The board of directors of Coast Capital Savings has voted unanimously to ratify Coast Capital Savings Credit Union as the legal name of the organization following its recent merger with Surrey Metro Savings.

While Surrey Metro Savings will operate as a division of Coast Capital Savings for the remainder of the year, the credit union plans to roll out the Coast Capital Savings name to all 17 Surrey Metro Savings locations in 2003.


“Coast Capital Savings is a great name,” said President & CEO Lloyd Craig, in a statement. “It refers to the general geographic area where we do business, and recognizes the financial, social and human capital that drives our vision,” he added.

Craig was appointed president and CEO of Coast Capital Savings on July 31. He had been president & CEO of Surrey Metro Savings since 1986.

Coast Capital Savings is the second largest credit union in Canada with 42 branches, $6 billion in assets, and the largest in the country in terms of membership, with 300,000 members.