Coffee with Chuck Ep. 24: Coastal in the Community

by Chuck Purvis

President & CEO

From Chuck

Dear Members,

One of the awesome things about working for a cooperative is how the desire to give back to the community is embedded into our DNA.  It’s true. Concern for Community is one of the core operating principles that guides credit unions, and all cooperatives worldwide. This month, I wanted to focus on a few of our community initiatives, and tell you about a very special TV show that you won’t want to miss.

Power of Sharing Special

A few months back, we recapped the 4th Annual Power of Sharing event that we hosted in May. That night, we showcased the awesome work done by area nonprofits, as the Coastal Credit Union Foundation and our business partners combined to recognize 13 nonprofits with more than $1.5 million in grants.

Our friends from UNC-TV were there, and now, they’ve turned all the footage into a two-hour TV special, which airs statewide on Thursday, September 5th at 9 PM.   

I hope you’ll find time to tune in to UNC-TV that night. It’s a great way to find out more about the amazing work that our local nonprofit organizations are doing. After all, that’s what Power of Sharing is all about... sharing those stories with a bigger audience.

Durham Bulls Ballpark Project 

For the 2nd year, we’ve sponsored the Durham Bulls Ballpark Project to help renovate community baseball and softball facilities.  On August 6, we presented this year’s four winners, who will each receive $10,000 for renovations, including:  East Wake High School Softball in Wendell, Hawfields Civitan Club in Mebane, Hillandale Sports Association in Durham, and Northern Middle School in Roxboro.

This was another great opportunity to partner with the Bulls, and to recognize the efforts of more organizations from around our community. One thing that really stood out about the grant requests was the desire to have a safe place to play, that they can be proud of.  That really resonated with us, and we’re happy to help get them closer to that dream.

Financial Education Bill

In July, North Carolina signed into law House Bill 924, which requires a full credit course on economics and personal finance as high school graduation requirement.  I’m excited about this because it finally addresses a need that I’ve seen my entire career. Too many young people enter adulthood without ever learning the basics of managing their own money, which has potentially negative impacts on a daily basis.

The new requirement applies to all high school students starting with those entering 9th grade in the 2020-21 school year. Course topics will include paying for college, using a credit card, borrowing for automobiles and home purchases, and understanding credit scores and credit reports. 

An organization that we’re proud to call a partner, North Carolina Council for Economic Education, will provide the teacher training for the course. Our own Creighton Blackwell serves as the NCCEE board chair, and the organization was instrumental in getting the new bill passed with bipartisan support.

Each of these topics fills me with optimism.  They prove that sometimes you only need to bring together people who are passionate about making things better, and together you’ll get the big things done.

It sounds a lot like the reason credit unions like Coastal exist.


Chuck Purvis         

Chuck Purvis
President & CEO

Our featured local coffee is Busy Bee Breakfast Blend from Full Bloom Coffee Roasters in Garner.


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