First West Credit Union

First West Credit Union

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	Langley, British Columbia, Canada
Key people	Launi Skinner, CEO
Revenue	$264.8 million CAD (2015)
Net income	$30.1 million CAD (2015)
Total assets	$10.9 billion CAD (2015)
Number of employees	1,767 (2015)
Website	firstwestcu.ca

First West Credit Union is the third-largest credit union in British Columbia by asset size following Vancity and Coast Capital Savings. Led by Chief Executive Officer Launi Skinner and with close to 250,000 members and nearly $11 billion in assets under administration, First West was formed in January 2010 when Envision Financial in Langley amalgamated with Valley First Credit Union based in Penticton. First West Credit Union acquired Enderby & District Credit Union based in Enderby, BC, in 2013. Island Savings joined First West on January 1, 2015. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

First West has 54 branches and 38 insurance offices located throughout British Columbia's Lower Mainland, Fraser Valley, Kitimat, south interior, as well as on Vancouver Island and the southern Gulf Islands of Saltspring Island and Pender Island. Envision Financial, Valley First, Enderby & District Financial and Island Savings operate as divisions of First West, retaining their pre-merger brands. Envision Financial's president is David Lanphear, Paulette Rennie is president of the Valley First division and oversees Enderby & District Financial, and Randy Bertsch is president of Island Savings.

First West’s other businesses lines include First West Capital, Envision Investment Services, Valley First Investment Services, Envision Insurance Services, Valley First Insurance Services, First West Leasing and Island Savings Insurance Services.

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] First West is also designated as a Caring Company by Imagine Canada.^[3]

External links

References

Banks and credit unions in Canada

Banks

Big Five	Bank of Montreal Canadian Imperial Bank of Commerce (President's Choice Financial) Royal Bank of Canada Scotiabank (Tangerine) Toronto-Dominion Bank (TD Canada Trust)

Other banks	AMEX Bank of Canada Bridgewater Bank Business Development Bank of Canada Canadian Tire Financial Services Canadian Western Bank Citibank Canada Citizens Bank of Canada Equitable Bank Exchange Bank of Canada First Nations Bank of Canada HSBC Bank Canada ICICI Bank Canada Laurentian Bank of Canada Manulife Bank of Canada Meridian Bank National Bank of Canada Rogers Bank VersaBank Wealth One Bank of Canada

Credit unions

Credit unions	Affinity Credit Union Aldergrove Credit Union Alterna Savings Assiniboine Credit Union BlueShore Financial Central 1 Credit Union Coast Capital Savings Concentra Financial Conexus Credit Union Credit Union Central of Canada Desjardins Group Envision Financial First Calgary Financial First West Credit Union Gulf and Fraser Fishermen's Credit Union Island Savings Kawartha Credit Union Kootenay Savings Credit Union Libro Financial Group Meridian Credit Union Mouvement des caisses populaires acadiennes Servus Credit Union Steinbach Credit Union TCU Financial Group Vancity Windsor Family Credit Union Your Credit Union Your Neighbourhood Credit Union

Credit union deposit insurance	Alberta * British Columbia * Manitoba * New Brunswick * Newfoundland and Labrador * Nova Scotia * Ontario * Prince Edward Island * Saskatchewan

Other financial institutions

Federal financial institutions	Farm Credit Canada

Provincial financial institutions	ATB Financial

Companies based in the Metro Vancouver area

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