Notice of Special Resolution and Special General Meeting

For nearly 80 years, our cooperative has thrived on a commitment to values-based banking built on a simple but powerful idea: neighbour helping neighbour. As we’ve grown, First West’s local brands—Envision Financial, Island Savings, Valley First, and Enderby & District Financial—have remained at the heart of your experience. That won’t change.

Today, I’m seeking your support to approve a proposed change to First West’s corporate name.

While we remain under provincial regulation, the name would be Tru Cooperative Credit Union. Upon transition to federal regulation in the future—subject to receiving all necessary consents from the British Columbia Financial Services Authority (BCFSA), the Office of the Superintendent of Financial Institutions (OSFI) and other relevant authorities—the name would be Tru Cooperative Bank.

Let me be clear: this is a name change only and it applies only to First West. There would be no change to member ownership, our purpose or our cooperative values. There would be no change to your local brand experience or the names of Envision Financial, Valley First, Island Savings or Enderby & District Financial.

Why make this change now?

Simply put: to strengthen and protect the cooperative we’ve built together—and the local brands you trust. A clearer, more distinctive corporate name helps us introduce cooperative banking to more people, supports our long-term ambition to keep growing sustainably and protects our brand so it continues to serve members for decades to come. Owning our new name reduces risk and ensures the identity we build belongs to the cooperative and its members.

We also know that many Canadians don’t fully understand what a credit union is, but they do understand banking—and they value cooperation. “Tru Cooperative” helps us say plainly who we are and how we serve: banking, the cooperative way, with local decision-making for the good of our members and an ongoing commitment to community investment, underpinned by our cooperative values and democratic governance.

Our Board has approved bringing this proposal to members. I respectfully ask you to vote “Yes—in favour” of the Special Resolution to approve both names—Tru Cooperative Credit Union (provincial) and Tru Cooperative Bank (federal)—so we can be consistent under either regulatory framework. You’ll find more detail, including the three key reasons for the change and where to review the proposed amendments within this Notice.

Thank you for your ongoing trust and for the many ways you strengthen this cooperative and your communities every day.

Launi Skinner, Chief Executive Officer

Read the full Notice of Special Resolution

Notice is hereby given of a Special Resolution and a Special General Meeting of the members of First West Credit Union (“First West” or the “Credit Union”). In accordance with the Credit Union Incorporation Act and the Credit Union’s Rules, this is your official notice of Special Resolution and Special General Meeting.

The Special Resolution relates to a proposed change to First West’s legal name. Members will have the opportunity to vote on the Special Resolution to:

1. Approve the proposed change to the legal name of the Credit Union;
2. Approve corresponding amendments to First West’s provincial Rules and Constitution and federal Bylaws; and
3. Authorize related matters necessary to give effect to the name change.

Learn more about the Notice of Special Resolution and Special General Meeting.

These proposed changes are intended to support the continued growth and evolution of the Credit Union, aligning its name and governance framework with its strategic direction. The changes will not alter First West’s cooperative status, member-owned structure or commitment to serving members and communities. Importantly, they will not affect the local brands members know and trust—those names will continue to serve members as they always have. The updates are designed to help build a more modern and well-understood identity that supports growth, attracts new members, and enhances service delivery.

Members will have the opportunity to vote on the Special Resolution during the online voting period, from 9:00 a.m. PT on January 12, 2026, until 5:00 p.m. PT on January 19, 2026.
Members unable to vote during the online voting period will have the opportunity to vote on the Special Resolution at the Special General Meeting which will be held in person at First West’s head office, located at #200 – 19933 88 Avenue, Langley, B.C., on January 21, 2026, at 1:00 p.m. PT. Online participation in the Special General Meeting will not be available and voting on the Special Resolution at the Special General Meeting will be limited to in-person attendees.

Online Voting Period for the Special Resolution
January 12, 2026, 9:00 am. PT – January 19, 2026, 5:00 p.m. PT

INDIVIDUAL MEMBERS
To be eligible to vote on the Special Resolution, you must be a member in good standing as of August 31, 2025. This means you must:
• Be 19 or older;
• Hold a minimum of five Class A Membership Equity Shares; and
• Not be more than 90 days delinquent in any obligation to the credit union.

Proxy voting is not permitted.

1 Go to firstwestvote.com or visit any of our regional websites’ home pages and click Vote Now.
2 Enter the requested information (last name, date of birth, postal code). Note that if your information has changed since October 31, 2025, input your previous information.
3 You will be forwarded to the voting page.
4 Follow the instructions to select, confirm and submit your vote.

BUSINESSES AND ORGANIZATIONS
Business members may vote on the Special Resolution by designating a non-member to vote on their behalf using the following method:
1 Go to firstwestvotebusiness.com.
2 Enter your business member number and postal code. Note that if your information has changed since October 31, 2025, input your previous information.
3 When prompted, follow the instructions.
4 An email with voting instructions will be sent to the designated non-member (pending verification of business membership status).