post archives

 
Model
December 4, 2013

Credit unions now seeking regulator’s consent and member approval

Langley, B.C.— Following several months of due diligence, the boards of Island Savings and First West Credit Union have unanimously approved the business case that would see Island Savings join First West.

Through First West’s unique partnership model, Island Savings would retain its local brand, local leadership, local decision-making and Island-centred community focus.

...
 
Model
October 14, 2013

About the Enderby Letters
Over the weeks ahead, you’ll get a glimpse of the experiences of team members who are working to bring Enderby & District Financial into the First West family. Throughout the series, you’ll hear from a number of people in different roles as they reflect on the changes, emotions, and overall experience of embarking on a new journey and starting something new.

 

October 15, 2013 | Hitting the...

 
Model
September 11, 2013

The boards of Island Savings and First West Credit Union announced today they are undertaking exploratory discussions that would see Island Savings join First West Credit Union.

Through First West Credit Union’s one of a kind partnership model, Island Savings would retain its local brand, local leadership and Island community focus.

“I’m really pleased with the decision our board made to engage in discussions with First West,” says James McKenzie, board...

 
Model
April 24, 2013

The courageous leadership behind Enderby & District Financial’s decision to start something new

Mergers of any magnitude are never a snap. The decision to merge doesn’t come lightly for anyone involved. And, mergers can be particularly difficult and emotional if one side feels like they’re on an uneven playing field—whether those feelings are real or imagined.

Enderby & District Financial’s Ted Morrision knows firsthand...

 
Model
March 12, 2013

Thinking differently about partnerships secures wins for cooperatives

The helping hands. You know them, those ubiquitous appendages that, even if they’ve morphed or faded out of your logo, are somewhere in your credit union’s history. Those hands symbolize values that are the foundation of our noble beginnings: equality, trust, respect, to name a few. Embodied in those helping hands is the spirit of partnership, of neighbour helping neighbour.

Still...

 
Model
December 13, 2012

How First West's unique model enables the business to focus on the member. 

Risk Management. For most, it sounds about as exciting as watching paint dry. And you can bet you won’t ever find it trending on Twitter. Ever.

And because risk management is likely to become a hot topic only when something goes terribly wrong (sub-prime lending crisis, Occupy Wallstreet, anyone?), it sometimes has a stigma attached to it.

“When you talk risk...