Article: Credit unions expand services.

By Frank Norton, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News

Sep. 8--When Karen and Bill Tomko couldn't get a bank to finance a new business venture, they turned to Coastal Federal Credit Union in Raleigh, where they already kept their personal accounts. Coastal loaned them $335,000 to buy the capital equipment necessary to start H2 Only Cleaners in Morrisville.

The Tomkos have since moved all of their accounts to Coastal, a considerable shift given that they own two other companies.

The banks "declined us because they didn't believe in the concept," Karen Tomko said.

Coastal lent the Tomkos the money ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!