Coastal Federal Credit Union

1000 St. 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 2^nd largest credit union in the state of North Carolina. It is also the 59^th largest credit union in the nation. It was established in 1967 and as of September of 2011, it had grown to 376 employees and 190,725 members. Coastal Federal Credit Union's savings rates are 4X the national average, and it has a 4-star health rating.

Coastal Federal Credit Union Routing Number: 253175494

Updated Review of Coastal FCU's Reward Checking Account - NC, SC & VA Only - 11/4/2011

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 Rate And New Tier Structure (Forum) - 9/2/2011

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 Federal Credit Union's One Penny Overdraft Charge (Forum) - 8/30/2010

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

High-Yield Reward Checking Account at a North Carolina CU - Easy Membership (Coastal) - 2/11/2008

Update 12/24/09: The top rate is scheduled to fall to 2.25% APY starting the first of January 2010. Refer to the bottom of the post for the rate history.Coastal Federal Credit Union is offering a reward checking account called Go Green Checking. The...

2008

1/16 - 5.01% 15-Month / 5.15% 60-Month CD at a North Carolina CU - easy membership (Coastal).

2007

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See Rates for: Checking | Savings | Money Market | CD | IRA

Coastal Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
2.51%	-	$50k	Go Green Checking Premium
1.01%	-	$50k	Go Green Checking Standard
0.10%	-	$50k	Dividend Checking
0.10%	-	-	Business Dividend Checking

Coastal Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
2.00%	-	-	Health Savings Account (HSA)
0.65%	-	-	IRA Savings Account
0.65%	-	-	Roth IRA Savings Account
0.65%	-	-	SEP IRA Savings Account
0.10%	$25	-	Savings
0.10%	-	-	Special Savings
0.10%	$25	-	Business Savings
0.10%	-	-	Christmas Savings

Coastal Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.35%	$25k	-	Money Market
0.25%	$25k	-	Business Money Market

Coastal Federal Credit Union CD Rates

Apy	Min	Max	Product
1.05%	$100k	-	60 Month CD
1.01%	$100k	-	48-59 Month CD
0.90%	$100k	-	36-47 Month CD
0.70%	$100k	-	24-35 Month CD
0.65%	$100	-	Special 12 Month Student CD
0.50%	$100k	-	12-23 Month CD
0.35%	$100k	-	182 Day CD
0.20%	$50k	-	7-90 Day Mini Jumbo CD

Coastal Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	Special 24 Month Add On IRA
1.50%	$500	-	Special 24 Month Add On Roth IRA
1.50%	$500	-	Special 24 Month Add On SEP IRA
1.05%	$100k	-	60 Month IRA
1.05%	$100k	-	60 Month Roth IRA
1.05%	$100k	-	60 Month SEP IRA
1.01%	$100k	-	48-59 Month IRA
1.01%	$100k	-	48-59 Month Roth IRA
1.01%	$100k	-	48-59 Month SEP IRA
0.90%	$100k	-	36-47 Month IRA
0.90%	$100k	-	36-47 Month Roth IRA
0.90%	$100k	-	36-47 Month SEP IRA
0.70%	$100k	-	24-35 Month IRA
0.70%	$100k	-	24-35 Month Roth IRA
0.70%	$100k	-	24-35 Month SEP IRA
0.65%	$100	-	Special 12 Month Student IRA
0.65%	$100	-	Special 12 Month Student Roth IRA
0.65%	$100	-	Special 12 Month Student SEP IRA
0.50%	$100k	-	12-23 Month IRA
0.50%	$100k	-	12-23 Month Roth IRA
0.50%	$100k	-	12-23 Month SEP IRA
0.35%	$100k	-	182 Day IRA
0.35%	$100k	-	182 Day Roth IRA
0.35%	$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

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

COASTAL
NCUA #	18297
BankRate Report	View
Year Established	1967
Employees	376
Primary Regulator
Assets and Liabilities
Assets	$2.01 billion
Loans	$1.10 billion
Deposits	$1.66 billion
Equity Capital	$179.11 million
Loan Loss Allowance	$31.38 million
Unbacked Noncurrent Loans	$52.49 million
Real Estate Owned	$6.45 million
Historic Data - September 2010
Assets	$1.94 billion
Equity Capital	$148.08 million
Loan Loss Allowance	$47.98 million
Unbacked Noncurrent Loans	$79.47 million
Real Estate Owned	$2.09 million
Profit Margin - Quarterly
Net Interest Margin	4.47%
Return on Assets	1.42%
Return on Equity	15.94%
Interest Income	$64.30 million
Non-Interest Income	$22.09 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Coastal Federal Credit Union had $58.94 million in non-current loans and owned real-estate with $210.49 million in equity and loan loss allowances on hand to cover it. This gives Coastal Federal Credit Union a Texas Ratio of 28.00% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Coastal Federal Credit Union decreased slightly from 41.60% as of September 30, 2010 to 28.00% as of September 30, 2011, resulting in a positive change of 32.68%.This indicates that the balance sheet and financial strength for Coastal Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Coastal Federal Credit Union has increased its total deposits by $33.63 million, resulting in 2.07% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Coastal Federal Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Coastal Federal Credit Union has $2.01 billion in assets with $210.49 million in equity, resulting in a capitalization level of 10.50%, which is above average.