Average User Rating:3 star rating based on 1 review.
Coastal Federal Credit Union
Coastal Federal Credit Union Locations|
1000 Saint Albans Dr Raleigh, NC 27609 919-420-8000 www.coastal24.com  |
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Coastal Federal Credit Union is headquartered in RALEIGH and is the 2nd largest credit union in the state of North Carolina. It is also the 62nd largest credit union in the nation. It was established in 1967 and as of December of 2012, it had grown to 392 employees and 177,083 members. Coastal Federal Credit Union's savings rates are 3X the national average, and it boasts a 5-star health rating.
Coastal Federal Credit Union Routing Number: 253175494
Related Posts
In November of 2011, Ken did an updated review of this credit union. At the time, the rate on its Go Green Checking had been increased from 2.0% and the cap had remained unchanged at $50k, but the transaction requirement had increased from 12 to 30.
Coastal Federal Credit Union has been offering its reward checking account, the Go Green Checking , for about four years. I first reviewed it in early 2008. Like all deposit accounts, rates have falle ...
Coastal Federal Credit Union changes to reward checking rates with a new tier structure effective 10/1/11. Balances up to $50K 0-11 debit transactions pays 0.10% 12-29 debit transactions pays 1.01% 30+ transactions pays 2.48% The 30+ tier to get
Coastal FCU received praise from Clark Howard recently (see his show notes), due to their new overdraft policy: Customers must meet one of two criteria to get the penny charge (instead of the credit union's usual $28 overdraft charge): They must either
2008
- 2/11 - High-Yield Reward Checking Account at a North Carolina CU - Easy Membership (Coastal)
- 1/16 - 5.01% 15-Month / 5.15% 60-Month CD at a North Carolina CU - easy membership (Coastal).
2007
- 9/25 - 5.50% 15-Month CD at a North Carolina CU Continues (Coastal)
- 5/16 - 5.50% 15-Month CD at a North Carolina CU Continues (Coastal) - Easy Membership
- 3/14 - 5.50% 15-Month CD at a North Carolina CU (Coastal)
See Rates for: Checking | Savings | Money Market | CD | IRA
Coastal Federal Credit Union Checking Account Rates
Coastal Federal Credit Union Savings Account Rates
Coastal Federal Credit Union Money Market Rates
Coastal Federal Credit Union CD Rates
Coastal Federal Credit Union IRA Rates
| Apy | Min | Max | Product | |
| 0.85% | $100k | - | 60 Month IRA | |
| 0.85% | $100k | - | 60 Month Roth IRA | |
| 0.85% | $100k | - | 60 Month SEP IRA | |
| 0.80% | $100k | - | 48-59 Month IRA | |
| 0.80% | $100k | - | 48-59 Month Roth IRA | |
| 0.80% | $100k | - | 48-59 Month SEP IRA | |
| 0.75% | $500 | - | Special 24 Month Add On IRA | |
| 0.75% | $500 | - | Special 24 Month Add On Roth IRA | |
| 0.75% | $500 | - | Special 24 Month Add On SEP IRA | |
| 0.70% | $100k | - | 36-47 Month IRA | |
| 0.70% | $100k | - | 36-47 Month Roth IRA | |
| 0.70% | $100k | - | 36-47 Month SEP IRA | |
| 0.60% | $100k | - | 24-35 Month IRA | |
| 0.60% | $100k | - | 24-35 Month Roth IRA | |
| 0.60% | $100k | - | 24-35 Month SEP IRA | |
| 0.55% | $100 | - | Special 12 Month Student IRA | |
| 0.55% | $100 | - | Special 12 Month Student Roth IRA | |
| 0.55% | $100 | - | Special 12 Month Student SEP IRA | |
| 0.40% | $100k | - | 12-23 Month IRA | |
| 0.40% | $100k | - | 12-23 Month Roth IRA | |
| 0.40% | $100k | - | 12-23 Month SEP IRA | |
| 0.30% | $100k | - | 182 Day IRA | |
| 0.30% | $100k | - | 182 Day Roth IRA | |
| 0.30% | $100k | - | 182 Day SEP IRA | |
| 0.20% | $50k | - | 7-90 Day Mini Jumbo IRA | |
| 0.20% | $50k | - | 7-90 Day Mini Jumbo Roth IRA | |
| 0.20% | $50k | - | 7-90 Day Mini Jumbo SEP IRA |
Data for Q4 2012
Institution Statistics
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Institution Health
Overall Score:
5 out of 5 
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3-year Term IRA CD
1.21% APY
Capital One 360
360 Checking Account
0.85% APY
The Rates Make Them Worth It- But If You Need Personal Help- You Are On Your Own!
Good:
Rates are great, get free debit, interest checking (1%), good loans.
Bad:
Customer service is super weak. If you are techno savvy, you can find all kinds of good stuff on their website to help you. But, if you are like me, not all that great with a computer, you won't get any help.
Example 1- Recently went into a branch to change my address. I filled out a form- done right? No. Ended up having to email them yesterday and ask what went wrong. So now it's fixed? ( I had the same with my last move too.)
Example 2- A couple of years ago, I applied for a housing loan. Approved, and I was linked with a virtual loan officer. I emailed asking for advice, help, check list (Clueless first time home buyer here). I received an automated reply with my name inserted- not helpful.
So I drove out to the branch. Another random loan officer gave me five minutes of her time, and was in a big hurry to hustle me out. (Kinda weird, since the bank was virtually customer free on that afternoon). I told her I had found a condo I was interested in, what should I do next? She gave me a minimal form to fill out for the bank. Felt real insecure about the whole process, and decided to put off buying a house for another few years.
Now, after doing research on their website, I find out not only are they affiliated with a real estate firm (Daymark), they also offer first time home buyer's seminars. Why didn't they tell me about this? It would have taken the loan officers 5 minutes to tell me!
And the change of address? They could have sent me an email. But they didn't. 2nd time this happened. I'm still not sure if it's fixed, and I'm preparing to open some other bank accounts.
Overall
Call 1-800-WTF-CFCU for a good time.