Monday, October 17, 2016

Why I'm Voting NO on Coast Capital Savings Proposal to Go National

Coast Capital Savings is proposing to become a federal credit union. We members can vote from today through November 28, on paper ballots we receive in the mail, or by logging in at coastcapitalsavings.com/OnlineBanking.

I'm voting NO because 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:
coastcapitalcompensationwatch.com/facts

- Confusing members with one-sided campaigns against members' resolutions – see:
votermedia.blogspot.ca/2014/03/vote-for-member-democracy-coastcapital.html

The dangers of going national are well described at: 
governancewatch.ca/ThreatsToCoastCapitalsMembers.html