Archives for March 2017

Coastal Federal Credit Union working to solve NC’s income gap

50th Anniversary

Coastal Federal Credit Union

This January I attended the Triangle Business Journal’s 2016 Businessperson of the Year Award Luncheon. For the first time since I can remember they nominated the CEO of a non-profit corporation, Chuck Purvis of Coastal Federal Credit Union (CFCU).  I had to be there!

Now many would say that CFCU has more in common with a for-profit bank than a non-profit organization. Chuck, however, made it clear that day his heart and his actions are grounded in the nonprofit mission of his organization.

Chuck publicly worries about growing income inequality across the country and specifically in North Carolina. Chuck believes it is the biggest threat to our democracy. [Read more…]

Joys and Perils of Fast Growth – From CEOs who’ve done it

Fast Growing ForestEarly this year I was honored to facilitate a panel of three bright, engaged C-suite leaders in the Triangle who are leading fast growing companies. It was hosted by the Raleigh-Wake Human Resource Management Association (a great local resource for people professionals).

Two companies, TransLoc (in the tech/social impact space) and Precision BioSciences (in drug development space) received Series A investment financing in 2016. As a consequence, their revenue and headcount  exploded. The third was CAHEC, a nonprofit social impact company syndicating low income housing tax credits to support community based real estate development. They have seen more gradual and steady growth over the years with similar increases in revenue and headcount. [Read more…]

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