Industry Press

The Press Center allows credit unions and their partners to share important news and keep accomplishments front and center in the credit union industry.

Coastal Credit Union Hires Bryan Sherrick, Chief Risk Officer & General Counsel By Coastal Federal Credit Union

In his role, Sherrick is tasked with building an enterprise-wide risk management function that will deliver an exceptional member experience while appropriately mitigating risks, meeting all compliance requirements, and satisfying regulatory requirements for large credit unions. He will also be responsible for ensuring a robust disaster recovery protocol and business continuity plan. Additionally, with his

Coastal Federal Credit Union January 17, 2025

Coastal and Truliant Credit Unions Partner to Launch Credit Union Auto Marketplace By Coastal Federal Credit Union

Coastal Credit Union and Truliant Federal Credit Union have partnered with TrueBuy Automotive to create Credit Union Auto Marketplace, a modern preowned auto-buying experience tailored for credit union members.

Coastal Federal Credit Union December 13, 2024

Coastal Credit Union Hires Two New Mortgage Vice Presidents By Coastal Federal Credit Union

Coastal Credit Union has hired Stacey Daniels as its new VP, Mortgage Operations and Kevin Holton as VP, Mortgage Sales. Daniels will lead the strategic development and execution of Coastal’s mortgage operations, focusing on enhancing operational workflows, improving system efficiencies, and ensuring compliance with regulatory standards. She will work closely with the mortgage sales and

Coastal Federal Credit Union December 6, 2024

Coastal Credit Union School Supply Drive Benefits 29 Local Schools By Coastal Federal Credit Union

Coastal Credit Union recently delivered nearly 11,000 school supplies to 29 Elementary schools throughout the counties that the credit union serves. Supplies were delivered during the first two weeks of November, and each school received a box with more than 375 items. Supplies were collected at Coastal branches and headquarters during the credit union’s Back-to-School

Coastal Federal Credit Union November 21, 2024

Coastal Credit Union Collecting Toys for Tots By Coastal Federal Credit Union

Coastal Credit Union has partnered with iHeart Radio and the United States Marine Corps to sponsor this year’s Toys for Tots: Stuff-a-Bus campaign. Now through December 6th, each Coastal branch will have collection barrels for members and the community to donate a new, unwrapped gift that will go to a child in need in the

Coastal Federal Credit Union November 15, 2024

Coastal Credit Union Promotes Marin Sawyer to VP of Deposit Operations By Coastal Federal Credit Union

Coastal Credit Union has promoted Marin Sawyer to VP of Deposit Operations. In her role, Sawyer will develop and execute Coastal’s deposit and payment services strategies in support of the credit union’s overall strategic plan. She will lead deposit and payment services process improvement, direct service delivery operations, build highly competent customer service teams, and

Coastal Federal Credit Union November 1, 2024

Coastal Credit Union Foundation Grants Nearing $1 Million for 2024 By Coastal Federal Credit Union

The Coastal Credit Union Foundation has awarded $260,000 to 19 nonprofits in North Carolina during its Q4 2024 grant cycle, which brings the total foundation grants to $965,500 for the year. The 19 grants given to these nonprofits will improve access to resources and support financial well-being programs throughout our local communities. Grants include $20,000

Coastal Federal Credit Union October 18, 2024

Coastal Credit Union Foundation and Carolinas Credit Union Foundation Award Scholarship Funds to Eleven Students By Coastal Federal Credit Union

The Coastal Credit Union Foundation, in partnership with Carolinas Credit Union Foundation, is proud to announce eleven recipients of the Credit Union Scholarship Program, totaling $33,000 awarded in scholarship funds. All scholarships are merit based, with three being larger amounts based on financial needs.

Coastal Federal Credit Union July 3, 2024

Coastal Credit Union Foundation and Habitat for Humanity Unveil Latest Home in Chapel Hill By Coastal Federal Credit Union

On June 29, the Coastal Credit Union Foundation and Habitat for Humanity of Orange County celebrated the nonprofit’s newest homebuyers in the Gattis Court community in Chapel Hill. Officials from the Town of Chapel Hill joined representatives from the foundation, Coastal Credit Union, Compass Center and Habitat for Humanity for the ceremony. The Gattis Court

Coastal Federal Credit Union July 2, 2024

Coastal Credit Union Foundation Awards $438k in Grants By Coastal Federal Credit Union

The Coastal Credit Union Foundation has awarded $438,000 to 16 nonprofits in North Carolina during its Q2 2024 grant cycle. The sixteen grants given to these nonprofits will improve access to resources and support financial well-being programs throughout our local communities. Grants include $100,000 to the United Way of the Greater Triangle, which will continue

Coastal Federal Credit Union June 21, 2024

Coastal Credit Union’s Daymark Realty Reaches Five Million Dollar Savings Milestone By Coastal Federal Credit Union

Coastal Credit Union’s real estate subsidiary, Daymark Realty, reached another milestone this month, having saved Coastal members more than $5 million in real estate fees since the service launched in 2007. Savings are calculated as the difference between the listing fees that members pay versus typical fees in the market.

Coastal Federal Credit Union June 21, 2024

Coastal Credit Union and Ripe for Revival Debut New Mobile Food Market By Coastal Federal Credit Union

On June 13, Coastal Credit Union and Ripe for Revival hosted a ribbon cutting and announcement of their new partnership. The event showcased Ripe for Revival’s new Coastal-branded mobile food market that will participate in community events feeding those in need. Funding for the mobile market was made possible in part through more than $100,000

Coastal Federal Credit Union June 17, 2024

Coastal Credit Union Named to the 2024 Best Employers List by Business North Carolina Magazine By Coastal Federal Credit Union

Business North Carolina magazine has announced that Coastal Credit Union has been named one of its 2024 North Carolina Best Employers. This is the seventh time that Coastal has won the award over the past eight years, and it marks the tenth year in a row that the credit union has earned at least one

Coastal Federal Credit Union June 11, 2024

Coastal Credit Union Hires Doreen Duffy, VP of Human Resources By Coastal Federal Credit Union

Coastal Credit Union has hired Doreen Duffy as VP of Human Resources. In her role, Duffy will develop and execute Coastal’s human resources strategy in support of the credit union’s overall strategic plan. She will be responsible for succession planning, talent management, performance management, benefits, and compensation. She and her team will work proactively with

Coastal Federal Credit Union June 11, 2024

Coastal Credit Union Surpasses $5 Billion in Assets By Coastal Federal Credit Union

Coastal Credit Union announced today that it has reached $5 billion in assets. Coastal initially hit the $5 billion mark at the end of January, and growth has continued through the spring. Through the end of April, Coastal’s assets are $5.148 billion.

Coastal Federal Credit Union May 10, 2024

Ewelina Caplap Named Program Manager, Coastal Wealth Management By Coastal Federal Credit Union

Ewelina Caplap has been appointed as Program Manager of Coastal Wealth Management, available through CFS*. In her role, Caplap will oversee the management of Coastal’s program, which covers investments, insurance, financial planning, trusts, and estate planning. Caplap brings 20 years of financial services experience to the role, primarily in investments, insurance, and operations. She has

Coastal Federal Credit Union February 12, 2024

Coastal Credit Union Names Two New Vice Presidents By Coastal Federal Credit Union

Coastal Credit Union announced that it has named two new vice presidents, in Marketing and Learning & Development. Michelle Shelton has been hired as VP, Marketing. In this role, Shelton and her department will be responsible for all aspects of Coastal’s branding, advertising, product growth, and membership growth. She’ll also be responsible for the credit

Coastal Federal Credit Union January 10, 2024

Coastal Credit Union Foundation Gives Three New Grants to North Carolina Nonprofits By Coastal Federal Credit Union

The Coastal Credit Union Foundation announced today that it has awarded $78,500 to three nonprofits in North Carolina. The Foundation prioritizes funding projects in four key areas: promoting financial well-being, increasing affordable housing, supporting financial education, and improving access to resources.

Coastal Federal Credit Union November 27, 2023

Coastal Credit Union Honored Among Greater Triangle Civic 50 By Coastal Federal Credit Union

On October 25, Activate Good and Points of Light recognized Coastal Credit Union, as one of the companies honored in the Greater Triangle’s first-ever Civic 50. The honor represents Coastal’s commitment to the Triangle community and overall positive corporate citizenship.

Coastal Federal Credit Union October 27, 2023

Coastal Credit Union Launches Early Pay, Cuts Go Green Transaction Requirements in Half By Coastal Federal Credit Union

Coastal Credit Union has announced two new enhancements to its deposit products, designed to improve members’ experience, particularly for checking account holders. Effective today, Coastal is introducing Early Pay, a feature that allows members with eligible incoming Automated Clearing House (ACH) deposits faster access to their money. The biggest beneficiaries will be members with direct

Coastal Federal Credit Union October 26, 2023

Coastal Credit Union Foundation Awards 11 New Grants to Local Nonprofits By Coastal Federal Credit Union

The Coastal Credit Union Foundation announced today that it has awarded $230,300 to 11 nonprofits in North Carolina. The Foundation prioritizes funding projects in four key areas: promoting financial well-being, increasing affordable housing, supporting financial education, and improving access to resources. This year, the Foundation has already provided $875,300 to a wide variety of nonprofit

Coastal Federal Credit Union October 17, 2023

Coastal Credit Union Earns 2023 Leaders in Diversity Award By Coastal Federal Credit Union

Coastal Credit Union has been named one of the 2023 Leaders in Diversity by the Triangle Business Journal. The award was presented during a ceremony on October 12, and Coastal is profiled in the October 13 edition of the business journal. This is the second time that Coastal has won the award since 2020.

Coastal Federal Credit Union October 13, 2023

Coastal Credit Union Named Among Triangle’s Healthiest Employers for the 13th Time By Coastal Federal Credit Union

Coastal Credit Union has been recognized as one of the Healthiest Employers of the Triangle for 2023. This is the 13th time that Coastal has been named a Healthiest Employer of the Triangle, including the past eight years in a row. It is one of four workplace awards that the credit union has earned this

Coastal Federal Credit Union October 11, 2023

Coastal Credit Union Names Patrick Livingston VP of Tech Infrastructure and IT Operations By Coastal Federal Credit Union

Coastal Credit Union has named Patrick Livingston as Vice President of Tech Infrastructure and IT Operations. In his new role, Livingston will be responsible for Coastal’s technology infrastructure and providing the organization with technology solutions that are reliable, secure and sustainable. He and his team will ensure that the credit union’s systems support its current

Coastal Federal Credit Union October 4, 2023

Cooperative Block Party Draws Crowd to Downtown Raleigh By Coastal Federal Credit Union

On Saturday, September 23, Coastal Credit Union, Weaver Street Market, and several area cooperatives hosted a Cooperative Block Party, which was the first of its kind in the Raleigh area.

Coastal Federal Credit Union September 29, 2023

Coastal Credit Union Hires Mia Vista Perez as Chief Administrative Officer By Coastal Federal Credit Union

Perez brings more than 30 years of credit union experience to Coastal, including 11 years as Chief Administrative Officer and Chief Strategy and People Officer at Louisiana Federal Credit Union. She previously worked at GNO Federal Credit Union and Jefferson Financial Federal Credit Union, also in Louisiana. Coastal’s Employee Experience, Employee Development, Marketing, Communication, and

Coastal Federal Credit Union September 18, 2023

Coastal Credit Union Foundation Provides 14 New Grants to Local Nonprofits By Coastal Federal Credit Union

The Coastal Credit Union Foundation announced today that it has awarded $325,000 to 14 nonprofits in North Carolina. The Foundation focuses on funding projects in four key areas: promoting financial well

Coastal Federal Credit Union September 14, 2023

Coastal Credit Union Wins Two Best Workplace Awards By Coastal Federal Credit Union

This month, Coastal Credit Union has earned two awards for being a top employer. The Triangle Business Journal and American Banker have both named Coastal among their best places to work for 2023.

Coastal Federal Credit Union August 28, 2023

Coastal Credit Union Foundation Grant Erases $2.2 Million in Medical Debt By Coastal Federal Credit Union

The Coastal Credit Union Foundation announced that a grant to RIP Medical Debt has helped erase nearly $2.2 million in medical debt owed by central North Carolinians.

Coastal Federal Credit Union August 10, 2023

DURHAM BULLS AND COASTAL CREDIT UNION RELAUNCH ‘BULLIEVE IN EDUCATION’ CAMPAIGN By Coastal Federal Credit Union

Today the Durham Bulls and Coastal Credit Union renewed their community recognition campaign of teachers across our region. This campaign will call for nominations from the community and one winner will be picked each month, with that winner’s family and class invited to a Bulls game to join in the celebration of their achievements.

Coastal Federal Credit Union June 29, 2023