Coastal Federal Credit Union Welcomes New Vice Presidents
Posted: 10-31-2008 : RALEIGH, N.C.

RALEIGH, N.C. – Coastal Federal Credit Union announced the appointments of two new vice presidents. Richard Mullen has joined the organization as VP, Mortgage Solutions and Jim Pack has been hired as VP, Retail Sales and Service.

Mullen will be responsible for Coastal's rapidly-growing Mortgage Services department. He brings to Coastal 29 years of broad banking experience, including more than 22 years in the residential mortgage banking business. He has served as a Chief Financial Officer, Chief Lending Officer and Director of Strategic Planning for several banking organizations, and has managed all aspects of residential mortgage banking. Most recently, Mullen served as Director of Mortgage Secondary, Support and Delivery for one of North Carolina's largest banks. He is a graduate of Davidson College and earned an MBA from Lynchburg College.

Pack, in his role, will be responsible for branch operations and will be tasked with building a high performing retail team, with a focus on member service and profitable growth. He joins Coastal from a community bank in Kingsport, TN where he spent two years as SVP and Retail Division Manager. Prior to that, he spent 8 years with a large regional bank as Manager of Personal and Business Banking in the Durham, Cary and Dunn markets. He is a graduate of North Carolina State University.

"Both Rick and Jim are a welcomed addition to the Coastal management team," said President & CEO, Larry Wilson". "The current state of the financial services marketplace has allowed Coastal to stand out in the crowd, thanks to our sensible lending practices and commitment to member service. We're poised to grow significantly as a result, and are fortunate to be bringing on board two people with the experience and vision that we'll need to make that growth a reality."

Coastal Federal Credit Union is a not-for-profit, member-owned, financial cooperative, offering a full range of financial products and services for individuals, families and businesses. Coastal was chartered on August 31, 1967 with the mission of fostering the credit union philosophy of “people helping people”. Today, with $2.03 billion in assets, Coastal serves 185,000 members from more than 1,100 sponsor groups. Coastal operates 22 branches in the Triangle, Charlotte, Sanford and Southern Pines markets and is online at www.coastal24.com