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

Cycslists were all smiles during ninth Tour de Victoria

More than 2,100 cyclists participated

‘I’m just absolutely disgusted’: Husband furious after Const. Beckett’s killer gets day parole

Kenneth Fenton was sentenced to prison after he fatally struck Const. Sarah Beckett’s cruiser

Police investigating incident in Saanich neighbourhood

Neighbours tell Black Press Media that a body has been found, but police remain tight-lipped.

Panels proliferate in Victoria’s Commercial Alley Art Gallery

City artist Fern Long’s themed works will be on display through August 2020

Colwood man takes on Ride to Conquer Cancer for 11th year in a row

Team Finn has raised almost $3 million for BC Cancer Foundation

VIDEO: Langley Ribfest met with protesters

Groups that oppose the event for various reasons plan to be on site each of the three days.

Canadians killed in Afghanistan honoured during emotional dedication ceremony

One-hundred-fifty-eight Canadian soldiers died during the mission

It’s snow joke: Up to 30 cm of snow expected to fall in northeastern B.C.

Alaska Highway, Fort Nelson to be hit with August snowstorm, according to Environment Canada

Sea-to-Sky Gondola in B.C. likely out of commission until 2020

Sea to Sky Gondola carries between 1,500 and 3,000 people every day during the summer season

Helicopter-riding dog Mr. Bentley now featured on cans of new B.C.-made beer

Partial proceeds from every pack go to Children’s Wish

PHOTOS: Weapons seized at Portland right-wing rally, counterprotests

Not all who gathered Saturday were with right-wing groups or antifa

Ferries employees participating in Denman Island cleanup for plastic-shedding ferry

The cleanup comes a few weeks after one organized by residents of the Island

Discussion on grief and loss between Stephen Colbert, Anderson Cooper goes viral

The exchange includes emotional question from Cooper, and outlook on grief as a child

Toronto activist calling on federal parties to nominate more black candidates

Fewer than 20 black Canadians have been nominated so far, including some Liberal MPs seeking re-election

Most Read