First West Credit Union Explained

First West Credit Union
Type:Credit Union
Foundation: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
Location City:Langley, British Columbia
Location Country:Canada
Key People:Launi Skinner, CEO
Industry:Financial services
Revenue:$335.4 million CAD (2021)
Net Income:$66.9 million CAD (2021)
Assets:$18.6 billion CAD (2023)
Num Employees:1,250 (2023)
Homepage:firstwestcu.ca

First West Credit Union (First West) is British Columbia’s third largest credit union with nearly $18.6 billion in total assets and assets under administration and more than 253,000 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 45 business locations under the following four divisions:

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 Mails 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]

External links

Notes and References

  1. http://www.feedthevalley.ca/ Feed the Valley website
  2. Web site: Hewitt Associates' 50 Best Employers in Canada survey . 2009-12-29 . https://web.archive.org/web/20090608224721/http://was2.hewitt.com/bestemployers/canada/pages/the_list_2009.htm . 2009-06-08 . dead .
  3. Web site: Island Savings - Island Savings Recognized as Top 50 Employer in Canada for Third Year in a Row. Savings. Island. www.islandsavings.ca. 2017-03-15.
  4. http://www.imaginecanada.ca/ Imagine Canada's Caring Companies List