Type Credit Union Key people Launi Skinner, CEO Headquarters Langley City | Industry Financial services Number of employees 1,767 Founded 2010 | |
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Revenue $264.8 million CAD (2015) Net income $30.1 million CAD (2015) Total assets $10.9 billion CAD (2015) Subsidiaries First West Leasing Ltd., First West Insurance Services Ltd., Fw Wealth Management Ltd. Profiles | ||
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 close to 250,000 members and nearly $11 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. Island Savings joined First West on January 1, 2015. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.
First West has 54 branches and 38 insurance offices located throughout British Columbia's Lower Mainland, Fraser Valley, Kitimat, south interior, as well as on Vancouver Island and the southern Gulf Islands of Saltspring Island and Pender Island. Envision Financial, Valley First, Enderby & District Financial and Island Savings operate as divisions of First West, retaining their pre-merger brands. Envision Financial's president is David Lanphear, Paulette Rennie is president of the Valley First division and oversees Enderby & District Financial, and Randy Bertsch is president of Island Savings.
First West’s other businesses lines include First West Capital, Envision Investment Services, Valley First Investment Services, Envision Insurance Services, Valley First Insurance Services, First West Leasing and Island Savings Insurance Services.
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. For eight years, the Globe and Mail’s Report on Business Magazine has named Envision Financial one of the “50 Best Employers in Canada.” First West is also designated as a Caring Company by Imagine Canada.