Coastal Financial Credit Union - Corporate Information

Unique Benefits

Credit Union members are also owners. As a member, you receive the services you need and as an owner you enjoy a return on your share investment in the form of competitive rates, value for premium services, and local control of your own financial institution.

Local Ownership and Control

Belonging to a credit union means that you are more than a member - you are an owner - and as an owner you get to influence the progress of your business. There is a voluntary Board of Directors that you elect with your right to vote (either in branch or at the Annual General Meeting). You can also run for the board of directors or participate in various committees. All decisions are made locally, by people who live in and understand your local community. As neighbours, living and working in the same community, Coastal Financial Credit Union offers all the financial services you require with a big difference - pride in knowing all monies stay here in our own communities working for your own economic benefit. You'll enjoy a flexible approach to business and responsiveness to local concerns. All things being equal, why would you not choose a financial institution where the very ownership structure is designed to focus on, and is sensitive to, your needs?

Community Involvement

Coastal Financial Credit Union is uniquely positioned to support community development through:

Loans to members and small businesses
Investment in community projects
Sponsorship of community activities and events
School Bursaries
Employees active in the community as members of chambers of commerce, church groups, service organizations, charitable organizations, and numerous other activities

Service to Members

Coastal Financial Credit Union has approximately 9000 members and total assets over $100 million. Our professionally trained, knowledgeable employees provide personal service and attention to members from 4 branch locations in Nova Scotia. Wealth Management services are available through Raymond James Ltd.*, a strategic affiliation which has been established between Coastal Financial Credit Union and Raymond James Ltd. in order to better serve our membership.

Members can choose to conveniently transact their business electronically through Mobile Banking (using our App, via text or web), a national network of ATMs, MemberDirect® online banking, eTransfers (email), Deposit Anywhere® (cheque deposit by taking a photo from a smart phone), and TeleService (telephone banking).

*Mutual funds and other securities-related products and services are offered through an affiliation with Raymond James Ltd., by referral to Stephen Bishop & Associates Wealth Management Services of Raymond James Ltd. Prior to engaging in this relationship, a full account relationship disclosure document will be provided for review and discussion. Commissions, trailing commissions, management fees and expenses all may be associated with investment products. Mutual fund investments are not guaranteed, their values change frequently and past performance may not be repeated. Before investing in any mutual fund product, please read the prospectus. Unless otherwise stated, cash balance, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Raymond James Ltd. is an IIROC Member Firm and a Member of the Canadian Investor Protection Fund. Information brochures on IIROC and the Canadian Investor Protection Fund are available through your Raymond James Advisor and their office. You can also visit the Raymond James website at www.raymondjames.ca for additional information on Raymond James and its products and services.

Credit Union Potential

The ability of credit unions to return benefits to their members and their communities is in direct proportion to the support they receive from members in the community. Making Coastal Financial Credit Union your primary financial services provider means higher levels of service and greater benefits and rewards to both members and the community. We see ourselves becoming part of every family in our province by establishing a relationship of trust with dependable, complete service for every financial need. Credit unions are part of a strong regional, national and international network of financial co-operatives.

Provincial

In Nova Scotia, 148,078 residents are credit union owners. There are 27 credit unions and total assets are $2.3 billion as of June 2016.

National

Canada's largest group of financial institutions, serve over 5.6 million Canadians and are ranked among Canada's largest financial service providers, with combined assets of over $196 billion.