Coastal Federal Credit Union was originally chartered as an occupational credit union that served only the employees of IBM Corporation and their family members.

But in the early 1980s, the National Credit Union Administration (NCUA), our Federal regulatory, began allowing companies and associations unable to support their own credit unions to join an existing credit union. In the early 1990s, Coastal began serving companies and associations unable to support their own credit unions. Coastal now serves the employees of more than 1,000 companies and associations throughout the Raleigh-Durham and Charlotte areas. To verify whether your company has already joined as a Select Employee Group, explore Coastal’s complete directory of Employers and Associations!

A Select Employee Group is a company or an association that partners with Coastal Federal Credit Union in order to offer credit union membership as a no-cost enhancement to its employee’s benefit package. By joining Coastal, you give your employees a financially valuable opportunity that does not incur any cost to your company.

Some of the companies currently offering Coastal Federal Credit Union to their employees are: SAS Institute, Cisco Systems, Carolina Panthers, Ericsson, Highwoods Properties, Triangle United Way, and Time Warner Cable.

Your business could be next! If your company has at least 10 employees and is located within a 25-mile radius of any Coastal branch, then contact a member of Coastal’s Business Development Team today! Coastal's Business Development Team has the experience and knowledge to assist you with any questions you may have.