They have expanded federally recently, and as such, I assume are on a big push to sign up new customers, with a lucrative $500 offer. They have been on the west coast for years and are quite popular on Vancouver Island/LowerMainland. Ive been with them about 20 years with no complaintszentro wrote: ↑ I'm wondering what the catch is, seems like a lot of money for opening an account and adding one pre-authorized bill (has to be over $50 if you read the fine print).
More info on this credit union: https://en.wikipedia.org/wiki/Coast_Capital_Savings
I only see that "If you're a new member, you'll need to purchase $5 in Membership Equity Shares."
"Coast Capital Savings found its beginnings in 1940 as a co-operative of BC government employees later emerging as Pacific Coast Savings Credit Union throughout a series of mergers of local Vancouver Island credit unions. Seven years later, Surrey Metro Savings and Richmond Savings were formed in the Lower Mainland of British Columbia.