Double Kudos for Coast Capital Savings
BC-based credit union named Top Employer and Best Managed Company for 2018

Surrey, B.C: Coast Capital Savings has again been named one of BC’s Top Employers and one of Canada’s Best Managed Companies, winning two of the nation’s most coveted business awards.

“It’s exciting that Coast Capital has once again received these two sought-after awards. Recognition like this affirms that we are delivering on our commitment to create a corporate culture that’s engaged, purpose-driven and that knows how to have fun,” said Bruce Schouten, Coast Capital’s interim President and CEO. “We have a culture that our people are excited about – one that recognizes each employee’s unique talents, and empowers them to achieve what’s most important to them. By providing our people with a great place to work, opportunities to develop their careers and undertake fulfilling work, we are giving them what they need to passionately deliver on our purpose for our members.”

This is the 17th time Coast Capital has received the prestigious award for Best Managed Companies, making the credit union a re-certified Platinum Club Member. The designation recognizes business excellence in Canadian-owned and managed companies, and places particular emphasis on the importance of an organization’s strategy, capability, commitment to goals and healthy financial performance. Those that make the award list for seven years or more are inducted into the Best Managed Companies Platinum Club and are required to meet annual requalification requirements demonstrating continued adherence to the highest standards of business performance.

BC's Top Employers, an annual list adjudicated by Mediacorp Canada Inc., recognizes BC employers that lead their industries in creating and maintaining exceptional workplaces. Coast Capital made the list for its strong corporate culture, innovative workspace, and employee training and skills development.

Some of the initiatives that helped Coast Capital win these two top-tier awards include: its dedication to helping members achieve financial well-being; prioritizing the employee health and wellness; career and development programs such as Leaders Who Inspire and Room to Grow and generous allowances for ongoing employee development; and commitment to investing 7% of their pre-tax earnings into local communities activities that support youth.

About Coast Capital Savings

Coast Capital Savings is Canada’s largest credit union by membership. An Imagine Canada Caring Company, the credit union invested $5.6 million into local communities in 2017, focusing on empowering and engaging youth. Coast Capital is one of Canada's Most Admired Corporate Cultures™, and is a winner of the Canada's Best Managed Companies Platinum Club designation. It has 52 branches serving its 555,000 members in the Metro Vancouver, Fraser Valley, Vancouver Island and Okanagan regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution. To learn more, visit coastcapitalsavings.com.

About Canada’s Best Managed Companies

Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $15 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years); 4) Platinum Club member (Winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.

About BC’s Top Employers

Now entering its 13th year, BC's Top Employers is an annual competition organized by the editors of Canada's Top 100 Employers. This special designation recognizes the British Columbia employers that lead their industries in offering exceptional places to work. The selection for this year's list was based on the detailed application submitted for this year's Canada's Top 100 Employers competition.

Employers are evaluated by the editors of Canada's Top 100 Employers using the same eight criteria as the national competition: (1) Physical Workplace; (2) Work Atmosphere & Social; (3) Health, Financial & Family Benefits; (4) Vacation & Time Off; (5) Employee Communications; (6) Performance Management; (7) Training & Skills Development; and (8) Community Involvement. Employers are compared to other organizations in their field to determine which offers the most progressive and forward-thinking programs.

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For more information:

Erin McKinley 
Manager, Communications and Media Relations
Coast Capital Savings
O: 604.517.7657
erin.mckinley@coastcapitalsavings.com

For information on changes to deposit insurance and the transition period if we become a federal credit union, see the notice pursuant to the Disclosure on Continuance Regulations (Federal Credit Unions).