Coastal Federal Credit Union

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Coastal Federal Credit Union

Creedmoor Road Branch in Raleigh, North Carolina
Type	Credit union
Industry	Financial services
Founded	1967
Headquarters	Raleigh, North Carolina, United States
Key people	Chuck Purvis (President and CEO)
Products	Savings; checking; consumer loans; mortgages; credit cards; investments; online banking; real estate brokerage; title insurance
Total assets	$3.955B USD (2020)
Website	COASTAL24.com

Coastal Federal Credit Union is a not-for-profit, member-owned financial cooperative located in Raleigh, North Carolina. As of 2020, Coastal had $3.955 billion in assets and more than 278,000 members.^[1]

History[]

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.^[2] Today, Coastal serves employees of more than 1,700 businesses and associations.

Coastal was a pioneer in the area of video banking, and in 2010 became the first institution in the world to convert 100 percent of its teller operations to video tellers.

Coastal operates 23 branches in central North Carolina and serves members in all 50 states through a network of 5,000 shared branches, 80,000 surcharge-free ATMs, mobile banking featuring mobile check deposit, and a robust offering of online services at www.COASTAL24.com.

External links[]

Wikimedia Commons has media related to Coastal Federal Credit Union.

• Official Coastal Federal Credit Union website

References[]

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