CRANSTON, R.I.– If Coastway Credit Union members approve its change to a state chartered mutual bank, sources familiar with the CU say that would cap Coastway's long standing policy of going its own way.

According to its filings with NCUA, Coastway does not belong to any CUSO's nor participate in shared branching. The $310 million credit union participates in the SUM network, an ATM network administered as part of the NYCE ATM network which provides surcharge free ATM access.

Rob Kimmett, senior vice president with the Credit Union Association of Rhode Island, reported that Coastway has not affiliated with the Association “in recent memory.”

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.