(Surrey, BC) – Coast Capital Savings, Canada’s largest credit union by membership, is donating a total of $75,000 to food banks across the province. Through Food Banks BC, 18 food banks are receiving donations from Coast Capital to help families and young people with food security through the holiday season.
“Coast Capital is committed to giving back to the communities where we live and work. We work to build a richer future for youth in our communities and we know that at least one third of those who access food banks in Canada are children and youth.” said Maureen Young, Director, Community Leadership at Coast Capital Savings. “We hope that our donation will help make the season brighter and merrier for those who need it most.”
Laura Lansink, executive director of Food Banks BC, said support from corporate donors like Coast Capital is vital to the successful operation of food banks, and donations of funds are able to go even further than food, thanks to the buying power that food banks have.
“Thanks to relationships with grocers and farmers, food banks across BC are able to maximize donations to make a significant impact on hunger in BC. This means that Coast Capital’s donation of $75,000 translates into 225,000 healthy, nutritious meals,” said Lansink. “As demand grows over the holiday season, Coast Capital’s generous donation will mean that much more to vulnerable families and young people across the province.”
Coast Capital Savings is one of Canada’s most significant corporate community investors with 7 percent of its budgeted pre-tax profits invested into its communities annually. This year alone, that totals almost $6 million and more than $71 million since 2000.
About Coast Capital Savings
Coast Capital Savings is Canada’s largest credit union by membership. An Imagine Canada Caring Company and a certified B Corporation in recognition of its social performance, 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. In 2018, Coast Capital was awarded the Corporate Responsibility Award at National Philanthropy Day by the Association of Fundraising Professionals, Vancouver Island Chapter. 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.