Tom Webster

Chief Financial Officer

Tom Webster has been First West Credit Union’s chief financial officer (CFO) since the credit union was formed through the mergers of Envision Credit Union and Valley First Credit Union in 2010.

Tom joined the credit union system in 1992 as controller for Delta Credit Union. He served as vice-president, finance, for nearly 10 years before a being appointed CFO in 2004 for what had by that time become Envision Credit Union. In his role as CFO Tom has overseen the financial growth of the credit union from less than $1 billion in assets to close to $10 billion in assets. He has also overseen the expansion of credit union operations across Canada through credit union-owned subsidiaries, First West Capital and First West Leasing.

In addition to his financial expertise, Tom also has an extensive background in risk management. In the past, he was part of a credit union taskforce that worked with Stabilization Central to develop the enterprise risk management framework (ERM) for the B.C. credit union system. With this experience, in 2016, Tom was appointed chief risk officer for First West. In this new role he is responsible for the management risk oversight at the credit union.

Tom graduated from the University of Victoria with a Bachelor of Arts in Economics and has been a chartered accountant since 1987. He articled with the Auditor General of British Columbia and received his CA designation while working for Pannell Kerr MacGillivray.

In addition to his duties at First West, Tom has taken on responsibilities in professional organizations and the community. He is past-president of the Board of Financial Executives International (FEI)—Vancouver chapter and FEI’s national board. FEI is an association of senior financial officers representing 8,000 of North America's leading corporations. Tom recently completed the Director Educational Program (DEP) offered through the Institute of Corporate Directors and Rotman School of Business.

Featured Posts

April 8, 2019

First West Credit Union achieved substantial growth in 2018, led by its highest-ever profit at $57.9 million. Our strong financial performance reflects each and every employee's commitment to keeping members at the centre of everything we do, to create real value through innovative and relevant financial products and remarkable advice and service.

Read more of our member, financial, business, community and employee highlights in our ...

April 7, 2016

For a second consecutive year, we achieved financial results that were comparable to last year’s despite the challenging economic environment. The steadfast focus, passion and engagement of the First West team, coupled with the strong performance from our subsidiaries, impacted our overall financial performance. We also exceeded our target for membership growth—one of our most important success factors for the long-term health of our credit union, bringing our net new members...