Wednesday, February 20, 2013

@Coast_Capital credit union members' resolution to regain control of director pay

Over 400 members of Coast Capital Savings credit union have sent petitions to require a member vote, on a resolution to regain control of director compensation. Ballots will be sent to all members on March 21, with voting from March 22 to April 16, 2013.

More info:
Congrats and thanks to Phil Embley for alerting and mobilizing Coast Capital members!

This is the latest event in a broad trend of elected leaders reducing their accountability to voters, and voters pushing back to increase accountability. See "We Want Our Co-ops Back" at for developments at Vancity Credit Union and Mountain Equipment Co-op. Also my earlier post Tech Credit Union members' revolution.