Community Savings Credit Union Objects to Outsourcing

SURREY, BRITISH COLUMBIA — (Marketwired) — 04/10/13 — Recent media reports regarding the use of temporary foreign workers and the outsourcing of Canadian jobs is of significant concern to Community Savings Credit Union.

“As a credit union that is deeply committed to the working community, I am alarmed at the trend of reducing costs by outsourcing to offshore locations when there are Canadian jobs at stake,” says Doug Eveneshen, President & CEO of Community Savings. “For nearly 70 years, we-ve strived to support our families and the communities where work and live by actively seeking out local products and services for company use. We have criteria in place that guarantees vendors will only use local labor when working on behalf of Community Savings.”

As the first financial institution in British Columbia to sign the Living Wage Agreement, Community Savings strongly supports its staff by paying all employees a fair wage that exceeds the provincial minimum. As the only fully-unionized credit union in British Columbia, commitment to staff is upheld by ensuring fair treatment at work. Staff are encouraged to invest in their neighbourhoods by shopping locally.

“As a co-operative, our Members benefit when we support and reinvest in our communities,” says Eveneshen. “We are accountable to our Members, not shareholders; this is how Community Savings Credit Union puts people before profit.”

About Community Savings Credit Union

Community Savings Credit Union was established in 1944 to help improve the financial strength of the working community within British Columbia. Today, the credit union serves 11,000 members and is BC-s 16th largest credit union with assets totalling over $454 million. In addition to the head office, the credit union has 6 branches located in Metro Vancouver and Victoria. In 2011, the credit union made the national list of the Top 100 Best Workplaces in Canada.

Contacts:
Community Savings Credit Union
Doug Eveneshen, MBA, CGA
President & CEO
604 230-9502

Community Savings Credit Union
Kirsten Allen
Marketing Coordinator
778 387-3576

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