Supporting Non-Profits, One Penny at a Time
Our motto, We Share, comes to life in many ways. From the various ways we give back to our members to the ways we get involved in our community. One of the most effective ways we are able to do this is through the Coastal Credit Union Foundation.
And you play an active role in supporting our efforts every time you use your Coastal debit or credit card.
Because every time you use one of your Coastal cards, we donate a penny of the fee we receive from the merchant and put it in our Foundation.
A penny might not seem like a lot, but it adds up fast when you do a lot of transactions across our tens of thousands of members. How fast? That penny per transaction leads to more than $275,000 a year to help our community.
That money is used to support non-profits, particularly in the 16 county market of central North Carolina. Our Foundation seeks non-profits that support financial education, help the financially vulnerable, and reduce food insecurity.
“It’s all part of our effort to enrich the lives of our members and provide financial support to the communities we serve,” says Joe Mecca AVP of Communication for Coastal. “The penny-per-transaction program allows our members to actively support those efforts simply by choosing to pay with a Coastal card when they spend.”
And all those transactions are adding up. Soon, the Coastal Foundation will be donating our millionth dollar. So next time you use your Coastal card, you can do so knowing you are actively supporting your community.