Coastal Credit Union (NC)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.00% | Reward Checking | 1.73% - National Average |
| 2.00% | Money Market | 2.20% - Barclays Online Savings Account |
| 3.00% | 5-year CD | 2.27% - National Average |
Coastal Credit Union (NC) is headquartered in Raleigh and is the 2nd largest credit union in the state of North Carolina. It is also the 69th largest credit union in the nation. It was established in 1967 and as of December of 2018, it had grown to 529 employees and 257,090 members at 18 locations. Coastal Credit Union (NC)'s money market rates are 5X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Coastal Credit Union is open to all North Carolina residents by joining the North Carolina Sustainable Energy Association ($18 membership fee). Membership is also open to employees of North Carolina Cancer Centers, American Computer Solutions, FlashPoint Technology, Inc., and more than 1,000 other Select Employer Groups.
See current membership details
Related Posts
11/4/11 - Updated Review of Coastal FCU's Reward Checking Account - NC, SC & VA Only
9/2/11 - Coastal Federal Rate And New Tier Structure
8/30/10 - Coastal Federal Credit Union's One Penny Overdraft Charge
12/24/09 - High-Yield Reward Checking Account at a North Carolina CU - Easy Membership (Coastal)
1/26/08 - 5.01% 15-Month / 5.15% 60-Month CD at a North Carolina CU - easy membership (Coastal).
9/25/07 - 5.50% 15-Month CD at a North Carolina CU Continues (Coastal)
5/16/07 - 5.50% 15-Month CD at a North Carolina CU Continues (Coastal) - Easy Membership
3/14/07 - 5.50% 15-Month CD at a North Carolina CU (Coastal)
CFCU provides banking the way I need it
I have been a member of Coastal Federal Credit union for several months. So far, the experience has been amazing. Setting up the account was easy, as I was able to do it online. There customer service team was very responsive in answering questions that I had and was able to quickly get my accounts activated. This is not a bank in the traditional sense I was used to. The tellers, including the drive-through, are mainly accessed electronically through kiosks. I initially thought this would be awkward, but it was a very seamless experience. The feature I have enjoyed the most has been their mobile banking app. In addition to easy mobile account access, I am able to scan and deposit checks using their mobile deposit feature. This has saved me many trips to the bank. Their automated bill-pay feature is also nice as I can schedule my bills for the month and not have to remember to manually pay each one. This has saved me the headache of missed payments and late fees. Try out CFCU if you are eligible, you will not be disappointed.
A Rocky Start, but Very Optimistic
My husband and I chose to try Coastal Credit Union after a lot of research and reviews from friends and family. Unfortunately, we had to pay $25 to join an organization that we don't particularly support in order to qualify to join Coastal, as we didn't already belong to any of the organizations that automatically qualify. We were also disappointed to learn that with joint accounts, there must be one primary account person - separate and secondary logins are not available, so I often have to do business as my husband. Aside from the rocky start however, service has been wonderful and you can't argue with the hours of teller availability (7am to 7pm every day!).
Coastal Credit Union - Nuts and Bolts.
My husband and I switched to Coastal Credit Union a couple of months ago. We did this for the better rates, for the small nature of the bank, and for the 7am - 7pm teller services offered. We also did it because a new location will be opening in our town for this particular bank. The transition has been disappointing to say the least. Only after switching did we learn that they cannot handle joint accounts properly - Instead, they made my husband the account owner with the sole login ability while I feel like a little girl accessing her daddy's bank account. Sure, I have my own debit card, but I don't even know if I could write a check without it being denied. In addition to this, they did not make it clear what numbers we would need to use to set up EFTs, so we were pounded with all kinds of bounced check fees when paying our bills during the first month. I am hoping that when the new physical location opens that I will receive much better service. As it is right now, deposited checks are processed more slowly than at our previous bank, and there is just an air of uncertainty with every financial transaction that we make.
Coastal Federal Credit Union is great
I really like Coastal Federal Credit Union. They have pretty good interest rates for checking and savings accounts, but the main reason why I like them is because the customer service is great. I also like that even though I live in a different state, they are connected to other partner credit unions so I can go to one in my area if I need something like a cashier's check or anything like that, or I can even do regular banking transactions such as withdrawing or depositing money into savings or checking at one of these pretty much the same as if I were at my home branch. I got my first debit (and credit) card at this bank when I was 16 years old and I was able to get set up with a very low limit and get started with personal banking with a checking and a savings account before many of my friends who didn't bank there were able to. Lastly as far as my personal bank accounts go, I like that they have a wonderful fraud detection system and as soon as there is even a hint of fraud on the account they are on top of things and notify me and take any other precautions to make sure that my accounts are safe.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 18297 |
| Year Chartered | 1967 |
| Employees | 529 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 9.62% |
| Annual Interest Income | $122.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $3.16B$2.91B |
| Loans | Q4 2018vs Q4 2017 | $2.74B$2.45B |
| Deposits | Q4 2018vs Q4 2017 | $2.69B$2.49B |
| Equity Capital | Q4 2018vs Q4 2017 | $330.9MM$309.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $22.5MM$20.4MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $13.3MM$12.4MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $1.7MM$1.8MM |
Always verify rates and promotions with the bank or credit union. We are not Coastal Credit Union (NC); we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Coastal Credit Union (NC) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | - | - | IRA Savings Account | |
| 1.50% | - | - | Health Savings Account (HSA) | |
| 0.10% | - | - | Savings | |
| 0.10% | - | - | Special Savings | |
| 0.10% | $25 | - | Business Savings |
Coastal Credit Union (NC) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $1m | Go Green Money Market (Premium Tier) | ||
| OTHER TIERS: 0.75% → $1m+ | |||||
| 0.35% | - | - | Go Green Money Market (Standard Tier) | ||
| 0.35% | - | - | Go Green Money Market (Base Tier) | ||
| 0.25% | $100 | - | Money Market | ||
| 0.25%* | $25k* | - | Business Money Market | ||
| OTHER TIERS: 0.15% → $5k - $25k | |||||
Coastal Credit Union (NC) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%* | - | $10k | Go Green Checking Premium - Qualifying | ||
| OTHER TIERS: 0.10% → $10k+ | |||||
| 3.00%* | - | $10k | Student Go Green Checking Premium - Qualifying | ||
| OTHER TIERS: 0.10% → $10k+ | |||||
| 0.51%* | - | $10k | Go Green Checking Standard - Qualifying | ||
| OTHER TIERS: 0.10% → $10k+ | |||||
| 0.51%* | - | $10k | Student Go Green Checking Standard - Qualifying | ||
| OTHER TIERS: 0.10% → $10k+ | |||||
| 0.10% | - | - | Go Green Checking Base- Qualifying | ||
| 0.10% | - | - | Student Go Green Checking Base- Qualifying | ||
| 0.05% | $1 | - | Business Dividend Checking | ||
Coastal Credit Union (NC) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $250 | - | 60 Month CD | |
| 2.90% | $250 | - | 48 Month CD | |
| 2.80% | $250 | - | 36 Month CD | |
| 2.75% | $250 | - | 27 Month Special Promotional CD | |
| 2.50% | $250 | - | 24 Month CD | |
| 2.25% | $250 | - | 12 Month CD | |
| 2.00% | $250 | - | 6 Month CD | |
| 1.25% | $10k | - | 24 Month Investor Choice Term Certificate | |
| 1.05% | $10k | - | 48 Month Investor Choice Term Certificate | |
| 0.80% | $10k | - | 36 Month Investor Choice Term Certificate | |
| 0.50% | $50k | - | 7-90 Day Mini Jumbo Special Promotional CD |
Coastal Credit Union (NC) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $250 | - | 60 Month IRA | |
| 2.90% | $250 | - | 48 Month IRA | |
| 2.80% | $250 | - | 36 Month IRA | |
| 2.75% | $250 | - | 27 Month Special Promotional IRA | |
| 2.50% | $250 | - | 24 Month IRA | |
| 2.25% | $250 | - | 12 Month IRA | |
| 2.00% | $250 | - | 6 Month IRA | |
| 0.50% | $50k | - | 7-90 Day Mini Jumbo Special Promotional IRA |
