Director Remuneration
About Coast Capital Savings Director Remuneration
It is important we attract and retain Directors with appropriate business experience, skills, and expertise to provide the oversight required to help Coast Capital Savings achieve current and future goals.
Annual retainers are prorated to reflect actual dates of service of the Board Chair, individual Directors and Committee Chairs. Meeting fees are paid for Directors’ attendance at Board meetings, strategy sessions, committee meetings for which the Director is a member and other designated meetings or events deemed eligible for payment by the Board or the Board Chair. Additionally, the credit union is required by law to pay matching Canada Pension Plan contributions on federally regulated pensionable earnings. Directors do not receive discounts or preferred rates on products and services offered by the credit union.
Director remuneration effective May 6, 2026
| Annual Board Chair Retainer | $85,000 |
|---|---|
| Annual Board Member Retainer (*not applicable to Board Chair) | $50,000 |
| Audit & Finance Committee Chair Retainer | $15,000 |
| Risk Review Committee Chair Retainer | $15,000 |
| Human Resources Committee Chair Retainer | $10,000 |
| Governance & Nominations Committee Chair Retainer | $10,000 |
| Vice Chair Retainer | $10,000 |
| Board and Committee Meeting Fee | $1,000 |