You have several options to make principal-only payments. These options exclude VISA®️ Credit Cards. In order to process any of the principal-only payment options, your regularly scheduled payment must be made first.
1. You can pay an extra amount at the same time you make your regularly scheduled payment. The extra amount paid will be applied to the principal. The regular payment and the extra amount must be applied on the same date with this option.
If you have already made your regular payment and want to make a principal payment, you can:
2. Send a secure message through our online banking system requesting a principal-only payment be made.
3. Visit a branch and make a principal-only payment at the personal teller machine (PTM).
4. Mail in a check to: Coastal Credit Union, Attn: Payments, P.O. Box 58429, Raleigh, NC 27658-8429. When mailing a check for principal payments, clearly indicate in the memo section of the check, “PRINCIPAL ONLY” and the account number. Any payment applied as principal and interest, that is not notated “PRINCIPAL ONLY”, cannot be reversed and reapplied later.
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with any questions.