Envision Financial

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Envision Financial
Credit Union
Industry Financial services
Founded Delta Credit Union: 1946
First Heritage Savings: 1954
Merged as Envision Financial 2001
Valley First Credit Union (1947) and Envision merged as First West Credit Union (2010)
Headquarters Langley, British Columbia, Canada
Key people
David Lanphear, President
Revenue $206.6 million CAD (2014)
$32.0 million CAD (2014)
Total assets $9.8 billion CAD (Jan. 1, 2015)
Number of employees
1,759 (2015)
Website envisionfinancial.ca

Envision Financial, a division of First West Credit Union, is based in British Columbia, Canada. Founded in 1946, Envision Financial was established in 2001 through a merger between Lower Mainland-based Delta Credit Union, whose roots were in the fishing industry, and Fraser Valley-based First Heritage Savings Credit Union, which had historic ties to the farming and agriculture industries. First Heritage Savings Credit Union was the product of a merger between East Chilliwack Credit Union and Clearbrook District Mennonite Savings Credit Union in 1983.[1] It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

In 2008, Envision Financial entered into discussions with Penticton-based Valley First Credit Union to merge with one another and develop a new financial services organization for Western Canada. In September 2009, members at both credit unions voted in favour of the merger proposal, and on Jan. 1, 2010, Envision Financial and Valley First merged to become First West Credit Union. In 2013, Enderby & District Credit Union joined First West Credit Union, followed by Island Savings Credit Union in 2015.

Through First West, credit union members have access to 53 branches and 40 insurance offices throughout B.C. The credit union has nearly $10 billion in assets, more than 1,700 employees, and more than 240,000 members. First West is the third-largest credit union in B.C. and the fifth-largest in Canada.[2] Envision Financial, Valley First, Enderby & District Financial, and Island Savings continue operating as divisions of First West Credit Union, retaining their existing brand names in each respective market.

About Envision Financial[edit]

Envision Financial has a network of 20 branches and 16 insurance offices throughout B.C. in the communities of Abbotsford, Chilliwack, Coquitlam, Delta, Hope, Kitimat, Langley, Mission, Surrey and Maple Ridge. Its regional administration centre is located in Langley.

A number of First West subsidiary businesses operate under the Envision Financial name, including Envision Insurance Services and Envision Investment Services. Envision Financial has become known for its trademark Redfrog mortgage, which was introduced in 2005.[3]

For eight years running, Envision Financial was recognized as one of the 50 Best Employers in Canada by the Globe & Mail's Report on Business magazine, which publishes the annual 50 Best Employers in Canada survey conducted by Hewitt Associates.[4] In 2007, Envision Financial received the inaugural "Employer of Choice" WorkLife BC Award sponsored by the British Columbia provincial government's Ministry of Children and Family Development.[5] Envision Financial is also designated a Caring Company by Imagine Canada.[6]

External links[edit]

References[edit]

  1. ^ Envision Financial. "History." Web. 13 March 2011. https://www.envisionfinancial.ca/Personal/AboutUs/MediaCentre/History/.
  2. ^ Central of Canada -Largest Credit Unions - Results Q4 2008
  3. ^ Credit Union Central of British Columbia
  4. ^ Hewitt Associates' 50 Best Employers in Canada survey
  5. ^ Mary Polak, Member of the Legislative Assembly of British Columbia
  6. ^ Imagine Canada's Caring Companies List