About

The contents of this site have been researched, compiled and financed by members of Coast Capital Savings who have an interest in the democratic principles of cooperatives and the promotion of equality and fairness.

Please join us in restoring member democracy to our credit union.

If you have any questions or require additional information, please drop us an email a member will get back to you.

Thanks for your interest and support.

4 thoughts on “About

  1. Thank you for your work on this issue. Just to let you know we will be supporting your resolution. I don’t know if you can generate enough interest to get the 2/3 vote required (is this 2/3 of all members or only of those that vote?) but we hope so. Also do you have a way to track the votes….are you confident the process is reliable?

    It seems we live in a time of greed where there is a significant division between those that donate their time to help make our communities a better place to live and a minority who require huge amounts of compensation to make it worth their while to participate.

    By way of background we started as members of the credit union when it was a small public service members credit union in the 1970’s before a series of amalgamations to become a large organization. An unfortunate sign of the times when the dominante view continues to be that bigger is better.

    Like many, I suppose we haven’t paid much attention to governance issues and transparency so it is an eye opener to be informed of the issues you raise. Thanks for taking this on.

    We have long since retired to Ladysmith and do much of our banking at our small local credit union but for simplicity kept our pension deposit , RRSP etc. at Coast Capital. We have already moved our RRSP (which they fought by the way) but if your resolution does not pass we will move all our banking to our local credit union where the money does a lot of support work in our local community.

    I am thinking that even if it does not pass, the board should do the right thing and pass a resolution on their own that returns the responsibility of compenstation to members and rolls back their compensation. I will copy this note to Bill Wellburn through their web site if that is possible so he is aware of our sentiments.

    I

    • Thanks for your support and encouragement. We need to have 2/3rds of all votes FOR our special resolution. So the more people you can encourage to vote, the better our chances! The board has blocked us in everyway legally possible and have even made unsubstantiated rumours about the accuracy of our data in their Special Resolution booklet. They only allowed our Special Resolution to go forward since they are legally required to do so. We might not win, but we are fighting a worthy fight. Thanks again for your support.

  2. i got my ballot in the mail today (finally)! ive been looking forward to this for a long time. i am further encouraged to hear the requirement is 2/3 of votes cast. i was really afraid the threshold is 2/3 of all members. im sure if anybody that has a basic understanding of english will comprehend the obvious that this resolution needs to pass and that the status quo is embarassingly flawed.

    thnx phil for bringing this ‘tiny’ detail the board has never mentioned to us to the fore for everybody to be aware of.

  3. I am almost ready to close my CC accounts and switch over to VanCity. But as a “Non-Quitter”, I would first like to get involved rectifying CC to have a more volunteer-based board and to bring back democratic involvement amongst members.

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