Sep, 30, 2025 — COASTAL FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 22 branch locations and about $5.83 billion in total assets. Opened 59 years ago in 1967, COASTAL FEDERAL CREDIT UNION has about 342,227 members and employs 616 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COASTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1000 Saint Albans Dr RALEIGH, NC 27609 |
| Phone: | (919) 420-8000 |
| Fax: | |
| Website: | https://www.coastal24.com |
| Branches: | 22 branch locations |
| Members: | 342,227 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18297 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,827,641,702 |
| CEO/Manager: | Tyler Grodi |
| Chairperson: | Joan Nelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 659,928,194 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 454,063 |
| Real Estate Loans | 2,113,120,424 |
| Unsecured Loans | 222,784,440 |
| Other Loans | 1,878,239,056 |
| TOTAL LOANS | 4,214,464,366 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,114,474 |
| Land And Building | 84,223,927 |
| Other Fixed Assets | 13,242,142 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 43,846,117 |
| All Other Assets | 437,756 |
| TOTAL ASSETS | 5,827,641,702 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 230,000,000 |
| Accounts Payable & Other Liabilities | 51,782,121 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,002,214,447 |
| Regular shares | 1,302,780,852 |
| All Other Shares & Deposits | 2,681,323,543 |
| TOTAL SHARES & DEPOSITS | 4,986,318,842 |
| TOTAL LIABILITIES | 5,269,439,939 |
| Regular Reserve | 0 |
| Other Reserves | -15,257,780 |
| Undivided Earnings | 573,459,543 |
| TOTAL EQUITY | 558,201,763 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,827,641,702 |
| INCOME & EXPENSE | |
| Loan Income | 194,858,194 |
| Investment Income | 42,187,755 |
| Other Income | 9,683,824 |
| Total Employee Compensation & Benefits | 64,120,852 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 53,898,303 |
| Non-operating Income & (Expense) | -3,514,907 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,345,444 |
| Cost of Funds | 97,981,290 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 41,300,220 |
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