Media Centre - Page 23 of 25 - First West Credit Union

DBRS confirms BBB (high) Long-term Issuer Rating to First West Credit Union

LANGLEY, B.C. – On Nov. 19, 2018, DBRS Limited (DBRS) has assigned a Long-Term Issuer Rating of BBB (high) with a stable trend to First West Credit Union. First West’s short-term ratings were confirmed by DBRS at R-1 (low) on Oct.…

First West Credit Union becomes first Canadian financial institution to offer SendGlobal™ to their members

LANGLEY, B.C. - First West Credit Union and FICANEX® are pleased to announce the roll-out of SendGlobal, an international money transfer mobile application that provides a convenient and secure way for customers to send money to family and friends around…

DBRS confirms R-1 (low) Short-term Rating to First West Credit Union

LANGLEY, B.C. - DBRS Limited (DBRS) has assigned a Short-Term Instruments Rating of R-1 (low) to First West Credit Union, noting the trend is stable. The ratings reflect First West’s position as the third-largest credit union in B.C. and the…

First West Credit Union celebrates $10 billion in assets

LANGLEY, B.C. – First West Credit Union is celebrating an important milestone with its members, employees and community partners after officially surpassing $10 billion in assets under management. Since its inception in 2010, First West has experienced sustained growth in…

First West breaks ground on new regional office building in Langley

LANGLEY, B.C. – First West Credit Union is furthering its commitment to the province, the economy and the community with a $100 million investment through the construction of a new regional office in Langley. Earlier this morning, First West Credit…

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.

Media Releases

DBRS confirms BBB (high) Long-term Issuer Rating to First West Credit Union

First West Credit Union becomes first Canadian financial institution to offer SendGlobal™ to their members

DBRS confirms R-1 (low) Short-term Rating to First West Credit Union

First West Credit Union celebrates $10 billion in assets

First West breaks ground on new regional office building in Langley

Company Snapshot

General information

Previous mergers

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