Private company

Coastal Federal Credit Union

Logo: Haelliott, CC BY-SA 3.0, via Wikimedia Commons4

Financial cooperative in North Carolina, US

Coastal Federal Credit Union is a not-for-profit, member-owned financial cooperative located in Raleigh, North Carolina. As of 2022, Coastal had $4.6 billion in assets and more than 323,000 members.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1967Founded1
  • Industryfinancial services1
  • HeadquartersRaleigh1
  • Websitewww.coastal24.com
  • Legal formcredit union3
  • LEI549300MRP46SVQMWOE813
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address1000 Saint Albans Dr, 27609 Raleigh, United States3
  • Registered withNational Credit Union Administration, 182973

Coastal Federal Credit Union is a not-for-profit, member-owned financial cooperative located in Raleigh, North Carolina. As of 2022, Coastal had $4.6 billion in assets and more than 323,000 members.2

The story

Established in August 1967, Coastal was formed through the efforts of eight employees of International Business Machines Corporation (IBM) to meet the financial needs of the local IBM community in Raleigh. In 1991, the field of membership was expanded to include employees of other businesses throughout certain North Carolina areas. Today, Coastal serves employees of more than 1,700 businesses and associations.

Coastal was a pioneer in the area of video banking, and in 2010 became the first institution in the world to convert 100 percent of its teller operations to video tellers.

Coastal operates 23 branches in central North Carolina and serves members in all 50 states through a network of 5,000 branches, 80,000 ATMs, mobile banking featuring check deposit, and robust offering of online services.

From Wikipedia’s article on Coastal Federal Credit Union, shared under CC BY-SA 4.0.5

Products and brands

  • savings account

Listed on Wikidata.1

Timeline

  1. 1967Founded Founded1