Coastal Credit Union said on Thursday that it has passed two milestones: reaching $3 billion in assets for the first time and surpassing 250,000 in total membership.
The Raleigh, N.C.-based credit union said it achieved both of those marks at the end of June, and continued to grow throughout the third quarter.
Thus far in 2018 through September 30, the credit union has grown assets by 7.7 percent while membership has increased by 4.8 percent. As of the end of September, Coastal CU’s assets totaled $3.14 billion, while membership amounted to 253,700.
“Coastal’s growth is the product of a strong focus on taking great care of our membership and our community,” Chuck Purvis, Coastal’s president and CEO, said in a statement. “We listen to their needs, meet them where they are out in the community, and continuously work to help them bank better, so they can live better.”
Coastal CU posted net income more than $19 million in the first half of 2018, a 31 percent increase from the first half of 2017. Coastal was also
