SURREY, BC, Feb. 21, 2012 /CNW/ - For the fourth consecutive year, Coast
Capital Savings has been named a member of the Platinum Club of
Canada's Best Managed companies, the nation's top-tier business
leadership honour roll.
This is the 12th time Coast Capital Savings has received the Canada's
Best Managed Companies award, which is sponsored by Deloitte, CIBC,
National Post and Queen's School of Business. Companies that make the
award list six times in a row qualify to apply for platinum status.
"Being recognized as one of Canada's best managed companies for 12
years, including four platinum designations, speaks to Coast Capital
Savings' ongoing commitment to progressive business practices and
management excellence," said Tracy Redies, president and CEO of Coast
Capital Savings. "This important national award demonstrates to our
customers, employees and other stakeholders that at Coast Capital
Savings we constantly strive for innovation and work hard every day to
change the way Canadians feel about banking, forever."
Redies said one of the pillars of Coast Capital's management approach is
the involvement of staff across the organization in the development and
implementation of innovation.
"This award should have the names of all our staff inscribed on it
because they carry this organization on their shoulders everyday with
their leadership, hard work and commitment to our customers," Redies
Some initiatives and accomplishments that helped Coast Capital Savings
secure a spot in the Platinum rankings for 2011 include:
Launch of the Where You're At Money Chat, a service that helps customers improve their financial well-being by
using the "Four Money Basics" to manage, save, grow and protect their
Coast Capital's You're the Boss Mortgage, the most flexible mortgage in
Canada, was named Mortgage of the Year by CanadianMortgageTrends.com
Launching an upgraded version of its innovative aperio branch concept.
The new aperio 2.0 branch in North Vancouver includes features such as
customer-friendly workstations, a small business gallery and in-branch
iPads where customers can complete their Money Chat
Enhancing governance through the introduction of online voting for Coast
Capital's directors election
One of the highest customer growth rates in the industry, with nearly
20,000 new customers in 2011
Strong community leadership, including a contribution of more than seven
per cent of Coast Capital's pre-tax profits to the community
Redies said the Best Managed Companies recognition inspires Coast
Capital Savings to continue to look for new ways to build on current
"Coast Capital's recognition as one of Canada's best managed companies
affirms our forward direction; however there is always room to grow and
become stronger," she said. "We are always looking to pursue
innovation in all areas as we continue to deliver financial products
and services that set us apart from others."
SOURCE Coast Capital Savings Credit Union
For further information:
Media Relations Advisor, Coast Capital Savings