Valley First

Valley First Fact Sheet

Valley First, a division of First West Credit Union, has a rich history. From humble beginnings more than 65 years ago, Valley First has grown into a strong, innovative and vibrant organization with a branch network spanning the Okanagan, Similkameen and Thompson valleys.

 

General information

  • Established: 1947
  • Regional administration centre: Penticton, B.C.
  • Branches: 16 branches and 11 insurance offices 
  • History: Named the Penticton and District Credit Union in 1947 with a total of 51 members. Established the site of the present day Regional Office at 184 Main Street in Penticton in 1959. Amalgamated with the Keremeos Credit Union in 1970 and purchased the Yale District Credit Union in Princeton in 1982. Continued growth during the 1990’s opening new branches in Kelowna, Penticton and Vernon and entering the insurance business after purchasing Capri Insurance and the Baron Insurance Group in 1994. Turned 50 years-old in 1997 with 26,000 members. Amalgamated with the Armstrong Spallumcheen Savings and Credit Union and purchased the KCP Credit Union in Kamloops in 2001. Merged with Langley-based Envision Financial on Jan. 1, 2010 to form First West Credit Union. Enderby & District Credit Union joined First West in 2013 and Island Savings in 2015.

Leadership

  • CEO: Launi Skinner
  • Valley First President: Paulette Rennie

First West Credit Union information

  • Size: Third-largest credit union in B.C.
  • Assets under administration: $10 billion
  • Retail branches: 54
  • Insurance offices: 40
  • Members: More than 240,000
  • Employees: Approximately 1,700

Distinctions

  • Recipient of the Central 1 InNOVAtion Award for Feed the Valley—the first award ever presented for a community investment program.

Community Investment

  • In 2014 Valley First invested almost $860,000 in the communities we serve. This includes partnerships and sponsorships supporting nonprofit and charitable organizations, education, arts and culture events, donations to our local food banks, and other community activities and projects.
  • In 2015 the First West Foundation granted over $113,000 from the Valley First Community Endowment to local charities and initiatives providing for families, children and youth at risk of hunger.
  • Launched in March 2010, Valley First’s signature cause Feed the Valley has raised almost $950,000 and collected over 64,000 pounds of food for food banks in the Okanagan, Similkameen and Thompson valleys.

View our branch and insurance office locations