Chuck Purvis Of Coastal Fcu Elected To Co Op Board Of Directors



RANCHO CUCAMONGA, Calif. (May 15, 2013) - Chuck Purvis, President/CEO of Coastal FCU, Raleigh, N.C., has been elected to a three-year term on the Board of Directors of CO-OP Financial Services, joining four other reelected directors in the 11-member body. 

The announcement of Purvis' election was made at the company's Annual Shareholders meeting held May 1 in Chicago, Ill. 

Purvis joined Costal FCU in May 2001 and became President/CEO in July 2012. Coastal FCU is a $2.1 billion credit union that serves more than 190,000 members. With more than 30 years of credit union industry experience, Purvis is also a former chairman of the National Credit Union Foundation.

"Chuck is a proven executive with solid financial and operational skills, and we look forward to working with him in the board's oversight duties of the movement's best cooperative," said Terry Laudick, Chairman of the Board of Directors. "I also want to congratulate our four reelected directors, who continue to devote a significant amount of time and energy - and industry insight - on behalf of the organization." 

Laudick, President/CEO of New Mexico Educators FCU, Albuquerque, N.M., was himself reelected to a second one-year term as Board Chairman. The four reelected directors are: 

  • Doug Ferraro, President/CEO, Bellco Credit Union, Lakewood, Colo. Ferraro also serves as Vice Chairman/Chairman Elect on the board.
  • Allan McMorris, President/CEO, Oakland County Credit Union, Waterford, Mich. McMorris is also board Secretary.
  • Jeff Napper, President/CEO, LBS Financial Credit Union, Long Beach, Calif. Napper is also Treasurer on the board.
  • John Radebaugh, President/CEO, North Carolina Credit Union League, Raleigh, N.C. 

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About CO-OP Financial Services

Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the nation's largest credit union service organization in terms of number of credit unions, assets and members. The company specializes in helping credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of "Be There. Be More," CO-OP's products fall into three business lines, including "Locations," (ATM, shared branching and call center services); "Card Payments" (debit and credit processing) and "Mobile/ Virtual" (mobile, online, check imaging, bill pay services). To learn more visit