Coastal Federal Credit Union

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A short history of Coastal FCU

Since its inception in 1967 the Coastal Federal Credit Union has been serving its members in the RALEIGH, North Carolina area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Chuck Purvis, the Coastal FCU has grown its membership to over 235,886 with assets of more than $2,903,742,856. They have a main office and 22 branch offices. Please see the credit unions website or contact them by phone at (919) 420-8000 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in RALEIGH, NC.

General Information For Coastal FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 18297
Address PO BOX 58429 
State North Carolina 
Zip-Code 27658
Phone Number (919) 420-8000
Fax Number () -
Email Address:
CEO/President Chuck Purvis
Members 235,886 
Full-Time Employees 471 
Part-Time Employees
Number of Branch Offices 22 
Total Assets 2,903,742,856 

Compare Coastal Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Shaw University CU 201 TUPPER HALL 118 E South St 27601 (919) 546-8440 No 0.08
Local Government CU Corporate Office 323 W Jones St Ste 600 27603 (919) 755-0534 No 0.81
North Carolina Press Association CU Corporate Office 119 N Salisbury St 27690 (919) 839-5338 No 1.06
State Employees' CU THOMASVILLE 1700 LIBERTY DR 27360 (336) 476-2977 No 2.36
Electel Cooperative CU Caswell 300 Rascoe Dameron Rd 27217 (336) 421-1296 No 7.22

Coastal Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Coastal Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.00 2.79 4.64 3.25 8.04
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 411 119 283 44 476
Rank Among All North Carolina Credit Unions 30 10 27 5 30

Coastal Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 2.23 0.10 1.01 0.40 0.65
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 16 129 19 284 205
Rank Among All North Carolina Credit Unions 1 13 3 29 13
Coastal Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.00027,47188,508,143
All Other Unsecured Loans/Lines of Credit 9.98018,22432,664,797
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 8.5001,75453,736,926
New Vehicle Loans 2.79014,298348,538,923
Used Vehicle Loans 4.64044,406703,393,085
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.2503,561864,376,888
Total Other Real Estate Loans/Lines of Credit 8.0408,150217,258,486
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 9.9801,71147,552,345
TOTAL LOANS & LEASES 119,5752,356,029,593

Coastal Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 1,215206,663,389540115,814,105
    b. 15 Years or less 1,216138,295,34018031,847,047
    a. > 15 years 773419,852,060102107,181,558
    b. 15 Years or less 33794,468,051328,658,330
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 91,722,08800
Adjustable Rate > 1 yr 113,375,96000


Closed-End Fixed Rate 1,22146,369,10122110,111,158
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 6,768168,761,7443,46057,793,876
Open-End Fixed Rate 1612,127,64100
TOTALS 11,7111,081,635,3744,535331,406,074


Interest Only & Payment Option 1st Mortgage Loans 11,200,0000
Interest Only & Payment Option Other RE/LOC Loans 1,11856,517,01818,629,434
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Coastal Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes