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$100 bill with arrow pointing up Strong credit union growth. Source: Shutterstock

The Raleigh, N.C.-based Coastal Credit Union’s experience through the pandemic resulted in a record swell in deposits, assets and mortgage volume, sending the credit union past the $4 billion asset mark.

“We’re coming off a year where assets surged, fueled by an influx of deposits,” Chuck Purvis, president/CEO, said.  “The pandemic certainly affected member behavior, and many members who could, chose to stash away stimulus money and extra income.”

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Michael Ogden

Editor-in-Chief for CU Times.

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