Island Savings

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Island Savings
Credit Union
Industry Financial services
Founded Duncan & District Credit Union: 1951
Headquarters Duncan, British Columbia, Canada
Key people
Randy Bertsch, President
Website islandsavings.ca

Island Savings, a division of First West Credit Union, is a member-owned financial institution based in British Columbia, Canada. Since 1951, Island Savings has served communities on Vancouver Island and Gulf Islands.

In 2013, Island Savings entered into discussions with BC-based First West Credit Union. In November 2014, members Island Savings voted in favour of the merger proposal, and on Jan. 1, 2015, Island Savings joined First West's network. The First West brand network also includes Envision Financial, Valley First and Enderby & District Financial.

Through First West, credit union members have access to 54 branches and 42 insurance offices throughout B.C. The credit union has more than $10 billion in assets under administration, 1,700 employees, and nearly 240,000 members. First West is the third-largest credit union in B.C. and the fifth-largest in Canada.[1]

About Island Savings[edit]

Island Savings has 16 branches 13 insurance offices throughout B.C. in the communities of Duncan, Chemainus, Brentwood, Ladysmith, Lake Cowichan, Mill Bay, Nanaimo, Pender Island, Saltspring Island, and Victoria. Its administration centre is located in Duncan.

Island Savings Insurance Services was opened in 1983, and offers insurance coverage to both credit union and non-credit union members.

Community investment[edit]

Island Savings is dedicated to making a difference in the lives of local families. The Growing Island Families Together (GIFT) program provides leadership, sponsorship, financial, and in-kind support to community groups.[2] Each Island Savings branch accepts GIFT applications [3] from local groups and organizations with initiatives that help to improve families’ quality of life and build strong communities.

In 2014, Island Savings established a $2 million Island Savings community endowment through the First West Foundation.

Island Savings has partnered with such organizations as the BC Cancer Foundation’s Inspire the World Campaign, Big Brothers Big Sisters of Greater Victoria, Pacific Institute for Sport Excellence, Success by Six, and the Victoria Foundation.

Membership[edit]

Island Savings is a division of First West Credit Union which is a member of Central 1 Credit Union and is registered with the Credit Union Deposit Insurance Corporation of BC.

External links[edit]

References[edit]

  1. ^ Central of Canada -Largest Credit Unions - Results Q4 2008
  2. ^ [1]
  3. ^ [2]