LETTER: Keep Island Savings local

I urge all Island Savings Credit Union members to carefully consider their proposed merger vote

In response to the recent article about the proposed Island Savings merger.

As a business owner and 15-year member, I urge all Island Savings Credit Union members to carefully consider their proposed merger vote with First West Credit Union.

My main concern is losing local control of our credit union. We will no longer have a main office and decisions will be made at First West’s head office in Langley.

At present we have 100 per cent representation on the board but under the new structure we will have  20 per cent of the seats on the board for the first two years, after which representation will be based on total membership and assets.

As credit union members, we want our deposits available to other members of our community.  Bigger is not always better.

I believe the board of directors has not proven the need for the proposed merger, even to some of its fellow board members since the vote among board members was not unanimous.

The board has not presented a business case to show how the merger will be beneficial to members.

I will not be voting in favour of this proposal and I ask that all Island Savings members come to the aid of our credit union and vote no.

Don Skerik, Duncan

 

 

Just Posted

First day of fall: what you can look forward to in Greater Victoria this season

Food, festivals, pumpkins and more are coming your way

Seeing double, the trials and tribulations of twins

BIG READ: Three Vancouver Island mothers share their experiences with multiple births

Police seek potential victims of bad ‘nanny’

Saanich Police seek potential victims of Johnathon Lee Robichaud from Central Saanich

Needles found at Goldstream campground in Langford

West Shore RCMP respond to several calls for service associated with homeless campers

Oak Bay firefighters help fund new Monterey playground

Sausage Fest cash handed over to Monterey PAC

Neighbours fear impact of tent city residents on Goldstream Provincial Park

Langford residents opposed to campers voice concerns at campground gate

5 things to do this weekend in and around Greater Victoria

Sooke Apple Fest returns, Saanich lights up with lantern festival and anarchists unite for downtown book fair

B.C. premier apologizes for removal of 1950s totem pole at Canada-U.S. border

First Nations say pole was raised at Peace Arch but removed to make way for tourism centre

Tornado touches down in Ottawa and Gatineau, Que.

Environment Canada says cars and homes have been damaged by severe thunderstorms and high wind gusts

An unexpected sight: Bear spotted eating another bear in central B.C.

Cheslatta Carrier Nation Chief finds bear eating another bear’s carcass

RCMP confirm death of missing BC teen Jessica Patrick

No details on cause were given. Case is under criminal investigation and police are asking for tips.

CUTENESS OVERLOAD: 2 sea otters hold hands at the Vancouver Aquarium

Holding hands is a common – and adorable – way for otters to stay safe in the water

B.C. teen with autism a talented guitarist

Farley Mifsud is gaining fans with every performance

Most Read