking; consumer loans; mortgages; credit cards; investments; online banking
WebsiteCOASTAL24.com
 
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Coastal Federal Credit Union
TypeCredit union
IndustryFinancial services
Founded1967
HeadquartersRaleigh, North Carolina, United States
Key peopleChuck Purvis
(President and CEO)
ProductsSavings; checking; consumer loans; mortgages; credit cards; investments; online banking
WebsiteCOASTAL24.com

Coastal Federal Credit Union is a not-for-profit, member-owned financial cooperative located in Raleigh, North Carolina. As of 2011, Coastal had $2.01 billion in assets and more than 191,000 members.[1]

History[edit]

Established in August 1967, Coastal was formed through the efforts of eight employees of International Business Machines Corporation (IBM) to meet the financial needs of the local IBM community in Raleigh. In 1991, the field of membership was expanded to include employees of other businesses throughout certain North Carolina areas. In 1999, the field of membership was expanded to include all members of the North Carolina Consumers Council, a nonprofit consumer interest group. This affiliation thereby gave eligibility to anyone who wanted to join the credit union who did not work for an affiliated employer. Today, anyone who wants to join the credit union but does not have eligibility can join the North Carolina Consumers Council for instant eligibility.

Coastal Federal Credit Union provides service to members worldwide through a network of 15 branches located in Apex, Cary, Durham, Garner, Raleigh, and the Research Triangle Park, the Transaction Call Center, which provides toll-free telephone access and mail capabilities, and its free Online Banking system.

External links[edit]

References[edit]

  1. ^ [1] 2011 Annual Report 1 April 2012.