Media Centre - Page 20 of 20 - First West Credit Union

First West Credit Union reports banner year for deposit and loan growth in 2016

LANGLEY, B.C. – Underpinned by its commitment to exceptional member service, First West Credit Union has reported exceptional deposit growth as part of its 2016 financial highlights. The Langley-based financial co-operative grew deposits by $830 million last year. This helped drive a profit before tax of $35.2 million and was…

DBRS Assigns R-1 (low) Short-term Rating to First West Credit Union

LANGLEY, B.C. – Underpinned by its commitment to exceptional member service, First West Credit Union has reported exceptional deposit growth as part of its 2016 financial highlights. The Langley-based financial co-operative grew deposits by $830 million last year. This helped drive a profit before tax of $35.2 million and was…

First West Credit Union becomes first in B.C. to offer new Mobile Pay technology for Android smartphones

LANGLEY, B.C. – Underpinned by its commitment to exceptional member service, First West Credit Union has reported exceptional deposit growth as part of its 2016 financial highlights. The Langley-based financial co-operative grew deposits by $830 million last year. This helped drive a profit before tax of $35.2 million and was…

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.