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Coast Capital is a credit union. But what does that mean?


Back in the 1940s, it was difficult for people to get access to the banking services that they really needed. Credit unions came to the rescue of communities across the province and made banking fair and accessible to all. Back then, we put people first. And today, we still do the same.

There are many reasons why Coast Capital is Canada’s largest credit union by membership. Let’s go over some of the details that explain why over half a million people trust our service today.

What makes a credit union different?

As a credit union, we’re owned by our members. When you join Coast Capital, you’ll purchase $5 in membership equity shares. And just like that, you own a piece of the sweet Coast Capital pie. That means we’re accountable to you, and you get a say in how we do things around here. Every member owns the same amount of shares – no more, no less.

Why bank with a credit union?

It’s not an accident that 555,000 (and growing) members have chosen to do their banking with us. If you’re already a member, you know the benefits of banking with a credit union. And if you’re not, you’re about to.

You save money.

Since we’re accountable to our members, we’re dedicated to doing what’s really best for them. And you know what’s not great? Paying service fees. We were the first full-service financial institution in Canada to introduce a free chequing account. Our Free Chequing, Free Debit and More Account®  can save you some serious cash that you can use for things that are more important to you – like saving for retirement or that family trip to Hawaii. We’re also able to offer other perks like better interest rates.

You’re a part of something bigger.

We’ve made a promise to build a richer future for youth in our communities. Each year, we give 7% of our pre-tax earnings back to the communities where our members live, with a focus on helping youth. In 2017, our members helped us give $5.6 million to youth-focused initiatives. Since 2000, that number has reached more than $71 million. By banking with Coast Capital, you’re empowering youth in your community. So hats off to you.

You get a say.

Your voice matters. As a credit union member, you play an important role in deciding what’s next for Coast Capital. Members vote on our Board of Directors, who are here to help make sure your voice is heard. You also get to vote in special resolutions, like the one we held to make the call on if we would apply to become a federal credit union. And lastly, you’re invited to our Annual General Meeting, where we discuss important things that have happened here over the past year, and you can get to know your Board of Directors. Basically, you’re running the show here.


We’re here to help.

We’re here to help you achieve financial well-being, whatever that means to you. Through financial coaching, low fees and great interest rates, we can help you achieve what’s important in your life.

We’ve delivered over 75 years of simple financial help, and look forward to delivering 75 more. Become a member and experience first-hand all the perks and benefits that come with joining a credit union.

Ready to join? Apply online in less than five minutes.

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