The Work Index by Flexa

Coast Capital Savings Federal Credit Union (Coast Capital)

Coast Capital Savings is a member-owned financial cooperative based in British Columbia, Canada, that offers a variety of financial products and services to individuals and businesses.

https://www.coastcapitalsavings.com/
5.3

/10

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Description

Coast Capital Savings is a member-owned financial cooperative that operates as a credit union. With a focus on serving its members rather than prioritizing profits, Coast Capital boasts over 600,000 members and has been in operation for over 80 years. The company is committed to building better futures for its members and the communities it serves, reinvesting 10% of its annual profits back into local communities.

Coast Capital offers a variety of financial products and services, including everyday banking, mortgages, wealth management, auto finance, and business banking. It is a Certified B Corporation®, demonstrating its commitment to social and environmental responsibility. The company also actively promotes equity, diversity, and inclusion within its workforce and within the communities it serves.

Flexibility

Coast Capital Savings offers employees a flexible work environment through its myWork program, which allows employees to choose how and where they work based on the nature of their role. This flexibility allows employees to find the best work-life balance and to work in a way that is most productive for them. The company also offers a variety of other benefits, such as comprehensive health and dental insurance, paid time off, and a generous retirement plan.

Benefits

Coast Capital Savings offers comprehensive, customizable benefits for employees and their families, including extended health coverage, banking and lending perks, wellness programs, and the choice of a defined contribution or defined benefit pension plan or RSPs. They also provide employees with mortgage and auto financing benefits, an online community for employee recognition, and a volunteer program that donates $10 for every hour an employee volunteers to a Canadian charity or non-profit.

Mission

Coast Capital Savings is a member-owned financial cooperative dedicated to building a better future for its members and the communities it serves. Through expert advice, innovative products, and a commitment to social purpose, Coast Capital aims to help its members achieve their financial goals and live the life they want. They believe in prioritizing people over profits and reinvesting 10% of their budgeted profits back into their communities. Coast Capital is driven by a strong social purpose to create a more inclusive and equitable financial system that unlocks opportunities for all.

Environmental impact driven
Improving quality of life/health
Not-for-profit
Social impact led
Sustainability

Culture

Coast Capital Savings promotes a culture that values purpose, connection, flexibility, growth, and well-being. They prioritize a member-first approach, believing in building a better future for both their employees and the communities they serve. This translates into a supportive and rewarding work environment where employees feel empowered, encouraged to take risks, and valued for their contributions. The company embraces diversity and inclusion, striving to create a space where everyone feels safe to be their authentic selves and thrive. Their focus on work-life balance is evident in their flexible work arrangements, generous benefits, and opportunities for professional development.

Collaborative
Engaging
People-first
Progressive
Supportive
Transparent

DE&I

Coast Capital Savings is committed to building a more inclusive and equitable workplace and society. They are a certified B Corporation and believe that their purpose is to create opportunities for people of all backgrounds, lived experiences, and worldviews. Their approach to diversity, equity and inclusion focuses on building awareness and understanding among employees of the experiences of individuals and communities facing systemic exclusion and inequities, and creating opportunities for diverse employees to ensure the organization reflects the communities they serve. They are actively working to become an anti-racist organization and have implemented several initiatives to advance their goals, including embedding EDI best practices into their talent acquisition processes and employee onboarding journey, launching inclusive leadership training, hosting learning sessions on equity and reconciliation, and directing a significant portion of their education awards to Indigenous students.

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