Coast Capital Savings, Canada’s largest credit union by membership, is donating a total of $75,000 to food banks across the province.
The South Delta Food Bank is receiving $1,000 to help families and young people in Delta.
“Coast Capital is committed to giving back to the communities where we live and work. We work to build a richer future for youth in our communities and we know that at least one third of those who access food banks in Canada are children and youth,” said Maureen Young, director, community leadership at Coast Capital Savings.
Laura Lansink, executive director of Food Banks BC, said support from corporate donors like Coast Capital is vital to the successful operation of food banks, and donations of funds are able to go even further than food, thanks to the buying power that food banks have.
“Thanks to relationships with grocers and farmers, food banks across B.C. are able to maximize donations to make a significant impact on hunger,” said Lansink. “This means that Coast Capital’s donation translates into 225,000 healthy, nutritious meals.”
Coast Capital Savings is one of Canada’s most significant corporate community investors with seven percent of its budgeted pre-tax profits invested into its communities annually. This year alone, that totals almost $6 million and more than $71 million since 2000.