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Sunday, February 5, 2017

Is Coastal Federal Credit Union Really a Non-profit?

As of October 2016, I was STILL a MEMBER of Coastal Federal Credit Union.  My account was considered dormant when I called into customer service, but the representative still pulled my account number up as a member.

In February 2016, Coastal Federal Credit Union's attorney(s) offer a $11,345.62 setttlement.  Unfortunately, I was unable to accept nor counter the offer.


Then in October 2016, Coastal Federal Credit Union attorney's put a $44,296.01 bank levy/freeze on my commercial banking account with a different financial institution.  I begged C.E.O. Chuck Purvis via voicemail to have his attorneys to release the freeze.  He had Irene to call me and acknowledge receipt of my voicemail to him (Mr. Purvis.)  She states that Mr. Purvis' hands are tied, and that he can not assist me.  Irene tells me to work with the attorneys.  Our conversation was courteous and friendly; yet, it yielded no relief.

After the two week freeze was lifted from my commercial BANK account at an unrelated financial institution, all of my monies (around $2000.00) was transferred out of my account. I called and left Mr. Purvis another voicemail explaining my devastation, and the monies taken was already designated for other obligations.  I did not have extra monies to be "legally stolen" from me to apply to an old credit card balance.  I received no response from Mr. Purvis nor any of his representatives.

When you wake up to a negative $42,000.00 bank account balance, it is quite traumatizing.  It is legalized extortion and stealing in the state of North Carolina.

So why wasn't the bank levy for the settlement amount since Coastal Federal Credit Union is a "not for profit?"  

Maybe the National Credit Union Administration (NCUA) will look into my complaint number:  00147109 and review Coastal Federal Credit Union's aggressive collection tactics.  They have volumes of civil lawsuits against their members in the Mecklenburg County Court System.

My assumption is that Mr. Purvis who was named Businessman of the Year by the Triangle Business Journal in December 2016 is salaried in the six to seven figures.  Surely, he could lead a collection plate being passed around to replace my @$2000.00 that was stolen from me.

Mr. Chuck Purvis, I NEED MY money back or replaced. Period. As a " 2016 Businessman of the Year" surely you can find a way.  It will be a great opportunity for you to show how your "not for profit" truly cares about its members and the community.

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