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August 31, 2015 9:09 PM ET

Diversified Financial Services

Company Overview of Coastal Credit, L.L.C.

Company Overview

Coastal Credit, L.L.C. purchases contracts from new and used automobile dealerships. It involves in purchasing loans made to military and civilian consumers; and purchasing its contracts on a point of sale basis, and acquiring buy here pay here loans through portfolio acquisitions. The company purchases its contracts in Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Kansas, Louisiana, Mississippi, Nevada, North Carolina, Ohio, Oklahoma, Pennsylvania, Texas, Virginia, and Washington. It serves the automobile industry, including the secondary used car market. Coastal Credit, L.L.C. was founded in 1984 and is based in Virginia Beach, Virginia with an operations center in Indi...

3852 Virginia Beach Boulvard

Virginia Beach, VA 23452

United States

Founded in 1984

Phone:

757-340-6000

Fax:

757-340-3077

Key Executives for Coastal Credit, L.L.C.

Chief Executive Officer and President
Vice President of Operations
Chief Information Officer and Chief Customer Officer
Vice President of Technology
Vice President of Sales and Marketing
Compensation as of Fiscal Year 2015.

Coastal Credit, L.L.C. Key Developments

Coastal Credit LLC Names Christine Brady as Chief Information Officer and Chief Customer Officer; Opens Operations Center in Indianapolis; to Consolidate Existing Branch Services

Coastal Credit LLC announced Christine Brady joined the company as chief information officer and chief customer officer. Brady was chief information officer and co-founder of Dealer Services Corp. and NextGear Capital. Coastal Credit also announced the opening of an operations center in Indianapolis. This facility will also become the eastern operations center, and the existing Denver facility will become the western operations center. All existing branch services will be consolidated into these locations.

Coastal Credit, L.L.C. Announces Relocation of Corporate Headquarters

Coastal Credit, L.L.C. announced that it will relocate its Virginia Beach, Va., corporate headquarters to Indianapolis in early 2015 and establish a new production office in that location.

Coastal Credit LLC Announces Management Changes; Plans to Open New Corporate Headquarters in Indianapolis, IN

Coastal Credit LLC named Martin McFarland as the new President and CEO of the organization, coinciding with the planned retirement of it's Founder and CEO, William McKnight. Additionally, as part of a broader investment to continue the company's 27-year legacy of serving auto dealers and their military and civilian customers, the company has added significant experience to its leadership team with the hiring of a VP of Operations and VP of Sales and Marketing. Mr. McFarland joins Coastal with a wealth of experience in and around the auto sector. Most recently, Marty was Co-Founder and President of Dealer Services Corporation. Also joining the team is Joe O'Brien, VP of Sales and Marketing. Mr. O'Brien joins company from Dealers Financial Services and the MILES Program where he served as President. Joe's experience provides Coastal key depth in the military and civilian lending markets as well as significant experience in sales and marketing. The company has promoted Ryan Clements to VP of Technology. Ryan has been a member of the team and will continue to drive it's long term technology strategy and implementation. As part of these enhancements, the company will establishing a new production office at its new corporate headquarters in Indianapolis, IN.

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