July 14, 2014 2:11 AM ET

Diversified Financial Services

Company Overview of Coast Capital Savings Credit Union

Company Overview

Coast Capital Savings Credit Union, along with its subsidiaries, provides various financial products and services to its members in the Metro Vancouver, Fraser Valley, and Vancouver Island regions of British Columbia. The company offers checking, savings student and youth banking, and seniors banking accounts, as well as wire transfers, currency drafts, travelers cheques, safety deposit boxes, and night deposit services; mortgages, personal loans, RRSP loans, and lines of credit; life and disability insurance, auto insurance, motorcycle insurance, home insurance, travel insurance, boat insurance, and recreational vehicle insurance solutions; investing; and credit cards for individual custome...

15117 – 101 Avenue

Surrey, BC V3R 8P7

Canada

Founded in 2000

Phone:

604-517-7000

Fax:

604-517-7405

Key Executives for Coast Capital Savings Credit Union

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Chief Commercial Officer
Chief Risk Officer
Compensation as of Fiscal Year 2014.

Coast Capital Savings Credit Union Key Developments

Coast Capital Announces Board Changes

Coast Capital announced that, in line with the credit union’s established succession plan, board director Bill Cooke will assume the role of board chair. Cooke will replace the credit union’s founding chair Bill Wellburn who is stepping aside from the role but remaining as a board director after 14 years of leadership. Cooke undertakes his new responsibilities after serving as a Coast Capital board director since 2007 and chair of the risk review committee since 2010.

Coast Capital Savings Credit Union Announces Earnings Results for the Year Ended December 31, 2012

Coast Capital Savings Credit Union announced earnings results for the year ended December 31, 2012. For the period, the company announced net income increasing by nearly 17% from $62 million to an all-time high of $72.4 million, while membership rose to top the half million member mark. The results show total loans grew by 9.8% from $9.8 billion at the end of 2011 to $10.8 billion on December 31, 2012. Revenue was $323.3 million in 2012, compared to $311.4 million the previous year, an increase of 3.8%.

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