Special resolution passes at Coast Capital Savings
The special resolution for Coast Capital Savings passed by a wide margin. I am amazed that this passed, particularly given the misleading tactics used by the board to campaign against the resolution. Given that a huge number of voters were likely Coast Capital employees, this is a sign of employee dissatisfaction with the leadership at this credit union. It also means that future special resolutions have a good chance of passing, particularly if they’re aimed at putting a tighter leash on the board of Coast Capital. I suspect Bill Wellburn will step down as chair of the board within the next twelve months.