Coast Capital Savings is proposing a rules change to pursue its aim to become a federal credit union. We members can vote from now through April 12, on paper ballots we receive in the mail, or by logging in at coastcapitalsavings.com/OnlineBanking.
I'm voting NO for the same reasons I voted NO on going national: the board's past behaviour gives me no confidence that they are acting in members' best interests. For example:
- Overpaying itself with members' funds – see:
- Confusing members with one-sided campaigns against members' resolutions – see:
The dangers of going national are well described at:
See new report: A Case Against Coast Capital Savings Becoming a Federal Credit Union
Published March 16, 2017 at GovernanceWatch.ca.