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A pivotal year for Coast Capital

2025 was a defining year for Coast Capital—one that tested our resilience, sharpened our focus and set the stage for transformational growth. Against a backdrop of global economic uncertainty, Coast Capital continued to advance its purpose, helping more than 600,000 members realize their goals and overcome financial challenges. This past year, our members also strongly endorsed the proposed merger with Prospera and Sunshine Coast credit unions. Once completed, it will mark a historic milestone that will strengthen our cooperative presence nationally and expand the positive impact we can make for people and businesses in Canada. 

Resilience against economic headwinds

The Canadian economy was shaped by the macroeconomic impacts of global trade disputes in 2025, which contributed to softer growth expectations and a challenging operating environment. Tariffs and broader global uncertainty placed pressure on financial performance, driving continued higher provisions for credit losses and a declining interest rate environment throughout the year. 

Despite these headwinds, Coast Capital’s performance remained resilient. We maintained the strength of our balance sheet through disciplined management and positive earnings, enabling us to preserve our credit ratings by global credit rating agency Morningstar DBRS, which affirmed our long-term and short-term credit ratings of BBB (high) and R1 (low). 

Balance sheet growth remained a bright spot, increasing by $933 million—the highest Coast Capital has achieved in the past seven years. Strong performance in our core retail and commercial portfolios generated $503 million in net growth deposits, and wealth assets under administration rose by $946 million. 

Our net-interest income also improved, growing by five per cent. This increase reflects our ability to prudently manage loan and deposit portfolios, capitalize on improving net interest margins, and navigate a difficult interest rate environment. Taken together, these results provided for an improved net income of $16.5 million reinforcing our resilience through a constrained economic environment. 

Working towards a historic merger vote

This past year reaffirmed the importance of scale and long‑term thinking. Our planned merger with Prospera and Sunshine Coast credit unions will create Canada’s largest national purpose‑driven credit union—giving Canadians more choice, more access and more value in how they bank. 

Coming together will help us deliver a wider range of products, services and tools so we can better support our members now and in the future. Our combined resources will help us continue to keep pace with increasing regulatory requirements and competitive pressures while investing in new technologies that elevate our members’ experience. With an even stronger foundation, we also expect to deepen our support for initiatives that strengthen and uplift local communities. 

Delivering for our members

Central to our success in 2025 were Coast Capital’s 1,800 employees, whose expertise and commitment to our members’ financial well-being ensured we remained a trusted and reliable financial partner during an uncertain year. Paired with our employees’ dedication, we introduced several initiatives to better support our members and help them build financial resilience: 

  • Support for small businesses. We launched three new small business chequing accounts—Business Core, Business Essential, and Business Premium—designed to meet the needs of a business at every stage of its growth. We also introduced Business Money Builder, an online tool that gives small business members personalized advice and expert guidance to help achieve their financial goals. 
  • Technology and digital enhancements. We continued investing in technology to expand digital capabilities and to enhance our banking experience in response to member feedback. This included adding Google Pay and Samsung Pay, as well as expanding self‑serve capabilities for members wishing to renew their mortgages online. 
  • Enhancing financial resilience
    We launched a new Financial Education program to help members, employees and communities strengthen their financial health. In 2025, we delivered 101 sessions to more than 1,200 participants through in‑branch, community partner and virtual seminars, customized workshops and self-guided resources. 
  • Welcoming new Coast Capital members. We were pleased to welcome new members, including nearly 7,000 members following the acquisition of motusbank’s assets and liabilities, as the national digital subsidiary of Meridian Credit Union wound down its operations. These new members now have access to our award‑winning digital banking platform, competitive products and exceptional member experience. 

Strengthening trust and looking forward

Going forward, our focus remains on deepening our relationship with members and extending our tailored advice to more individuals and businesses across Canada—positioning Coast Capital for long-term success. The progress we made in 2025, financially, operationally and in service to our members sets a strong foundation for the future.

Together—with our members, employees, and partners—we look forward to building a stronger, purpose‑led alternative in Canadian banking and I am grateful for the trust our members continue to place in us.

Calvin MacInnis,
President & CEO