Credit Union owners are both customer and owner. As a customer, you receive the services you want and as an owner you enjoy a return on your share investment in the form of competitive rates, value costs for premium service, and local control of your own financial institution.

Belonging to a credit union means that you are more than a customer - you are an owner - and as an owner you get to influence the progress of your business. There is a voluntary Board of Directors that you elect with your right to vote at the Annual General Meeting. As neighbors, living and working in the same community, First Coastal Credit Union offers all the financial services working for your own economic benefit. You’ll enjoy a flexible approach to business and responsiveness to local concerns.

Ownership includes a $100 lifetime ownership fee and we ask that you maintain $100 on deposit in your Share account. For further information, and to answer any questions you may have, please call us at 709-677-2849.

Choose a financial institution where the very ownership is designed to focus on, and to be sensitive to, your needs.

Board Selection

First Coastal Credit Union is a democratic financial institution that operates with the best interests of our owners, community and environment in mind. You could play an integral role in shaping the future direction of this progressive, dynamic, and caring organization.

Who is Eligible to become a Director?

A person who is a citizen of Canada, 19 years of age or older, and an owner of  First Coastal Credit Union who satisfies the requirements set out in the by-laws of the credit union may be a director, unless he or she
is an undischarged bankrupt person;
is an employee of a credit union, a trade association or the guarantee corporation;
is not bondable;
is an auditor, or a member of the auditor's firm, of that credit union;
is a parent, child, spouse, brother or sister of an employee of the credit union;
is the solicitor of that credit union;
is a public employee whose official duties are concerned with the affairs of credit unions;
is a person who has a loan with the credit union on which principle or interest is in arrears for a period established by regulation.

Are you Eligible to Vote?

Who may vote?  Every owner who is 19 years of age and in good standing* is entitled to one vote.

*Share balance of not less than 0, the first name on the account or have full owner status as of the date of the Annual General Meeting. The Credit Union Act (Section 73(1) and Section 75) does not allow owners to vote more than once per question or to vote by proxy.  If a corporation or association is an owner of First Coastal Credit Union, the Credit Union shall recognize a natural person authorized to represent the corporation or association by a resolution of the directors of governing body of the corporation or association.