post archives

October 28, 2016

Everyone knows the expression “good people are hard to find,” but if you’ve ever run a business or managed people, you know good people are even harder to keep. When you have ambitious talent eager to take on more responsibility, a smaller organization may simply not be able to compete with a larger one in terms of the opportunities it can provide.

This comes with a cost. Research shows that companies, on average, spend 18 months’ salary to replace a manager or...

August 2, 2016

Pictured above: Island Savings president Randy Bertsch (midde) with First West Credit Union board chair Shawn Neumann (left) and First West CEO Launi Skinner.

Joining First West sees Island Savings buck the troubling trend of flatlining membership

Of the challenges currently facing Canadian credit unions—including persistent low interest rates, intense competition and tighter regulatory requirements—there is perhaps none so unsettling as...

October 13, 2015

Following a recently conducted process to downsize from 15 to 12 directors, First West Credit Union director Michael Brydon has chosen to leave the board effective October 7, 2015 and directors Terry Enns and Stewart Ladyman will complete their service to the board at the conclusion of the credit union’s 2016 annual general meeting.

The board grew to 15 directors on January 1, 2015 when three former Island Savings Credit Union directors were appointed to the First West board as...

November 14, 2014

Duncan, B.C. and Langley B.C. (Nov. 14, 2014) — After six weeks of information-sharing, public meetings and thoughtful conversation, Island Savings members have approved by majority a special resolution that will see the organization join First West Credit Union on January 1, 2015.

“This ‘yes’ from our members is really a vote for the continued success of Island Savings and for the cooperative roots that our credit union was founded on more than 60 years ago,...

September 18, 2014

Strong majority of Island Savings employees indicate in recent employee engagement survey that senior leaders at Island Savings are positioning the credit union for long-term success

Island Savings and First West Credit Union today announced they are moving forward with next steps in their proposed merger.

As a democratically-led cooperative, Island Savings members must vote on special resolutions before the organizations can legally come together at year-end...

April 1, 2014

On April 1, 2014, Enderby & District Financial (Enderby Financial) celebrated its one anniversary as part of First West Credit Union, one of the province’s leading financial cooperatives.

Over the past 12 months, Enderby Financial members and the Enderby region have seen numerous times the benefits of the First West model, which preserves its regional brands’ names, local leadership and community connections while providing the support and strength offered by being...