 | |
| Company type | Credit Union |
|---|---|
| Industry | Financial services |
| Founded | Delta Credit Union: 1946 First Heritage Savings: 1954 Merged as Envision Financial 2001 Envision Financial and Valley First Credit Union (1947) merged as First West Credit Union 2010 |
| Headquarters | , Canada |
Key people | Launi Skinner, CEO |
| Revenue | $335.4 million CAD (2021) |
| $66.9 million CAD (2021) | |
| Total assets | $16.9 billion CAD (2021) |
Number of employees | 1,275 (2021) |
| Website | firstwestcu.ca |
First West Credit Union (First West) is British Columbia’s third largest credit union with nearly $16.9 billion in total assets and assets under administration and more than 250,000 members. Its core business is traditional banking, the provision of personal and business daily banking services. First West has the largest geographic reach of any credit union in the province with 45 branches throughout B.C. The credit union is headquartered in the Vancouver suburb of Langley and has regional administration centres in Duncan on Vancouver Island and in Penticton in B.C.’s Southern Interior.
Led by Chief Executive Officer Launi Skinner, First West has several subsidiary lines of business that include FWCU Capital Corp. and FW Wealth Management Ltd.
First West operates 46 business locations under the following four divisions:
- Envision Financial: Lower Mainland, Fraser Valley, Kitimat.
- Valley First: Southern interior including the Okanagan and Kamloops.
- Island Savings on Vancouver Island and the southern Gulf Island of Saltspring Island.
- Enderby & District Financial: North Okanagan communities
First West also operates wealth management and junior capital lines of business.
Other notable achievements
The founding credit unions that merged to form First West have both been recognized in previous years for significant achievements or contributions to their communities. Valley First is recognized for a longstanding tradition of supporting charities, organizations, and events, including, among others, Feed the Valley. [1] For eight years, The Globe and Mail's Report on Business Magazine has named Envision Financial one of the "50 Best Employers in Canada." [2] Island Savings also consistently achieved recognition among Aon Hewitt's "50 Best Employers in Canada." [3] First West is also designated as a Caring Company by Imagine Canada. [4]
References
- ^ Feed the Valley website
- ^ "Hewitt Associates' 50 Best Employers in Canada survey". Archived from the original on 2009-06-08. Retrieved 2009-12-29.
- ^ Savings, Island. "Island Savings - Island Savings Recognized as Top 50 Employer in Canada for Third Year in a Row". www.islandsavings.ca. Retrieved 2017-03-15.
- ^ Imagine Canada's Caring Companies List