Media Centre - Page 26 of 28 - Tru Cooperative Bank

Growth and stability the key themes for First West Credit Union in 2018

LANGLEY, B.C. - First West Credit Union has revealed its financial highlights for 2018, showing strong financial performance driven by an after-tax profit of $57.9 million— an increase of 37.3 per cent. These results demonstrate First West’s commitment to keeping…

First West Credit Union leaders recognized as two of B.C.’s Most Influential Women in Finance in 2019

LANGLEY, B.C. - Two First West Credit Union female leaders were recognized on BCBusiness’ fifth annual B.C.’s Most Influential Women list, which honoured dozens of women making a difference in the finance industry. Launi Skinner, CEO of First West Credit…

DBRS confirms BBB (high) Long-term Issuer Rating to First West Credit Union

LANGLEY, B.C. – On Nov. 19, 2018, DBRS Limited (DBRS) has assigned a Long-Term Issuer Rating of BBB (high) with a stable trend to First West Credit Union. First West’s short-term ratings were confirmed by DBRS at R-1 (low) on Oct.…

First West Credit Union becomes first Canadian financial institution to offer SendGlobal™ to their members

LANGLEY, B.C. - First West Credit Union and FICANEX® are pleased to announce the roll-out of SendGlobal, an international money transfer mobile application that provides a convenient and secure way for customers to send money to family and friends around…

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

LANGLEY, B.C. - DBRS Limited (DBRS) has assigned a Short-Term Instruments Rating of R-1 (low) to First West Credit Union, noting the trend is stable. The ratings reflect First West’s position as the third-largest credit union in B.C. and the…

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: $19.6 billion
Members: More than 280,000
Employees: Approximately 1,250
Head office: Langley, B.C.
Branches: 45

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.

Media Releases

Growth and stability the key themes for First West Credit Union in 2018

First West Credit Union leaders recognized as two of B.C.’s Most Influential Women in Finance in 2019

DBRS confirms BBB (high) Long-term Issuer Rating to First West Credit Union

First West Credit Union becomes first Canadian financial institution to offer SendGlobal™ to their members

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

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General information

Previous mergers

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