Coastal Credit Union in Raleigh, North Carolina, has hired Tyler Grodi to be its next president and CEO, effective April 1.
Grodi succeeds Chuck Purvis, who will
For the past 11 years, Grodi was CEO of the $899 million-asset EFCU Financial Credit Union in Baton Rouge, Louisiana. Before that, he was chief financial officer at the $2.2 billion-asset Black Hills Federal Credit Union in Rapid City, South Dakota.
"We found a leader with the experience and proven track record that will be the key to our success; and one who offers an inspirational vision for Coastal that both respects where we are today, and outlines a path forward that values our employees, our members and our community," Joan Nelson, Coastal's chairperson, said in a press release Monday.
Purvis first joined the credit union in 2001 and has been its CEO since 2012.
Coastal has more than 323,000 members served by 22 branches. It earned $12 million in 2022, an 80% decrease compared with a year earlier, according to call report data from the National Credit Union Administration.
