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First West Credit Union

 

First West Credit Union

First West Credit Union
Type Credit Union
Industry Financial services
Founded Delta Credit Union: 1946
First Heritage Savings: 1954
Merged as Envision Financial 2001
Envision Financial and Valley First Credit Union (1947) merged as First West Credit Union 2010
Headquarters Langley, British Columbia, Canada
Key people Launi Skinner, CEO
Revenue $297.78 million CAD (2013)
Net income $37.7 million CAD (2013)
Total assets $7.7 billion CAD (2013)
Employees 1,294 (2013)
Website firstwestcu.ca

First West Credit Union is the third-largest credit union in British Columbia by asset size following Vancity and Coast Capital Savings. Led by Chief Executive Officer Launi Skinner and with more than 177,000 members and $7.7 billion in assets under administration, First West was formed in January 2010 when Envision Financial in Langley amalgamated with Valley First Credit Union based in Penticton. First West Credit Union acquired Enderby & District Credit Union based in Enderby, BC, in 2013.

First West has 38 branches and 29 insurance offices located throughout British Columbia's Lower Mainland, Fraser Valley, Kitimat, south central interior. Envision Financial, Valley First and Enderby & District Financial operate as divisions of First West, retaining their pre-merger brands. Envision Financial's president is Shelley Besse, while Paulette Rennie is president of the Valley First division and oversees Enderby & District Financial.

First West’s other businesses lines include First West Capital, Envision Investment Services, Valley First Investment Services, Envision Insurance Services, Valley First Insurance Services, CU Dealerlink, and First West Leasing.

Other notable achievements

The founding credit unions that merged to form First West have both been recognized in previous years for significant achievements or contributions to their communities. Valley First is recognized for a longstanding tradition of supporting charities, organizations, and events, including, among others, Feed the Valley.[1] For eight years, the Globe and Mail’s Report on Business Magazine has named Envision Financial one of the “50 Best Employers in Canada.”[2] Envision Financial is also designated as a Caring Company by Imagine Canada.[3]

External links

  • First West Credit Union official site
  • Envision Financial official site
  • Valley First official site
  • Enderby & District Financial official site
  • First West Capital official site

References

  1. ^ Feed the Valley website
  2. ^ Hewitt Associates' 50 Best Employers in Canada survey
  3. ^ Imagine Canada's Caring Companies List
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