Ordinary and Special Resolution

The 2017 Special Resolution to amend Coast Capital Savings’ Credit Union Rules has passed with 85.4% of members voting in favour of the changes. With almost 50,000 members participating, this vote had the second highest participation in Coast Capital’s history. Results of the Special Resolution vote were announced at the Annual General Meeting on Wednesday, May 3, 2017.

Coast Capital Savings is a democratic organization and members can forward requests or suggestions to the Board of Directors for consideration at any time. However, to bring a request or suggestion to the membership for a vote requires a resolution. There are two ways of doing this: a special resolution and an ordinary resolution.

A special resolution is a significant action or change by the credit union that must be approved by the Board of Directors and then voted on and passed by a two/thirds majority of the voting members in order to be adopted. Special resolutions must be submitted in accordance with the Credit Union Incorporation Act and the Coast Capital Savings Credit Union Rules.

An ordinary resolution does not require a rule change in order to be implemented. 

To forward a request or submission to the Board of Directors for their consideration:

By mail:
Board of Directors
#800 – 9900 King George Blvd
Surrey, BC V3T 0L7

By email via the Secretary to the Board:

By telephone via Secretary to the Board:
604-517-7602 (Metro Vancouver)
250-483-7000 (Greater Victoria)
1-888-517-7000 (Toll-free)

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).