CCUL Headlines: CU Highlights

Coastal Credit Union increases minimum wage to $15

Thursday, March 29, 2018   (0 Comments)
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RALEIGH, N.C. ( March 29, 2018 ) – Coastal Credit Union announced that it has increased its company minimum wage for all employees to $15 per hour. This is an increase from the $12.50 hourly wage the credit union implemented in late 2016. The new $15 hourly wage was made effective in the March 14 payroll and affects 50 employees, or 10 percent of Coastal’s workforce.

“Our employees are a critical component to our success, and taking care of them is the first step in corporate responsibility,” said Coastal’s President and CEO, Chuck Purvis. “Back when we first implemented an internal minimum wage, our primary goal was to ensure we’re doing our part to help anyone working here to avoid poverty.”

Purvis added, “Today, we’re taking that a step further. We find ourselves in a highly competitive jobs environment and need to set ourselves apart in order to continue to attract and retain talent at all levels of the organization. We offer a very generous compensation and benefits package, but the we know that the biggest difference we can make for an employee, particularly at the entry level, is in their wages.”

Coastal employees more than 500 employees and has routinely earned awards for being a top employer, both locally and within the credit union industry.

About Coastal
Coastal Credit Union is a not-for-profit, member-owned, financial cooperative, offering a full range of financial products and services. Coastal was chartered on August 31, 1967 with the mission of fostering the credit union philosophy of “people helping people.” Today, with $2.9 billion in assets, Coastal serves 245,000 members from 1,700 business partners and is among the leading financial institutions in North Carolina. Coastal operates 22 branches in central North Carolina and serves members in all 50 states through a network of 5,000 shared branches, 80,000 surcharge-free ATMs, mobile banking featuring mobile check deposit, and a robust offering of online services at

Contact Us


1000 Saint Albans Drive
Suite 325
Raleigh, NC 27609

800-822-8859 Phone
919-573-0474 Fax


7440 Broad River Road
Irmo, SC 29063

PO Box 1787
Columbia, SC 29202

800-822-8859 Phone
803-732-4268 Fax