Tyler Grodi
The board of directors at the Raleigh, N.C.-based Coastal Credit Union announced Monday that they've selected Tyler Grodi to become the next president/CEO of the $4.5 billion credit union.
As of April 1, Grodi will replace Coastal's 11-year leader Chuck Purvis, who will retire at the end of March.
"The board is excited to have Tyler join Coastal," Joan Nelson, Coastal's board chair, said. "Our search began with a slate of wonderfully diverse and accomplished candidates. In the end, 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."
Grodi will join the Coastal family after serving 11 years as CEO at the Baton Rouge, La.-based EFCU Financial ($898 million in assets, 60,825 members).
In a statement, Grodi said, "I'm humbled and honored by the opportunity to work with such an incredible team and board. Together, we'll build upon Coastal's reputation and foundation of strength, technology and member experience. I'm looking forward to becoming a part of the Coastal family, delivering financial well-being to our members and being a good neighbor to our community."
Prior to his time at EFCU Financial, Grodi was CFO at Black Hills Federal Credit Union in Rapid City, S.D. In all, Grodi has been involved in the credit union industry for 23 years.
Coastal's board of directors hired D. Hilton Associates, Inc. to conduct the executive search.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
