Media Releases

Caspian One Open Banking partners with First West, Prospera, Meridian, Affinity and Libro to deliver the credit union system open banking solution

First West, Prospera, Meridian, Affinity and Libro, five leading credit unions in Canada, have announced a strategic partnership with Canadian-based technology provider Caspian One. The collaboration marks a significant commitment by the credit unions to lead the charge in embracing leading financial technology and providing enhanced services to their members.

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: $18.6 billion
  • Members: More than 270,000
  • 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.