Media Centre - First West Credit Union

First West Credit Union closed a $150 million senior deposit note offering with a final order book of $615 million

LANGLEY, B.C. - First West Credit Union (“First West”) a leading Canadian financial co-operative, announced that it closed its offering (the “Offering”) of $150 million aggregate principal amount of fixed rate senior deposit notes due on March 24, 2027 (the…

Equity deserving charities given $189,294 boost

LANGLEY, B.C.- First West Foundation is thrilled to announce that 15 charities recently received SOAR grants, sharing in a total of $189,294. Created in 2022, SOAR is a First West Foundation funding stream dedicated to supporting equity-deserving organizations serving racialized…

First West recognized for its commitment to mental health

LANGLEY, B.C.- First West Credit Union is proud to announce that it has been recognized with a Canadian Workplace Well-Being Award, presented by the Canadian Positive Psychology Association (CPPA) and Workplace Strategies for Mental Health with Mary Ann Baynton. This…

VeriPark Partners with leading Canadian financial institutions coalition to redefine digital banking

VeriPark, a global leader in omnichannel customer experience solutions for the financial services industry, has announced a strategic partnership with a coalition of leading Canadian credit unions and financial institutions. This coalition, including First West Credit Union, Prospera Credit Union,…

First West addresses housing crisis through $250,000 community bond investment into sustainable co-operative housing development

LANGLEY, B.C. – First West Credit Union has announced a significant investment of $250,000 into Propolis Cooperative Housing Society (Propolis)—a new non-profit housing co-operative organization with a mandate to develop affordable, sustainable, net-zero multifamily buildings in Kamloops, BC over the…

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Company Snapshot

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.

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