Coastal Federal Credit Union
Headquarters
Po Box 58429
Raleigh, NC 27658
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Phone 1-919-420-8000
2024 Overview
General Credit Union Information
Coastal is an NCUA insured institution located in Raleigh, NC. It was founded in 1967 and has approximately $4993.91 millions in assets.
Who can join?
Membership as an Employee or Member of Coastal's Business Partners
Coastal has a multiple common bond charter and through the addition of Business Partners, Coastal now serves more than 1,000 companies and associations.
Family Membership
Membership is also available to the immediate family and household of eligible members. Immediate family is defined as spouse, child, sibling, parent, grandparent or grandchild. This includes stepparents, stepchildren, step siblings and adoptive relationships. Household is defined as persons living in the same residence maintaining a single economic unit.
Join the NCCC - North Carolina Consumers Council Membership
NCCC is a non-profit, statewide consumer advocacy organization that addresses topics such as tax law fairness, telemarketing, energy efficiency, consumer product safety and NC playground safety. By choosing to join the NCCC, you qualify for Coastal Federal Credit Union membership. The $18 NCCC membership fee will be deducted from your initial deposit to your Coastal Primary Savings account.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 18297 |
| Date Established | 1967 |
| Assets | $4,993.91 million |
| Loans | $4,145.40 million |
| Deposits | $4,354.33 million |
| Capital | $502.94 million |
Field of Membership Restrictions
Membership in Coastal Federal Credit Union is open to anyone through joining the North Carolina Sustainable Energy Association ($18 membership fee) or the North Carolina Consumers Council ($18 membership fee). Membership is also open to employees of North Carolina Cancer Centers, American Computer Solutions, FlashPoint Technology, Inc. and over 1,000 other Select Employer Groups.
Deposit Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.10% | $25 | - |
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Money Market
|
2.00% | $0 | - |
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|
Premium Money Market Account
|
3.50% | $0 | - |
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| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
5.50% | $250 | - |
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| 12 Mo CD
|
5.00% | $250 | - |
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| 18 Mo CD
|
4.75% | $250 | - |
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| 24 Mo CD
|
4.80% | $250 | - |
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| 36 Mo CD
|
4.00% | $250 | - |
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| 48 Mo CD
|
3.90% | $250 | - |
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| 60 Mo CD
|
3.80% | $250 | - |
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| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
3.00% | $0 | - | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Go Green Checking Premium | 2.00% | $0 | $0.00 | Learn More |
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
4.74% | 4.74% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 3.44% | 3.44% | $731.89 | |
| 4 Year | 3.44% | 3.44% | $558.23 | |
| 5 Year | 3.44% | 3.44% | $454.12 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo See Amortization Table |
6.65% | 6.63% | $2,809.58 | |
| 15 Year Fixed Conforming See Amortization Table |
6.67% | 6.63% | $2,809.58 | |
| 20 Year Fixed Conforming See Amortization Table |
7.16% | 7.13% | $2,505.99 | |
| 30 Year Fixed Conforming See Amortization Table |
7.28% | 7.25% | $2,182.96 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.39% | 7.38% | $2,210.16 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo See Amortization Table |
6.65% | 6.63% | $2,809.58 | |
| 15 Year Fixed Conforming See Amortization Table |
6.67% | 6.63% | $2,809.58 | |
| 20 Year Fixed Conforming See Amortization Table |
7.16% | 7.13% | $2,505.99 | |
| 30 Year Fixed Conforming See Amortization Table |
7.28% | 7.25% | $2,182.96 | |
Compare with 6.818% APR and 6.625% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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| 30 Year Fixed Jumbo See Amortization Table |
7.39% | 7.38% | $2,210.16 | |
|
Compare with 6.818% APR and 6.625% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Coastal branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
COASTAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Coastal Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Coastal. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Coastal | U.S. Average |
|---|---|
| 13.14% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Coastal had $69,876,069 in non-current loans and $1,234,669 in owned assets. To cover these potential losses it had $502,937,185 in net worth and $38,299,022 in loans loss reserves. That gives it a Texas Ratio of 13.14%.
Net Worth
| Coastal | U.S. Average |
|---|---|
| 10.06% | 13.62% |
Coastal FCU has a net worth of 10.06% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Coastal
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