October 2, 2025 – The CEO Selection Committee for Prospera, Coast Capital and Sunshine Coast credit unions are
pleased to share that Gavin Toy has been selected as President & CEO of the future combined federal credit union. This marks a key milestone in bringing together our three credit unions, strengthening our ability to make a positive and lasting difference for our members, employees and the communities we serve. Learn more about Gavin
As the three credit unions seek the required regulatory approvals to complete the merger, each organization will continue to operate independently for the time being. Gavin Toy, Calvin MacInnis and Shelley McDade will remain as CEOs of Prospera, Coast Capital and Sunshine Coast, respectively. Once the necessary approvals are received, the combined federal credit union is expected to be established in 2026, with Gavin stepping into the role of President & CEO upon appointment by the amalgamated credit union’s Board.
Stay connected to the most up-to-date information about the merger by watching this page. We’ll update the information here throughout the process, so be sure to check back frequently. Rest assured, members can continue banking as they normally would.
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About Prospera Credit Union
Local banking means investing in Local Good. Built on 80 years of service in local communities, Prospera Credit Union is a community-based, purpose-driven organization that offers a full range of financial products and services. Prospera is one of the largest credit unions in British Columbia, with approximately $9.3 billion in assets under administration and 115,000 members. With 24 branches, Prospera is proud to serve communities throughout the Lower Mainland, Fraser Valley and Okanagan. Prospera has consistently been designated a Great Place to Work, including as one of the “Best Workplaces in BC” and “Best Workplaces in Canada.” It’s our purpose to build the financial prosperity of our members, enabling thriving local enterprises, financially empowered people and vibrant, healthy communities.
About Coast Capital
At Coast Capital, we’re not dreaming about a better future, we’re building one. We’re a member-owned financial cooperative with a more than 80-year legacy of unlocking financial opportunities that positively impact people and communities. We believe that every Canadian deserves a financial partner who actually 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 nearly 600,000 members, our employees, and communities. We’re proud to be a Certified B Corporation™ and part of a global movement building a more inclusive, equitable and regenerative economic system. 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 and one of Canada’s Most Admired Corporate Cultures.
About Sunshine Coast Credit Union
For more than 80 years, Sunshine Coast Credit Union has enriched lives and community where our members live and work. With approximately $1.2 billion in assets under administration, we are a cooperative financial institution delivering personalized financial wellness to close to 17,000 members through three branches, a digital platform and full-service member service centre. Purpose-driven, investing in one another to build a healthy community is how we began, a legacy that continues today.