Coastal Federal Credit Union Foundation hosts inaugural ‘Power Of Sharing’ Awards Gala

RALEIGH, NC (May 27, 2016) — On Thursday evening, May 26th, Coastal Federal Credit Union Foundation hosted and sponsored a one-of-a-kind inaugural event – Power of Sharing – highlighting the efforts several nonprofits make in the Triangle. Coastal’s business partners in the community and the Foundation gave $275,000 in charitable contributions to organizations that continue to make a significant difference in our communities. Award Recipients were:

Screen Shot 2016-05-27 at 3.16.02 PM

Additionally, each awarded organization also received an IBM Impact Grant allowing for their leadership to attend IBM’s “Becoming a Leader of Change” intensive workshop valued at $10,000.

The Power of Sharing Gala was created to bring different business partners together to demonstrate their commitment to bettering their communities through a collaborative funding forum. The goal was to recognize the tremendous impact our local non-profits are making throughout the community.

“The Power of Sharing was formed in the spirit of giving,” says Coastal Federal Credit Union CEO, Chuck Purvis. “Our Foundation sought like-minded organizations to partner with us to not only make this event unique in nature, but to also collaborate together to truly change lives at the root cause of the issues many in our community face today. The awards handed out last evening reflect that and will undoubtedly help each organization make more of an impact than they already do.”

Partners included in last night’s awards were: AT&T, BASF, BCBS, IBM, Lenovo, and Quintiles. Entertainment was provided by Durham-based organization, KidzNotes as well as six-time Grammy Nominee and Jazz Singer, Nneena Freelon. Catering was provided by the Angus Barn.

For more information on The Power of Sharing Gala, please visit

About Coastal Federal Credit Union

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 $2.8 billion in assets, Coastal serves 230,000 members from 1,600 business partners and is among the leading financial institutions in North Carolina.  Coastal operates 22 branches in the Triangle market and serves members in all 50 states through a network of 5,000 shared branches, 80,000 surcharge-free ATMs, mobile banking featuring mobile check deposit, and a robust offering of online services at

About the Coastal Federal Credit Union Foundation

The mission of the Coastal Federal Credit Union Foundation is to enrich the lives of our members and their communities by providing financial support to 501(c)(3) organizations, particularly in the Triangle market of North Carolina. The Foundation’s top priorities for community focus are: helping the financially vulnerable, increasing financial literacy, and alleviating food insecurity. Learn more at


Joe Mecca
Manager, Marketing Strategy & Communication

More News