Coastal Federal Credit Union

Headquarters

Po Box 58429
Raleigh, NC 27658
See all branch locations →

Phone 1-919-420-8000

Notable Rates APY Vs.Others
Savings 0.10% 4.01% →
1-Year CD 0.75% 4.65% →
2-Year CD 0.75% 4.73% →
5-Year CD 0.75% 4.75% →
30-Year Mortgage 7.39% 4.91% →
15-Year Mortgage 6.67% 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Credit Union Information

Coastal is an NCUA insured institution located in Raleigh, NC. It was founded in 1967 and has approximately $4744.68 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 $4,744.68 million
Loans $3,548.50 million
Deposits $4,259.34 million
Capital $448.76 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 - December 1, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
Premium Money Market Account
0.75% $10,000 $14,999 Learn More
Premium Money Market Account
0.75% $25,000 $34,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.75% $10,000 $14,999 Learn More
6 Mo CD
0.75% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 $499 Learn MoreShow Less
Checking Rates APY MIN FEE
Go Green Checking Premium 2.00% $0 $0.00 Learn MoreShow Less

Loan Rates - December 1, 2022

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
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
Purchase Mortgage Rates APR Rate Monthly Payment

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:
Ashburn,Virginia


Coastal Locations



Climate Initiatives

COASTAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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
5.95% 4.24

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 June 30, 2022, Coastal had $28,528,324 in non-current loans and $491,269 in owned assets. To cover these potential losses it had $448,755,303 in net worth and $39,276,621 in loans loss reserves. That gives it a Texas Ratio of 5.95%.

Net Worth
Coastal U.S. Average
9.46% 12.40%

Coastal FCU has a net worth of 9.46% versus the BestCashCow average of 12.40. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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