At White Oak Site work has already begun on the new 4,000 square foot building. The new branch will open next spring and will replace the storefront location at White Oak Shopping Center, which opened in 2004.
“Over the past decade, White Oak has become one of our busiest branches, particularly after we introduced 7 a.m. to 7 p.m., seven-day-a-week teller service,” said Chuck Purvis, Coastal’s president and CEO. “We’ve outgrown the storefront location, and we’re looking forward to giving our loyal members a building they can be proud of there.”
One major upgrade as a result of the move will be the inclusion of drive-up personal teller machines, providing members with an added level of convenience.
The building will have an appearance similar to Coastal’s Raleigh locations on Creedmoor Road and Glenwood Avenue. It will feature an arched roof, large windows and exposed wooded beams, along with a brick exterior that is consistent with the rest of the shopping center.
Coastal Federal 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 $2.3 billion in assets, Coastal serves 198,000 members from 1,400 business partners and is among the leading financial institutions in North Carolina. Coastal operates 16 branches in the Triangle market 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 www.COASTAL24.com.
Contact: Joe Mecca
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