The B.C. Financial Services Authority (BCFSA) and the Credit Union Deposit Insurance Corporation of B.C. (CUDIC) have consented to First West Credit Union applying to become a federal credit union. Read the BCFSA and CUDIC decision (.pdf document). Find out more about what it means to be a federal credit union including benefits, risks and the proposed bylaws at keepgrowing.ca. For full details about the changes in deposit insurance, see the Notice Pursuant to the Disclosure on Continuance Regulations.
