Media Centre - First West Credit Union

DBRS Morningstar confirms rating on First West Credit Union at BBB (high), Stable trend

LANGLEY, B.C. – DBRS Limited (DBRS Morningstar) has confirmed a Long-Term Issuer Rating of BBB (high) and both a Short-Term Issuer Rating and a Short-Term Instruments Rating of R-1 (low) for First West Credit Union, noting that the trend on…

First West Credit Union successfully closes $150 million, 2-year senior deposit notes offering

LANGLEY, B.C. – On November 29, 2022, First West Credit Union (“First West”) closed its offering (the “Offering”) of $150 million aggregate principal amount of senior deposit notes due on November 29, 2024 (the “Notes”). The Notes are unsecured and…

First West Credit Union selects HSO and Microsoft Dynamics 365 to deliver operational excellence and create remarkable experiences for members

British Columbia’s third-largest credit union set to unlock member value and accelerate growth by migrating to a comprehensive customer relationship management platform LANGLEY, B.C. – HSO, a leading global business transformation partner, recently announced that one of the largest…

First West Credit Union Expands Relationship with Fiserv to Bring Clover to More Small Businesses Across British Columbia

LANGLEY, B.C. — Today, First West Credit Union (FWCU), a British Columbia-based credit union with $16.9 billion in total assets and assets under administration, and Fiserv, a leading global provider of payments and financial services technology solutions, announced an expanded…

First West Credit Union Commits to Innovation in Indigenous Employment

LANGLEY, B.C.- First West Credit Union is committed to helping build a new generation of employment and workplace strategies for current and future Indigenous employees through its signing of the Charter for Innovation in Indigenous Employment and Workplace Inclusion Strategies in…

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Company Snapshot

General information

Formation: Jan.1, 2010 with earliest predecessor credit union established 1946
Comparative size: Third largest credit union in B.C.; fifth largest in Canada
Total assets and assets under management: $16.9 billion
Members: More than 250,000
Employees: Approximately 1,250
Head office: Langley, B.C.
Branches: 46

Previous mergers

Island Savings merged with First West in 2015
Enderby & District Credit Union merged with First West in 2013
Envision Credit Union and Valley First Credit Union merged in 2010, forming First West
Delta Credit Union and First Heritage Savings merged in 2001 to form Envision Credit Union
Valley First amalgamated with Armstrong Spallumcheen Savings & Credit Union and purchased KCP Credit Union in Kamloops in 2001.

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