Coastal Credit Union has been recognized by Global Finance magazine as being among the 2020 Outstanding Crisis Leadership honorees. The program recognized financial institutions and other businesses that went above and beyond in their response to the global COVID-19 pandemic. Coastal was the only credit union to earn the honor.
Coastal’s recognition came in the Community category. The magazine cited the Coastal Credit Union Foundation’s support of local nonprofits who have been assisting people through the economic fallout of the pandemic. The foundation made more than $1 million in grants in 2020, the most in any year since its inception.
Notable grants included $100,000 to each the North Carolina Restaurant Relief Fund and the United Way of the Greater Triangle’s Rapid Response Fund. The foundation also provided $50,000 to the Kramden Institute to help provide computers for public school and community college students who needed reliable technology in order to learn remotely. In all, 38 nonprofit organizations received grants.
The full report appears in the December 2020 issue of Global Finance.