North Coast Credit Union CEO Marilyn Brink retiring at end of 2023
Brink, who started at North Coast in 2002, made the announcement at North Coast’s annual meeting May 24.
“I plan to work closely with our Board of Directors and senior leadership to find the best new ‘Head Coach’ and help with the transition,” Brink said. “The North Coast team is the best team I have ever worked with and it has been an absolute pleasure to serve our wonderful members.”
According to its recently released 2022 annual report, North Coast set another record with 20,818 members as of Dec. 31. Membership is open to anyone who lives, works, worships or attends school in Washington state. North Coast has six branches in Mount Vernon, Anacortes, Sedro-Woolley, Bellingham (2) and Ferndale.
Last year North Coast funded more than $102 million in loans to members, primarily for consumer and real-estate loans, a 33% increase from 2021. Its total loan balance on Dec. 31 was nearly $238 million.
“We are healthy and thriving,” Brink said. “The recent bank failures were due in a large part to Silicon Valley Bank’s focus on tech companies and startups and Signature Bank’s significant investment in cryptocurrency. Our Credit Union does not participate in risky actions like those. At North Coast we provide loans for local businesses and individuals and we don’t invest too heavily in any one area.”
For more information about North Coast Credit Union, call (800) 696-8830 or visit www.northcoastcu.com.