Island Savings

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Island Savings
Credit Union
IndustryFinancial services
FoundedDuncan & District Credit Union: 1951
Key people
Randy Bertsch, President

Island Savings, a division of First West Credit Union, is 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 B.C.-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.

First West Credit Union's members have access to 53 branches and 38 insurance offices throughout B.C. The credit union has $10 billion in assets under management, more than 1,700 employees and approximately 247,000 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 15 branches and 11 insurance offices in 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.


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]


  1. ^ Central of Canada -Largest Credit Unions - Results Q4 2008
  2. ^ "Island Savings - About GIFT". Retrieved 2015-12-27.
  3. ^ [1] Archived September 19, 2014, at the Wayback Machine