Frank Papa was looking to grow his pet supply store, Phydeaux. With the help of Coastal Credit Union, Frank was able to move his business into a new space, saving him money on rent. Now Phydeaux is thriving with a prominent location in Raleigh.
Frank and Steve had a dream to be their own boss. With the help of Coastal Credit Union, they were able to form Magellan Logistics, a custom packing and crating company. Today, Magellan Logistics is thriving in our community.
Credit unions are about people helping people and that includes our very own employees. Coastal Cares is a program that is designed to do just that: provide Coastal employees the opportunity to help their fellow co-workers.
For example, our backpack program gives Coastal employees the chance to donate much needed school supplies for other employees.
On August 31, 2017, Coastal Credit Union turned 50 years old. We asked some members and employees what they thought of Coastal hitting this milestone.
Thank you to all of our members, employees, and volunteers for your continued support in helping Coastal thrive. We look forward to 50 more years of serving our community!
Thanks to a unique partnership between the Coastal Federal Credit Union Foundation and The Kenan Fellows Program, Durham Public Schools Teacher Emmalea Couch, who is finishing up an internship at Coastal’s corporate headquarters, will leave the Coastal Community Engagement team with a comprehensive resource on financial literacy that they will share with their community partners going forward. This is the story of that partnership.
On September 25th, 2015, Coastal employees participated in the United Way of the Greater Triangle’s “Collect. Create. Feed.” group project and food drive at the Triangle Town Center Mall. Thanks to their efforts, Coastal’s replica of Cape Hatteras Light House, “The Guiding Light of North Carolina”, won for “Most Creative” as well as the “Ingenuity Award”.
On Saturday, August 26th, we gave back to our members by hosting Coastal Family Day at the Coastal Music Park. A big thank you to all the members and employees who came out to enjoy the food, rides, and games!
In May 2016, Coastal Credit Union became Habitat Wake’s first and largest community lending partner. In its first year, Coastal has leveraged mortgages for more than 15 families, which is increasing Habitat Wake’s capacity to build more safe, affordable homes.
In 1998, credit unions were facing a battle for their very existence against the big banks. Larry Wilson, former President/CEO of Coastal Federal Credit Union, played a large role in helping to protect consumer rights with H.R. Bill 1151. This allowed credit unions to remain tax free and continue to expand their membership.
Join us as we look back at over 50 years of innovation at Coastal Credit Union.