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 Named to Forbes Best Credit Unions in NC for Fourth Consecutive Year By Coastal Federal Credit Union

Coastal Credit Union has been named to the Forbes list of Best Credit Unions in Each State 2023. This is the fourth year in a row that Coastal has been included on the list, which is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

Coastal Federal Credit Union June 29, 2023

Coastal Credit Union Opens First Standalone Drive-Up Interactive Teller Machine in Morrisville By Coastal Federal Credit Union

Coastal Credit Union has installed a new dual-function, drive-up interactive teller machine (ITM) located in the parking lot of Walmart at 1001 Shiloh Glenn Drive in Morrisville. It is the first standalone drive-up ITM not directly onsite at a Coastal branch.

Coastal Federal Credit Union June 28, 2023

Coastal Credit Union Foundation Awards Grants to Three Local Nonprofits By Coastal Federal Credit Union

The Coastal Credit Union Foundation announced today that it has awarded $170,000 to three nonprofits in North Carolina. The Foundation’s most recent grantees include: • Catholic Charities of the Dioceses of Raleigh $30K • The Women’s Center of Wake County $40K • Band Together and United Way: Mighty Giveback $100K

Coastal Federal Credit Union June 23, 2023

Coastal Credit Union Hires Matt Huss, VP of Finance & Treasury By Coastal Federal Credit Union

Coastal Credit Union has hired Matt Huss as VP, Finance & Treasury. In this role, Huss will be responsible for providing Coastal leadership with the information and guidance necessary to make sound financial decisions and fulfill Coastal’s mission and vision. Huss will lead a team focused on optimizing the credit union’s balance sheet and delivering

Coastal Federal Credit Union May 22, 2023

Coastal’s Bill Smith Retires After 53 Years of Volunteer Service By Coastal Federal Credit Union

Coastal Credit Union board member Bill Smith has announced his retirement on May 15 after an incredible 53 years of service to the credit union. During the majority of his tenure, Mr. Smith served as the Secretary/Treasurer of the board, with terms as Vice Chair and Chair, and participated in several committees.

Coastal Federal Credit Union May 15, 2023

Coastal Credit Union Hires Dean Shannon as VP, Data Engineering and Platforms Architecture By Coastal Federal Credit Union

Coastal Credit Union has hired Dean Shannon as its new VP of Data Engineering and Platforms Architecture. In this role, he will be responsible for managing the team that builds critical data solutions and provides a strong platform foundation and function. His contributions will play a vital role in transformation initiatives, execution of strategy, and

Coastal Federal Credit Union May 12, 2023

Coastal Credit Union Foundation Announces Grants for Local Community Organizations By Coastal Federal Credit Union

The Coastal Credit Union Foundation announced today that it has granted $78,000 to five community organizations in central North Carolina

Coastal Federal Credit Union May 9, 2023

Coastal Credit Union Names Vice Presidents for Consumer Lending and Business Applications By Coastal Federal Credit Union

Coastal Credit Union announced today two new Vice Presidents, in Consumer Lending and Business Applications.

Coastal Federal Credit Union April 13, 2023

Coastal Credit Union Foundation Funds Two Habitat for Humanity Builds in Honor of Retiring CEO Chuck Purvis By Coastal Federal Credit Union

The Coastal Credit Union Foundation has granted $100,000 each to Habitat for Humanity of Orange County and Habitat for Humanity of Durham County to fund the building of two homes in honor of Coastal’s retiring CEO, Chuck Purvis and his wife, Gail Purvis.

Coastal Federal Credit Union March 16, 2023

Coastal Credit Union Named Among Best Mortgage Companies to Work For By Coastal Federal Credit Union

Coastal Credit Union has been named as one of the 2023 Best Mortgage Companies to Work for. This program was created by National Mortgage News and Best Companies Group.

Coastal Federal Credit Union March 10, 2023

Coastal Credit Union Returned $71.4 Million to Members in 2022 By Coastal Federal Credit Union

This morning, Coastal Credit Union issued nearly $4 million in special dividends to eligible members through its Loyalty Bonus program. The payout was shared among more than 79,000 members. The total Loyalty Bonus dividend is based on Coastal’s overall performance in 2022. Individual shares of the payout are then calculated based on each member’s aggregate

Coastal Federal Credit Union February 14, 2023

Coastal Credit Union Hires Sean Flynn, PhD as VP, Analytics & Insights By Coastal Federal Credit Union

Coastal Credit Union has hired Sean Flynn, PhD as the organization’s new VP of Analytics & Insights. In this role, Flynn will lead Coastal’s efforts to build and leverage an advanced internal data analytics system to provide the insights needed to meet growth objectives and key performance indicators. In addition to managing the Analytics and

Coastal Federal Credit Union February 8, 2023

Coastal Credit Union Names Tyler Grodi President & CEO By Coastal Federal Credit Union

Coastal Credit Union’s board of directors announced today that Tyler Grodi will become its next President & CEO, effective April 1. Grodi will succeed Chuck Purvis, who is retiring at the end of March after 11 years at the helm of the organization.

Coastal Federal Credit Union February 6, 2023

Coastal Wealth Management Advisors Earn Awards for Outstanding Performance By Coastal Federal Credit Union

CFS* Financial Advisors Jonah Kaufman and Catherine Bryant earned Gold Pacesetter Awards for meeting and exceeding production goals and providing outstanding client service.

Coastal Federal Credit Union January 30, 2023