Institution profile · Federal credit union
Coast Capital
ActiveCoast Capital Savings Federal Credit UnionCDIC
Coast Capital was the first B.C. credit union to go federal, in 2018. It merged with Prospera and Sunshine Coast credit unions on May 6, 2026, and took over motusbank’s deposit accounts in 2025.
Profile facts checked October 30, 2026
At a glance
- Legal name
- Coast Capital Savings Federal Credit Union
- Type
- Federal credit union
- Head office
- Surrey, BC
- Founded
- Coast Capital says it has been member-owned for more than 85 years.
- Regulator
- Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
- Cheapest everyday account
- Free Chequing, Free Debit, and More Account — $30 a year for the Everyday example
- Best posted savings rate
- 0.3% on $10,000 (High Interest Savings Account)
- OBSI banking cases
- 29 opened in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025)
- Website
- www.coastcapitalsavings.com
Deposit protection
CDIC member since becoming a federal credit union on November 1, 2018. Prospera and Sunshine Coast deposits moved from B.C.’s CUDIC to CDIC on May 6, 2026, with transitional coverage for existing deposits.
Names CDIC lists for this member: Coast Capital, Coast Capital Savings, Prospera, Sunshine Coast Financial.
Coast Capital chequing accounts and what they cost
Coast Capital lists 3 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Free Chequing, Free Debit, and More Account at $30 a year. Accounts limited to a group are marked.
| Account | Monthly fee and waiver | Included | Fees a year |
|---|---|---|---|
| Free Chequing, Free Debit, and More Account | No monthly fee | Branch: unlimited · self-serve: unlimited | $30 |
| Unlimited Chequing Account | $8.50/mo, or $0 with a $4,000 minimum balance | Branch: unlimited · self-serve: unlimited | $132 |
| Elevate Chequing Account | $16.95/mo, or $0 with a $4,000 minimum balance | Branch: unlimited · self-serve: unlimited | $233 |
Coast Capital savings accounts and posted rates
| Account | Rate at $10,000 | Monthly fee |
|---|---|---|
| High Interest Savings Account | 0.3% | No monthly fee |
On the official lists
| Legal entity | OSFI list | CDIC member |
|---|---|---|
| Coast Capital Savings Federal Credit Union | OSFI — domestic bank (federal credit union) | Yes |
Facts, with sources
- Became a federal credit union on November 1, 2018, when its eligible deposits became CDIC-protected.Source: coastcapitalsavings.com
- Merged with Prospera Credit Union and Sunshine Coast Credit Union on May 6, 2026, keeping the Prospera and Sunshine Coast names.Source: coastcapitalsavings.com
- Pre-existing Prospera and Sunshine Coast deposits kept transitional coverage at the B.C. level: demand deposits for 180 days and term deposits to maturity.Source: cdic.ca
- Took over motusbank’s deposit accounts on November 1, 2025.Source: coastcapitalsavings.com
Your own pattern can change the order. Put your numbers into the true-cost finder to rank Coast Capital’s accounts against everyone else’s.
Complaints that reached the ombudsman
OBSI, the ombudsman for banking, opened 29 banking cases about Coast Capital Savings Federal Credit Union in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025), closed 23, and resolved 6 to the complainant’s satisfaction. Across all banks and credit unions, OBSI opened 5,438 banking cases that year (+113% on the year before) and 25% of closed cases ended with money paid.
Counts aren’t adjusted for size, so bigger banks have more cases. A complaint reaches OBSI only after the bank’s own process (up to 56 days). Source: OBSI Annual Report 2025, released March 13, 2026. How to complain.
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