Coast Capital Savings Credit Union

Coast Capital Savings Credit Union

March 22, 2006 13:26 ET

Coast Capital Savings Holds Directors Election

SURREY, BRITISH COLUMBIA--(CCNMatthews - March 22, 2006) - Coast Capital Savings members will be voting March 21 to April 12 in the credit union's 2006 directors election. Three directors will be elected and the results of the vote will be announced at Coast Capital Savings' annual general meeting April 26 at 5 p.m.

"The annual directors election is a chance for our members to make a difference and determine the future direction of the credit union and assist in our continuous growth," said Wellburn. "The role of a corporate director is a serious responsibility, and the annual election is our members' opportunity to assist the credit union in adding strength and building a Board of Directors that will meet the needs of Coast Capital Savings in the future."

The Board of Directors provides strategic advice and business oversight to the credit union's management operations, oversees best practices in corporate governance, promotes ethical behavior, and represents members' interests. Each director voted to the board will represent the interests of all Coast Capital Savings members. The following six candidates are standing for three-year term positions on the board:

- Daniel Burns

- Bob Garnett

- Karen Kesteloo

- Steven Kurrein

- Ben Phillips

- Geoffrey Tigg

Coast Capital Savings' annual general meeting will be held in Surrey and Victoria and broadcast by live webcast via the credit union's website. The credit union will also offer complimentary bus service to the meeting for members requiring transportation.

Voting packages were mailed to Coast Capital Savings' members on Monday, March 20. Ballots must be received by the Returning Officer by the close of business on Wednesday, April 12, 2006. The results of the election will be posted in Coast Capital Savings branches for one month following the Annual General Meeting. Results will also be available on the credit union's website at www.coastcapitalsavings.com.

Coast Capital Savings is Canada's second largest credit union with $8.2 billion in assets, 340,000 members and 47 branches across the Lower Mainland, Fraser Valley and Vancouver Island. The credit union was the first full-service financial institution to introduce free chequing in Canada. Coast Capital Savings is ranked among the 50 Best Employers in Canada by the Globe and Mail's Report on Business magazine in a survey conducted by Hewitt Associates. The credit union was also named by Imagine Canada for the second straight year as the best corporate citizen in Canada's financial services industry.


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