Have you received your Coast Capital Board of Governor’s election ballot yet?

Your vote matters! Thanks to your efforts in the last election, we have made quite a difference to the governance of Coast Capital. With your help, we forced the removal of Bill Wellburn from the Board, as well as helped the CEO move on. While we have much more work to do, FICOM tells us that we should be proud of the changes that we have helped make happen at Coast Capital.

The voting package contains recommendations on how to vote.
We think Members are smarter than that. Read the descriptions of the candidates and make up your own mind. It is your credit union. Vote your way!

Want to know how we will vote?
We prefer to vote for the non-recommended candidates which we feel will help bring more diverse views and more member focus to Coast Capital’s Board. For your vote to count, remember that you MUST vote for the exact number of candidates as there are positions to fill: Three! Our first pick is Mark Latham. He is an excellent candidate and has been working with us for years to help restore member control to Coast Capital Savings Credit Union. He is a strong believer in democratic reforms and was instrumental in helping us write up our Special Resolutions last year. But please do not take our word for it, read the election material and make up your own minds. Members are smart. You do not need us to make a recommendation.

Mark Latham has worked with us to help Restore Member Control to Coast Capital. Here he is helping us deliver our Special Resolution Signed Petitions to Coast Capital Headquarters last year.

Mark Latham has worked with us to help Restore Member Control to Coast Capital. Here he is helping us deliver our Special Resolution Signed Petitions to Coast Capital Headquarters last year.

We know Mark Latham very well and he has worked with us for several years in our fight for restoring Member control in BC Credit Unions. He donated his time and money to help restore member control at Coast Capital. You can see Mark in the picture above when he helped us deliver our signed petitions to Coast Capital Head Quarters last year. He’s a nice guy.

If you feel that Coast Capital’s slogan “Have Your Say” should be more than just a slogan, then please Vote for Mark. He has been working to restore democracy in cooperative organizations for over 20 years.

If you have not received your ballot yet, please go pick one up at any branch. Read the material and make up our own minds. It is your Credit Union. Your vote matters!

A Sad day for democracy at Coast Capital Savings Credit Union

The results of the vote were announced today at the AGM.

The Board’s sleight of hand tricks worked as planned. It is a sad day for democracy at Coast Capital Savings Credit Union.
Sleight of Hand Tricks Pays Off for Directors

As feared, the Board’s three recommended Candidates were all elected. There will be no change in the board this year. The real small Special Interest Group within Coast Capital won this year.

As for the Special Resolutions, the Board’s strategy of creating four shadow resolutions confused members as planned, splitting the vote and ensuring that none of the eight Special Resolutions passed. That means that there will be no change to the rules. Exactly the outcome that could be expected by such a confusing and biased Special Resolutions booklet.

The board was questioned about their tactics in this election and claimed that they created the shadow resolutions simply to give members clarity about the board’s position. Many members asked why the Board felt that their position should be different than members, and why the Director’s position should override the interests of the members. Their answers fell short and many left dissatisfied.

The Board was reminded that the Special Resolutions booklet was undemocratic, biased, and an embarrassment to members. Speakers told directors that members should be listened to and congratulated for raising Special Resolutions, not insulted and definitely not be called a Special Interest group by the Board.
Magician Holding a Magic Wand

So where do we go from here? What is next?
That is something that we will have to decide now that the AGM is over and the results are in.

Credit Unions are about Members helping Members, not Directors helping themselves.

What do you think? Was the election fair? Do you trust that the ballots were counted correctly?

We want to thank the members who supported us and took the time to vote, and we thank our many volunteer members who worked very long hours to try and make Coast Capital better. Uncle Louis might not be proud of how today’s AGM went, but he would be proud of all of you. Thanks!
Delivering Petitions to Coast Capital

The Coast Capital AGM is tomorrow, and the Board is expected to make a motion to have the Ballots destroyed.

Yesterday, Coast Capital told the candidates their “Election” results. We know of no Candidate that was elected, that was not also recommended by the Board itself. That is not right. And as part of tomorrow’s agenda, the Board will ask members to vote on destroying the ballots before an independent auditor can verify the results.

There will be over 100 Coast Capital Managers and Executives paid to be there at the AGM to ensure that there is quorum and that all Director Motions pass, including the one to destroy the ballots. That’s not right.
Magician Holding a Magic Wand

Is this what you expect from your credit union?

Want to help fix Coast Capital?
We need members like you to attend tomorrow’s AGM so members can have their say. That is a Coast Capital Slogan. Let’s make it more than a slogan! Let’s make it the reality.

But members will only be able to have their say if you and hundreds of members like you attend the AGM tomorrow.

Live on the Island and think it is too far to travel to the AGM?
That is what the Board is Banking on! Member apathy!
Coast Capital used to hold AGMs on the Island. They used to provide transportation for members to the AGM. They used to listen to members and want them there. Now, they hold their AGM’s in Surrey away from those members on the Island who are most concerned about how their Credit Union is being run. The Board relies on Apathy so that the Board can “Have Their Say”, not members. If you are on the Island, you need to come. Talk to other members, organize a bus, car-pool. The Board needs to hear from member from the Island. Members like you!

Do not think that attending the AGM on-line is enough!
Votes at the AGM are done by “Show-of-Hands” and the Board relies on Member apathy to ensure that they win every vote. Members who are on-line will not get a chance to raise their hand. Last year, the Board closed the AGM early while dozens still had more to say. We expect the same this year. That’s not right.
Directors - Be a Buddy, not a Bully

Come to the AGM, meet Phil Embley and have your say.

Bring your Smartphones. Record the action. Last year, the AGM recording posted only contained the Directors and their PowerPoint presentations, but none of the questions from members. We can fix that too if enough members show up.

We do not know the results of the Director Election yet, nor do we know the results of the vote on the Special Resolutions, all will be revealed tomorrow at the AGM. What we do know is that members have told us that they were disappointed with how Coast Capital placed their own bias within the election material. Democracy and Credit Unions only work when members take the time to participate. Be there.
Let's Take Back Our Credit Union

The AGM is tomorrow at 5pm in Surrey at the Sheraton Guildford Hotel. Be there and be heard. Member’s matter.

Click here for more information on the AGM time and location.

Thank you!

Thank you to all members of Coast Capital who took the time to vote!

Whether you supported the member resolutions that we believed were best for members and Coast Capital, or instead you voted for the Coast Capital shadow resolutions, either way, we thank you. A credit union only works when members take the time to provide oversight and ensure that it is run in the best interests of members, and not just its Directors.

To the employees of Coast Capital, we thank you for all your hard work. You have told us that 59% of employees feel disconnected from management. We hope that through our efforts, management may listen to you a little bit more. We are all on the same team. A credit union is only as good as its employees, and you are the best! Good luck!

Dont Break-the-piggy-bank v2
Credit Unions – It’s about members helping members, not Directors helping themselves to your money.

Results of the vote on the eight Special Resolutions and the Director Elections will be announced at the AGM on April 30th in Surrey.
Wednesday, April 30, 2014
Sheraton Vancouver Guildford Hotel
15269 – 104 Avenue
Registration and light refreshments from 4:30pm to 5pm
Meeting begins at 5pm

Details available on the Coast Capital website here:

If you’re in the Surrey area, you can join us in person and meet the Board of Directors and senior executives. Or, you can attend online from the comfort of your home or office. You’ll find a link to the webcast at the above link on April 30 after 4:30pm.

Note that the Question Period at the end of the meeting is the most exciting part of the evening! For some unknown reason, it is NOT broadcast nor recorded. This is the point in the meeting where members get to ask the Directors tough questions. Please plan to attend if you want to be part of the action and ask the board for real answers – and not just spin.

Thanks again for your support. Together, we can make Coast Capital better!

Members Outraged by Biased Nature of Coast Capital Voting Booklets!

The Vancouver Sun published an excellent article regarding the issues over Excessive Director Compensation at Coast Capital. Click here to read the story. Coast Capital Branch at 1075 West Georgia in Vancouver
Heard enough? Want our advice on how to Vote? Click here
Want to know why members are so outraged? Keep reading…

What this article did not highlight was the highly anti-democratic nature of the information booklets and voting material.
The voting information provided to members by Coast Capital is heavily biased and has outraged members who believe a credit union should be about members helping members, not about Director’s helping themselves.

One member wrote this to the Editor of the Vancouver Sun:

Letter to the Editor
Re: Member revolt aims to pare back pay for Coast Capital directors, page C7, Vancouver Sun, Mon. Apr. 7, 2014.
The Editor,
While your article about Coast Capital did a good job of explaining the David vs. Goliath battle over compensation rates paid to Board directors, it ignored serious problems with this so-called democratic election that ends on April 8th.

Besides publishing election pamphlets that are so slanted with institutional bias they should be considered blatant propaganda, the Board basically copied members resolutions apparently to confuse the issue, even giving them the same four names.

Even worse, the Board has effectively spoiled the ballot, placing the candidates they recommend first under the bold title, “BEST OVERALL FIT.” For the copy-cat resolutions, they had the audacity to show members to vote for their four choices and against those put forward by members.

As if this isn’t enough of a disgrace to the electoral process, Coast Capital has effectively placed a gag order on candidates mostly banning campaigning. Candidates cannot advertise, create websites, speak to groups, use Facebook or Twitter or even participate in interviews with the media in connection with the election.

Coast Capital Savings members need to take back control of their Credit Union, voting for the members resolutions (5,6,7, 8) and the three candidates committed to clean up this mess; Lisa Barrett, Bruce Batchelor and John Fryer. For more information, visit the coastcapitalcompensationwatch.com website.

Naturally yours,
Don Pitcairn,
2422 – 124 St., Surrey, BC

The Special Resolution Booklet says “Don’t mess with Success”. But whose “Success” is at risk here? Not Coast Capital’s success. We support Coast Capital and respect its roots as a Credit Union. The only “Success” at risk here is the successful way that Directors have managed to fill their wallets with member’s money. That is the kind of success that members have a right to mess with!

Read more letters from members by clicking here.

Want more info on how to Vote? We can help.
Click here for more information about how we voted and why.

Directors - Be a Buddy, not a Bully

Directors have given themselves up to 500% pay raises over a three year period! – “Have Your Say” about that!

Coast Capital members and employees should not be bullied. 79.7% of members who voted to put a stop to 500% pay raises for directors are NOT a small special interest group. But those directors are, and all they have to lose is their $1000/meeting fees and a monopoly on who sits on the board.

In a recent internal survey, 59% of Coast Capital employees felt disengaged from management. That’s not right.

The board of directors sets the tone for the credit union. When that board forgets their fiduciary duty to listen to members and when the majority of employees feel that they have no say at the workplace, then it is time for a change of direction, and that starts by changing the Board of Directors through your vote. Voting Matters.

Do not be bullied, be informed! Then vote smart, you are a member of a credit union. Your vote matters and that is no April fools joke! Perhaps the special resolution booklet is, but nobody is laughing. Get more information here.
Happy Magician Pulling a Rabbit out of a Hat

We need to reach 67% mark to save Coast Capital from rot-from-the-top! You can help!

Want to help? Write a letter to the Editor of your local paper!
And perhaps the Victoria Times-Colonist, as well as the Surrey Now which is where Coast Capital’s headquarters are.

Public pressure has made the Boards reverse bad decisions in the past. Keep up the pressure by writing to your local papers. Every little bit counts. And be sure to Vote!

Not sure who to write to? Here is a list of local papers and email address of the editor.
If your local paper is not in there, please let us know in a comment, along with the contact info if you have it, and we will add it!

Write your local paper today!
Be a Buddy, not a Bully v2

Still confused about all the Special Resolutions this year?

Still confused?
You are not the only one! But don’t be bullied, be informed!
And then vote smart. Deadline for voting is April 8th

Here is a summary of what each of the resolutions will do.

Coast Capital Resolutions (We are voting AGAINST these)

Resolution #1 – Imposes no hard term limit at all, and overrides #5
Resolution #2 – No change in exec pay disclosure, and overrides #6
Resolution #3 – Ratifies all existing election rules, and overrides #7
Resolution #4 – Director Compensation still set by Directors, and overrides #8

Member Special Resolutions (We are voting FOR these)

Resolution #5 – Sets a maximum hard cap of 12 years total service for directors
Resolution #6 – Requires disclosure of top 3 highest paid executives total pay
Resolution #7 – Removes Board stranglehold on director elections
Resolution #8 – Sets director pay comparable to VanCity and includes a COLA clause

The candidates we voted for are Lisa Barrett, Bruce Batchelor, and John Fryer

Want the details from a third party?
Read what VoterMedia says here, or read the many letters by members.

Want to see how we voted using paper ballots? Click here.
Want to see how we voted using online ballots? Click here.
Want to see a description of all the candidates in one place? Click here.

Want to know how we voted?
For more detailed information, visit our Our Voting Advice page
Dont be a Bully - Be infomed

A Letter from a Member in Cowichan Bay

cowichanbay
For the board members:
I just have to say that the material sent by CC in the mail this week, regarding the member’s resolutions, was presented in a really derogatory, bullying way. Whoever CC has employed to write the copy in that resolution document should be fired. Whomever on the board that read the material and ok’d its being sent out to all the members made a grave mistake.

The resolutions were presented in a very democratic manner, and the response of the board is anything but democratic. The whole tone of the booklet is rude and demeaning towards the members, who are in fact, the employers of the board, not the other way around. Shame, shame, shame.

The terms of the board members should be 8 years maximum, the 12 years is over the top. As for a chairman who has been there for 22 years, that is ridiculous! In politics, if someone has been president of a country for 22 years, that usually indicates a dictatorship. In this case, the directions of the board as to whom to vote for, and which resolutions to back, is so over-the-top that it’s time for a big back-fire. I’m just one little voice, but I hope you hear from lots of people over this issue. The booklet could be used as a case study in how to be disrespectful, how to use bullying tactics, how to discourage participation in a democracy.

To the person who has to read the emails sent by members, please make sure this is copied to the board members. I for one am deeply disappointed in Coast Capital. I have been a member for over 30 years and got my first mortgage from CC or its predecessor way back then.

Sincerely,
Connie Harris, Cowichan Bay

Bullying by Coast Capital?

Here is a letter we received from one member this week…

I’m personally offended by the one sided bullying propaganda that showed up in my mail box this week. I hope every member takes the time to actually read all of it and cast a truly informed vote. To have the first 3 names on a ballot bolded with stars next to them is such a slap in the face to democracy – we are in BC for crying out loud!

We agree. Please take the time to write the editor of your local paper and say exactly that. We need to send these bullies a message that listening to what members want is NEVER a waste of time and money. Writing a letter to the editor will help to get the message out to other members, and that will send these Directors a big message that what members want matters!

Don’t be Bullied, Be Informed!
It’s your money. It’s your credit union.
Coast is stronger when it listens to its members and its employees!
Vote today!
Dont be a Bully - Be infomed