First West Credit Union

First West ranks among top 3% of Morningstar Sustainalytics’ global rated companies in managing ESG risks

Retrieved on: 
Tuesday, August 1, 2023
Risk, First West Credit Union, Research, Social Security Government Pension Offset, First, Morning Star, Social justice, United Nations Principles of Medical Ethics, Sustainalytics, UN, Growth, ESG, Social, Renewable energy, Risk management

This score firmly places First West in the “Low Risk” category of experiencing material financial impacts from ESG factors.

Key Points: 
  • This score firmly places First West in the “Low Risk” category of experiencing material financial impacts from ESG factors.
  • The 2023 rating of 11.3 improves the credit union’s previous rating by 32% (lowering their score from 16.7) compared to 2022.
  • Morningstar Sustainalytics is a global leader in ESG research and ratings, providing high-quality independent environmental, social and governance research, ratings and data to institutional investors and companies.
  • Morningstar Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguishes between five levels of risk: negligible, low, medium, high and severe.

Fintechs and credit unions launch new offerings from Central 1’s innovation platform

Retrieved on: 
Monday, June 12, 2023
Envision Financial, Partnership, First West Credit Union, Global Industry Classification Standard, DUCA, Credit union, Ecosystem, Credit, Enderby, Bank, Cryptocurrency, Forge

VANCOUVER, British Columbia, June 12, 2023 (GLOBE NEWSWIRE) -- Central 1 today announced the latest deployments from its innovation hub, Forge Community.

Key Points: 
  • VANCOUVER, British Columbia, June 12, 2023 (GLOBE NEWSWIRE) -- Central 1 today announced the latest deployments from its innovation hub, Forge Community.
  • DUCA , a credit union participant that joined the collaborative platform last year, launched a new profit-share rewards program for their more than 92,000 members.
  • Credit union First West , in partnership with fintech thirdstream , collaborated to release a faster, more streamlined account origination experience.
  • “We welcomed several new fintechs and credit unions to Forge Community this year and it’s exciting to see the ecosystem thriving with innovation,” said Erick Wong, Central 1’s Chief Product Officer.

Central 1 Announces Results of 2023 Director Election Process

Retrieved on: 
Thursday, February 23, 2023
Family, First West Credit Union, Chairperson, AGM, Election Committee (Hong Kong), Credit union

Four seats were available in this year’s election, two in Central 1’s British Columbia region and two in Ontario region.

Key Points: 
  • Four seats were available in this year’s election, two in Central 1’s British Columbia region and two in Ontario region.
  • While directors elected by Class A members are nominated in, and elected from, either the ON or BC regions, all directors serve Central 1 as a whole.
  • We thank him for his leadership and all his hours with Central over the years,” said Sheila Vokey, President and CEO.
  • Central 1’s Nominations and Elections Committee completed their mandate to ensure candidates have the skills, experience and competencies needed to oversee Central 1.

First West Credit Union Expands Relationship with Fiserv to Bring Clover to More Small Businesses Across British Columbia

Retrieved on: 
Wednesday, November 16, 2022
Technology, Mobile, Wireless, Payments, Finance, Banking, Professional Services, Software, Networks, Data Management, Sale, Enderby, FISV, First West Credit Union, Partnership, Valley First, Envision, Envision Financial, Social media, FORTUNE, USD, Island Savings, S&P, Tilling, POS, Bank, Legume, Clover, Fiserv

Clover is a market-leading point-of-sale (POS) platform processing more than USD $230 billion in annualized payment volume globally.

Key Points: 
  • Clover is a market-leading point-of-sale (POS) platform processing more than USD $230 billion in annualized payment volume globally.
  • With 46 branches and more than 250,000 members, FWCU brands include Envision Financial, Valley First, Island Savings and Enderby & District Financial.
  • Envision Financial began offering Clover in 2019; the expanded relationship with Fiserv will make Clover available to Valley First, Island Savings and Enderby & District members for the first time.
  • Our expanded relationship with FWCU will allow more businesses in British Columbia to manage their operations efficiently, while creating better experiences for their customers.

First West Credit Union signs the UN Principles for Responsible Banking

Retrieved on: 
Thursday, September 1, 2022
Partnership, Signature, Goal, CEO, Enderby, UNEP, Principle, Heart, United Nations, Charter of the United Nations, UN, First West Credit Union, Environment, GLOBE, Valley First, Island Savings, Responsibility, United Nations Environment Programme Finance Initiative, Envision Financial, UNEP FI, Industry, Renewable energy, Management, Bank

First West is the third credit union in Canada to sign the UN PBR.

Key Points: 
  • First West is the third credit union in Canada to sign the UN PBR.
  • For more information on the Principles for Responsible Banking: www.unepfi.org/responsiblebanking
    First West Credit Union offers members the financial strength, comprehensive product selection and extended branch network of a large financial institution while maintaining local brand identities and a unique grassroots approach to service.
  • Led by Launi Skinner, First West is British Columbias third-largest credit union with nearly $16.9 billion in total assets and assets under administration, more than 250,000 members and approximately 1,250 employees.
  • Visit www.firstwestcu.ca for more information on First West Credit Union.

CPABC honours nine Vancouver CPAs with fellowship designation

Retrieved on: 
Monday, February 14, 2022
ACT, Trauma, NPO, Canadian Institute of Mining, Metallurgy and Petroleum, Audit committee, Ecosystem, CEO, PCI, Office of the Public Guardian, Public policy, FCA, Down syndrome, CFO, HSBC Bank Canada, Mentorship, National Investigations Committee On Aerial Phenomena, Central, UBC Sauder School of Business, Commerce, CPAS, Company, FCPA, TELUS, Estate, Delta Hospital, Student, First West Credit Union, Motivation, Chartered Professional Accountant, Jim Pattison, Chartered, Jim Pattison Group, KPMG, Finance, Research, CPA, COVID-19, GLOBE, Loughlin, MAG, Metallurgy, Management, Tax advisor, Petroleum, Walia, Child

VANCOUVER, British Columbia, Feb. 14, 2022 (GLOBE NEWSWIRE) -- The Chartered Professional Accountants of British Columbia (CPABC) is pleased to honour nine Vancouver-based chartered professional accountants with a fellowship designation (FCPA) for their for their outstanding professional achievements and contributions to their community.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 14, 2022 (GLOBE NEWSWIRE) -- The Chartered Professional Accountants of British Columbia (CPABC) is pleased to honour nine Vancouver-based chartered professional accountants with a fellowship designation (FCPA) for their for their outstanding professional achievements and contributions to their community.
  • Challinor has also served as a CPABC board director, the chair of the organizations Audit Committee, and is currently a member of its Investigation Committee.
  • Carol Chiang, FCPA, FCA is KPMGs audit partner and leader of the firms not-for-profit practice in Greater Vancouver.
  • We are pleased to honour these nine Vancouver-based CPAs with a fellowship designation.

Interac and many of Canada's leading financial institutions enhance Interac e-Transfer to introduce instant digital payments for businesses

Retrieved on: 
Wednesday, August 4, 2021
Financial services, Money, Finance, Payment systems, Banking in Canada, Interbank networks, Interac e-Transfer, Interac, Cheque, Link Interac Inc.

The solution enables real-time digital payments to personal and commercial bank accounts with confirmation of funds received within seconds.

Key Points: 
  • The solution enables real-time digital payments to personal and commercial bank accounts with confirmation of funds received within seconds.
  • Within this period, 83 per cent of finance professionals surveyed say applying digital transformation to their function is a priority.
  • "Interace-Transfer for Business is poised to do for business payments what Interac e-Transfer did for the personal cheque," said Todd Roberts, Canadian Payments Leader at DeloitteCanada.
  • Interac commissioned Phase 5 Consulting to conduct an online survey of 152 financial decision-makers in Canadian mid-sized businesses with 100-499 employees.

TruStone Financial Credit Union and Firefly Credit Union Merger Approved

Retrieved on: 
Tuesday, December 29, 2020
Community building, Cooperative banking, Credit union, Social economy, First West Credit Union, Articles, Envision Financial, DFCU Financial

PLYMOUTH, Minn., Dec. 29, 2020 (GLOBE NEWSWIRE) -- Members of Firefly Credit Union have cast their votes in approval of a merger with TruStone Financial Credit Union.

Key Points: 
  • PLYMOUTH, Minn., Dec. 29, 2020 (GLOBE NEWSWIRE) -- Members of Firefly Credit Union have cast their votes in approval of a merger with TruStone Financial Credit Union.
  • TruStone Financial Credit Union is now the second-largest financial cooperative in Minnesota, and among the top 100 in the nation.
  • The merger is one of the largest of its kind in the credit union industry, and was recently hailed by GonzoBanker.com as 2020s Credit Union Merger of the Year.
  • TruStone Financial is a full-service credit union that has worked to improve the financial well-being of its neighbors for more than 80 years.

Central 1 Launches Full Suite of Digital Products Transforming Digital Offering

Retrieved on: 
Thursday, August 1, 2019
Economy, Financial services, Finance, Envision Financial, Banking, First West Credit Union, Valley First, Digital banking, Bank, Island Savings

Forge is fully adapted to the needs of financial institutions of all sizes, enabling them to remain at the forefront of ever-evolving digital banking experiences and expectations.

Key Points: 
  • Forge is fully adapted to the needs of financial institutions of all sizes, enabling them to remain at the forefront of ever-evolving digital banking experiences and expectations.
  • Today, BC-based First West Credit Union and its Envision Financial division have begun their release of all three retail channels.
  • Central 1 is a preferred partner for financial, digital banking and payment products and services fueling the success of businesses across Canada.
  • It operates 50 branches throughout the province under the Envision Financial, Valley First, Enderby & District Financial and Island Savings brands.