COASTAL FEDERAL CREDIT UNION NAMES NEW VP/CONTROLLER

RALEIGH, N.C. (May 4, 2011) - Coastal Federal Credit Union has announced that Richard Burchill has joined the company as its new VP/Controller. In this position, he is responsible for the development and implementation for all financial information and control systems.

Burchill enters his new position with over 17 years of accounting experience, having most recently served as senior accountant at a major regional financial institution. There he was instrumental in increasing over $20 million in deposits and was recognized as the 2010 Gold Award Winner for his achievements. Previously, he served as VP of finance at a local health maintenance organization.

Burchill earned his BS in Accounting from St. John Fisher College and his MBA in finance from California Lutheran University.

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 $1.96 billion in assets, Coastal serves 190,000 members from 1,200 business partners and is among the leading financial institutions in North Carolina. Coastal operates 15 branches in the Triangle market and serves members in all 50 states through a network of 3,500 shared branches 50,000 surcharge-free ATMs and a robust offering of online services at www.COASTAL24.com.
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