FICOM asked for public input regarding Coast Capital’s bid to go national, and the title of this post reflects my favorite comment, referring to how a federal Coast Capital Savings would be something of a half-breed business, between a bank and a credit union (see p. 32 of the consolidation).
Using a freedom-of-information request, I obtained copies of the comments that were received by FICOM.
Speaking in favor of the proposal were:
- Blue Shore Financial
- Canadian Credit Union Association
- First West Credit Union
- and two unnamed submissions, one from a former executive of Richmond Savings/Coast Capital (see p. 36).
Speaking against the proposal were:
Expressing no opinion were:
Here is a consolidation of the unnamed submissions.
My own submission can be found here: