Board Roles and Responsibilities

You know we have them, but what are they doing?

Coast Capital Savings is committed to best practices in governance and is continuously building a Board of Directors that will meet the needs of the credit union now and in years to come.

Board of Directors Mandate

The Board of Directors is responsible, under law, for managing Coast Capital Savings’ business and its affairs. It has the statutory authority and obligation to protect and enhance the assets of the credit union. The duties and responsibilities of the Board of Directors are set out in the mandate for the Board.

The Board reviews its mandate annually to ensure that it adequately reflects how the Board functions, as well as its operations and responsibilities, and that it complies with existing regulations.

Read the Board of Directors Mandate

Board Chair Charter

The Chair, as the presiding Board member, ensures that the relationships between the Board, management, and members are effective, efficient, and further the best interests of Coast Capital Savings. In performing this role, the Chair works with the CEO, manages the Board, and ensures effective relations with members, other stakeholders, and the general public.

Read the Board Chair Charter

Director's Mandate

A director’s job is to work with the Board in providing strategic advice and business oversight of the credit union’s operations. This involves contributing to and approving corporate strategy, stewardship through policy approval and oversight of Coast Capital’s complex financial business. Directors are required to act honestly, in good faith, and in the best interests of the credit union. In doing so, they must take into account the interests of the members, depositors, and others to whom directors owe a fiduciary duty.

Read the Director's Mandate

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).