Coast Capital Savings Offers Condolences to Jim Flaherty's Family and Colleagues

SURREY, BC--(Marketwired - April 10, 2014) - Coast Capital Savings was saddened to learn of the death of former Finance Minister Jim Flaherty earlier today, and offers its condolences to his family and colleagues.

"I had the pleasure of working with Mr. Flaherty and his team during his tenure as Minister of Finance, and believe he has left a tremendous legacy for the credit union sector and for all Canadians," said Tracy Redies, CEO.

Redies noted that Flaherty's work to introduce legislation enabling credit unions to operate federally was particularly significant for the credit union sector.

"As Finance Minister, Mr. Flaherty had the vision to provide credit unions the opportunity to expand beyond provincial borders. While not every credit union will choose this path, it's an important option to have available in our sector. Mr. Flaherty had a keen understanding of the role credit unions play in Canada's economy, and took significant steps to help ensure we remain strong and competitive."

About Coast Capital Savings

Coast Capital Savings is Canada's second largest credit union, owned by its 512,000 members. It has 50 branches in the Metro Vancouver, Fraser Valley and Vancouver Island regions of British Columbia and has exciting plans to grow. Product innovations include Canada's first free chequing account from a full-service financial institution. Coast Capital offers one of Canada's 10 Most Admired Corporate Cultures™ and was named one of 2014's BC Top Employers. It is a member of Canada's Best Managed Companies Platinum Club and an Imagine Canada Caring Company. To learn more, visit www.coastcapitalsavings.com.