RALEIGH, N.C. — Coastal Federal Credit Union announced today the launch of Daymark Realty, a real estate firm that will serve the Triangle area here.

Daymark, which will operate as a wholly-owned subsidiary of the $1.8 billion credit union, was formed out of a partnership between Coastal and existing realtors. The CUSO currently has seven licensed realtors and will be managed by broker-in-charge Louis Guillama and realtor Michael Laino, who bring to the company a combined 20 years of real estate experience, according to Coastal.

"While new to the Triangle, a credit union-owned realty company is a business model that has worked well in other markets; it's the right fit for Coastal, as well," said Larry Wilson, Coastal's president/CEO. "We're certain that the service that we've developed in Daymark Realty will provide the best benefit to the credit union, to our team of realtors and, most importantly, to anyone that takes advantage of our services."