Monday, March 20, 2017

Why I'm Voting NO on Coast Capital Savings' proposed rules change

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:
coastcapitalcompensationwatch.wordpress.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

See new report: A Case Against Coast Capital Savings Becoming a Federal Credit Union
Published March 16, 2017 at GovernanceWatch.ca.

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