SURREY, BC AND CALGARY, AB – Coast Capital Savings Federal Credit Union (Coast Capital) and Collabria Financial Services Inc., (Collabria) announced today that Collabria will become the exclusive credit card issuer for Coast Capital members as of October 2023. Through this partnership, Coast Capital members will benefit from Collabria’s turn-key full-service, digitally enabled credit card program.
“We believe every Canadian deserves a financial partner who is invested in their success, and that is why we’ve chosen Collabria as our partner to help us provide credit card services to our current and future members across Canada,” said Catherine Wood, Chief Strategy, Product and Marketing Officer, Coast Capital. “Collabria’s experience and understanding of providing card services to financial cooperatives will bring our members an enhanced suite of credit card products, rewards and benefits that support their financial goals.”“At Collabria, we are committed to providing our partners with a credit card program they can proudly endorse to their members, and that reflects our shared co-operative values,” said Jean-Marc Handfield, CEO, Collabria. “Our modernized digital features, including our newly released digital account management platform, CardWise, will modernize the credit card experience for Coast Capital and their members across Canada.”
As a national partner to over 200 credit unions and financial institutions across Canada, Collabria is providing modern, scalable, digitized credit card solutions to their partners, like Coast Capital and their members. Partnering with Collabria will enable Coast Capital to deliver a flexible credit card offering that evolves with the needs of its members.
Both Collabria and Coast Capital are committed to fully supporting current Coast Capital cardholders during this transition, who can expect to transfer to a Collabria-issued credit card in October 2023. Cardholders will be provided with a product that meets the needs their current credit card is serving and can expect direct communication via mail from Collabria and Coast Capital in the coming weeks.
About Coast Capital SavingsAt Coast Capital, we’re not dreaming about a better future, we’re building one. We’re a member-owned financial cooperative with an 80-year legacy of unlocking financial opportunities that positively impact people and communities. It’s our belief that every Canadian deserves a financial partner who cares how things turn out. Driven by our social purpose, we look at everything we do through the lens of how we can help our 600,000 members, our employees, and communities. A proud Certified B Corporation®, we’re part of a global movement building a more inclusive, equitable and regenerative economic system.
We also continue our strong commitment to community investment, with more than $95 million reinvested in our communities over the past two decades. We’re deeply committed to making our financial cooperative a great place to work as demonstrated by some of our accolades. Coast Capital is a platinum member of Canada’s Best Managed Companies, one of Canada’s Most Admired Corporate Cultures, and a B.C. Top Employer and Canada’s largest federal financial cooperative by membership; we have been recognized for our work in the Social Purpose space in the first-ever Social Purpose Ranking by Canadian media and research firm, Corporate Knights. To learn more, visit us online at coastcapitalsavings.com.
About Collabria FinancialServing over 97% of all credit unions in Canada, Collabria services the needs of credit unions and small financial institutions from coast to coast by offering a world-class credit card program tailored to the needs of credit unions and their members. As a customer-centric provider, we operate through collaboration based on cooperative principles to deliver a broad range or Mastercard and Visa network branded consumer and business credit cards.
At Collabria, our unique offering enables the largest and smallest credit unions the ability to carry their own brands on their credit cards, along with the scale and capability that only the largest financial institutions have access to. For more information, visit collabriafinancial.com.
Media Contacts:Greg FeniakChief Marketing OfficerCollabria Financial Services Inc.,Email: communications@collabriafinancial.com
Coast Capital Media Line:Ph: 778.391.6225Email: media@coastcapitalsavings.com