first_img Share this article and your comments with peers on social media One Vancouver-based credit union is hoping to capitalize on customer frustration that has become evident through social media regarding higher fees from Canada’s big banks. Coast Capital Savings Credit Union is offering a $100 “freedom-fee” to new members who move from one of Canada’s “big five” banks to the credit union by opening a chequing or savings account. This offer is available until May 15, 2015 though the credit union notes that other terms and conditions apply. Merger of B.C. financial services, real estate regulators nears completion “We are a small financial institution in comparison to Canada’s national banks and we have been able to keep our fees low, while eliminating others,” says Don Coulter, president and CEO at Coast Capital. “If we can do it, why can’t Canada’s big banks?” Coulter also claims that members save more than $30 million in annual banking fees through their affiliation with Coast Capital. Related news Ontario regulator to provide $500M credit facility to PACE Credit Unioncenter_img Keywords Credit unions Tessie Sanci There’s $149 million in B.C.’s lost and found Facebook LinkedIn Twitterlast_img