First West Credit Union Business Profile and Statistics

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First West Credit Union is a financial institution that offers a range of services to its members.

First West Credit Union is a member-owned financial co-operative that operates in British Columbia, Canada, with over 120 locations across the province.

The credit union was formed in 1958 through the merger of two smaller credit unions and has since grown significantly.

First West Credit Union has over 120 locations across British Columbia, serving a diverse membership base.

Curious to learn more? Check out: Insurance Corporation of British Columbia

About First West Credit Union

First West Credit Union is a Canadian credit union with a long history, established in 1958. It was formed through the merger of seven credit unions.

First West Credit Union has a strong presence in British Columbia, with over 40 locations across the province.

Curious to learn more? Check out: Bank of the West

Responsible Officer Name and Position

Launi Skinner is the CEO of First West Credit Union. She is the responsible officer who leads the organization.

First West Credit Union has a strong leadership under Launi Skinner's guidance.

Description of Activities

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First West Credit Union offers a wide range of services, including personal and business banking-type services, wealth management, and insurance. They also provide leasing services for automobiles and equipment, as well as subordinated debt and mezzanine financing.

Their services cater to both individuals and businesses, making them a one-stop-shop for financial needs. First West Credit Union is one of Canada's largest credit unions.

With over $10 billion in assets, First West Credit Union has a significant presence in the financial industry. This large asset base allows them to offer a variety of services to their nearly 250,000 members.

First West Credit Union's services are designed to meet the diverse financial needs of their members.

Financial Information

First West Credit Union is a financial institution with a significant presence in Canada. The First West Credit Union annual revenue was $226.5 million in 2025.

They offer a range of financial services to their members. Their annual revenue was $226.5 million in 2025.

Annual Revenue

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The annual revenue of First West Credit Union was $226.5 million in 2025, a significant figure that reflects the institution's financial health and stability.

First West Credit Union's annual revenue is substantial, demonstrating its strong market presence and customer base.

The $226.5 million annual revenue of First West Credit Union in 2025 is a testament to the institution's effective financial management and strategic planning.

SIC Code Definition

The SIC code is a crucial piece of information for businesses, and it's used to categorize them based on their primary activities. The SIC code for First West Credit Union is 61.

First West Credit Union has multiple SIC codes, which are 62, 623, and 61. This suggests that the credit union engages in various financial activities.

The SIC code is an important tool for businesses to identify their industry and competitors. By using the SIC code, businesses can access industry-specific data and trends.

First West Credit Union's SIC codes indicate that it operates in the financial sector, which includes banks, credit unions, and other financial institutions. This is not surprising, given that credit unions provide financial services to their members.

CEO Inquiry

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Launi Skinner is the CEO of First West Credit Union. She's a well-respected leader in the financial industry.

First West Credit Union is a credit union with a strong presence in British Columbia.

Questions

Questions often arise about financial information, and it's essential to clarify some of the key points. What is a credit score, and how does it impact loan applications? A credit score is a three-digit number that represents an individual's creditworthiness, based on their payment history and other factors.

You may be wondering how to check your credit score. In the article, we discussed the importance of monitoring your credit report, which can be obtained from the three major credit bureaus: Equifax, Experian, and TransUnion. This information can be used to determine your credit score.

What about budgeting? Creating a budget can seem daunting, but it's a crucial step in managing your finances. By tracking your income and expenses, you can identify areas where you can cut back and make adjustments to achieve your financial goals.

You might be thinking, "How do I pay off debt?" The article highlights the importance of paying more than the minimum payment on your debts, especially high-interest loans or credit cards. This can help you pay off the principal balance faster and save money on interest charges.

Frequently Asked Questions

Is your money at risk in a credit union?

No, your money is safe in a credit union, as it's insured by the NCUA, a US government agency that regulates and supervises credit unions

Is island savings the same as First West Credit Union?

Island Savings is a division of First West Credit Union, but they are not the same entity. Island Savings operates under its own brand, but is backed by the financial strength of First West Credit Union.

Angel Bruen

Copy Editor

Angel Bruen is a seasoned copy editor with a keen eye for detail and a passion for precision. Her expertise spans a variety of sectors, including finance and insurance, where she has honed her skills in crafting clear and concise content. Specializing in articles about Insurance Companies of Hong Kong and Financial Services Companies Established in 2013, Angel ensures that each piece she edits is not only accurate but also engaging for the reader.

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