The $2 billion Coastal Federal Credit Union said Wednesday that President/CEO Larry Wilson will retire at the end of June after 38 years at the helm.
He will be succeeded by Chuck Purvis, currently executive vice president/chief operating officer, on July 1, the Raleigh, N.C., credit union said.
Wilson joined the former IBM Raleigh Employees FCU as general manager in 1974, when it had three employees, $3.5 million in assets and 3,900 members.
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