Valley First

2013 News Releases

News Releases

Valley First steps up to support small businesses after announced account closures
December 12, 2013

Penticton, B.C. — Many local small business owners were caught off guard recently when HSBC advised it would be ending their banking relationship by closing selected small business accounts.

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Retirement dreams: Simple tips to help retirees maximize their savings
November 27, 2013

Penticton, B.C.—“Save early and save often” has long been the mantra of financial advisors everywhere. Despite this, only 26 per cent of Canadians recently surveyed believed they are saving enough to meet their future retirement needs.

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Valley First employees pledge $30,000 to local charities
November 25, 2013

Penticton, B.C.—Valley First employees have reinforced their passionate commitment to making a real difference in the communities they serve by pledging $30,000 to local charities and community organizations in 2014.

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Financial literacy key for young families as over one third fail financial literacy assessment
November 14, 2013

Penticton, B.C.—November marks Financial Literacy Month in Canada and this year’s theme—Financial Literacy across Generations—encourages Canadians of all ages to prepare for a brighter financial future. And, recent information shows more preparation is required.

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Valley First employees set to Make a Difference in their communities
September 18, 2013

Penticton, B.C.—Valley First employees are saying goodbye to their offices and hello to volunteering as they team with local non-profit agencies throughout the Okanagan, Similkameen and Thompson regions during their inaugural Valley First Make a Difference Days.

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Island Savings in Talks to Join First West
September 11, 2013

Duncan, B.C.—The boards of Island Savings and First West Credit Union announced today they are undertaking exploratory discussions that would see Island Savings join First West Credit Union.

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Valley First grant helps Gardengate program expand in Kamloops
September 10, 2013

Penticton, B.C.—The Open Door Group’s Gardengate program contributes up to 20,000 pounds of organic produce to the Kamloops community each year, providing fresh, healthy fruit and vegetables to low-income families and individuals.

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Valley First Grant Supports Nutrition Enhancement
September 5, 2013

Penticton, B.C.—The basic necessity of healthy food is often taken for granted, but what is easily accessible for some is out of reach for others. A $6,500 Valley First Community Endowment grant administered by the First West Foundation is helping the Penticton & District Community Resources Society (PDCRS) provide nutrition to some of the most vulnerable community members – low-income families and youth.

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Keeping Track of Your Dollars and Sense
August 22, 2013

Penticton, B.C.—Brianne Dingwall, a recent university graduate and member service representative at Valley First, shares a few simple tips to help students keep their expenses in check during the school year.

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Valley First to sponsor Challenge Penticton, Canada’s Athlete and
Volunteer Banquet Awards

August 21, 2013

Penticton, B.C.—With the inaugural Challenge Penticton event just days away, training for most athletes is tapering off ahead of the race—for event organizers, sponsors and volunteers, however, the action is heating up.

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Valley First’s Feed the Valley donation totals smash the $500,000 mark
August 19, 2013

Penticton, B.C.—Valley First today announced that donations to its signature cause, Feed the Valley, have passed half-a-million dollars—a milestone the Penticton, B.C. based financial institution didn’t expect to reach until 2015.

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Debt identified as biggest financial fear among young people
August 13, 2013

Penticton, B.C.—According to a recent U.S. survey, 54 per cent of people aged between 22 and 32 view debt as their biggest financial fear with paying off student loans topping the list of concerns.

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Have you taken a mental vacation from your financial planning?
August 6, 2013

Penticton, B.C.—Financial planning and household budget discussions are often left to RRSP season and tax time; usually revolving around how to find a few extra dollars to put toward your retirement or if you’ll see a tax refund or invoice.

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Third annual Valley First Granfondo draws biggest field, greatest benefits
August 1, 2013

Penticton, B.C. — In July, close to 2,700 cyclists descended on the South Okanagan to ride in the third annual Valley First Granfondo Axel Merckx Okanagan. The Granfondo has grown steadily over the last three years, with the latest edition attracting almost 800 more participants than the inaugural ride in 2011.

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Kelowna students win Valley First Feed the Valley education awards
July 16, 2013

Penticton, B.C.—Two Kelowna students recently moved closer to reaching their educational goals after each received $2,500 from the newly established Valley First Feed the Valley volunteer education award program.

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Persistence, local knowledge and partnerships help small business grow
July 11, 2013

Penticton, B.C—When Brian and Jane Casavant wanted to grow their business they were faced with the same challenge as most small business owners – finding the right financial partner.

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South Okanagan gears up for the 3rd annual Valley First Granfondo
June 24, 2013

Penticton, B.C.—Over recent weeks, the buzz of early morning training has filled the South Okanagan air as cyclists gear up for the third annual Valley First Granfondo Axel Merckx Okanagan (VFGFAMO).

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Simple tips to enjoy your summer vacation without breaking the bank
June 21, 2013

Penticton, B.C.—With summer vacation fast approaching, many families are making plans to get the most from their time off. However, vacations can turn out costly and far from the relaxing break people have in mind.

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Valley First Music in the Park: An evening of entertainment for the whole family
June 18, 2013

Penticton, B.C.—Armstrong’s Memorial Park will soon be alive with the sound of music as the Valley First Music in the Park concert series kicks-off on Friday, June 21.

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Valley First offering $1,000 Home Sweet Bonus™ to savvy savers
June 17, 2013

Penticton, B.C.—Valley First is making saving for a home a little bit sweeter with the introduction of the Home Sweet Bonus™ account, the simplest way to start saving for a home. With this innovative new product, members who save a minimum of $100 a month for three years and then take out a qualifying mortgage with Valley First will receive a $1,000 bonus*.

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Valley First hosts credit union leader from Ghana during international mentor exchange
June 6, 2013

Penticton, B.C.—This week, Valley First is hosting Martha Kwaw, branch manageress of Ghana’s Shama Community Co-operative Credit Union (SHACCU). Kwaw is visiting the Okanagan as part of the Canadian Co-operative Association’s (CCA) Women’s Mentorship Program.

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Financial literacy increasingly important as potential youth spending power grows
June 4, 2013

Penticton, B.C.—A recent report suggests the spending power of young people will grow steadily over their lifetimes, eventually outpacing the comparative spending power enjoyed by their parents.

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Feed the Valley Receives $10,000 Community Empowerment Grant
May 30, 2013

Penticton, B.C.—Valley First’s Feed the Valley program not only continues to support local food banks, it has also been recognized by Concentra Financial as one of Canada’s top credit union-driven community investment initiatives.

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Simple Advice to Make the Most of Your Home Renovations
May 28, 2013

Penticton, B.C.—According to recent figures one in four British Columbians plan on renovating their homes over the next twelve months. In the process they will spend about $19,000, significantly more than the $15,300 national average.

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Making business simple for small business owners in the Okanagan
May 1, 2013

Penticton, B.C.—Lack of time, resources and access to expertise are common challenges faced by all small business owners. However, the new provincial focus on eliminating these barriers is a positive move toward efficiency and sustainability say local business experts.

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Valley First Plane Pull returning to the tarmac May 10
April 25, 2013

Penticton, B.C.—The third annual Valley First Plane Pull is returning to the YLW tarmac on May 10. Following on last year’s success, Valley First and the United Way will be looking to top the $44,000 raised in 2012.

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Valley First brings not-for-profit governance training to the Okanagan
April 22, 2013

Kelowna, B.C.—Do you volunteer as a board member? Is someone you know on the board of a local theatre company, a youth soccer team or a farmer’s market? If so, you know how essential good governance is to building sustainable community organizations.

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Size doesn’t protect small business from fraud: Valley First Expert
April 18, 2013

Penticton, B.C.—When it comes to small business fraud, size doesn’t matter. There is no such thing as too small or too remote. Unfortunately, along with cost, feeling their company is too small to be attacked is one of the major reasons small businesses overlook anti-fraud measures. But the statistics now show that such attitudes need to change, and quick.

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Valley First Storage Warz returns to the North Okanagan
April 15, 2013

Penticton, B.C.—Inspired by the hit TV show and spurred on by last year’s success, Valley First’s Armstrong branch is bringing its own version of Storage Warz back to the North Okanagan for a second year.

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Using rental income to build your net worth and find financial freedom
April 11, 2013

Penticton, B.C.—Becoming mortgage free seems like an unattainable dream for many. According to a new poll, Canadian homeowners don’t believe they will be able to pay off their mortgage until they’re 57, two years more than when compared to results from a similar poll taken last year. B.C. residents are even less optimistic, anticipating they won’t be mortgage-free until they reach 59.

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Financial planning importance growing for “sandwich generation” savers
April 2, 2013

Penticton, B.C.—An emerging demographic group dubbed the sandwich generation—those simultaneously caring for children and elderly relatives—are facing increasing financial pressures as they juggle careers, family commitments and personal well-being.

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First-time new home buyers’ bonus removal to have little effect on market
March 26, 2013

With the April 1, 2013 expiry of the first-time new home buyers’ grant looming, the experts at Valley First see the removal of this incentive having little effect on the local housing market.

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Small businesses re-registering and readying for GST/PST return
March 15, 2013

With the transition back to GST and PST just around the corner, small businesses across B.C. are preparing for the re-introduction of the two-tax system.

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Doppelganger Alert: Simple tips to help you guard against identity theft
March 14, 2013

While there are no typical descriptors for a fraud victim—it can happen to anyone—there are certainly steps people can take to help protect themselves from fraud and identity theft.

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Feed the Valley celebrates 3rd anniversary, closes in on half million donation mark
March 13, 2013

Valley First employees, members and supporters reached deep into their pockets and pantries during 2012, helping to push Feed the Valley fundraising totals close to half a million dollars.

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Valley First RiverBend and Valley First Insurance celebrate grand openings
March 8, 2013

Valley First—one of the Interior’s oldest and most respected credit unions—marked the grand openings of its new RiverBend branch and recently rebranded Valley First Insurance office on Thursday, March 7.

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Digital face-lift: Valley First unveils new website designed to keep banking simple for its members
March 7, 2013

Launching today, the redesigned valleyfirst.com website boasts new and innovative features to help simplify the banking experience for Valley First members.

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Valley First Place in Rutland opens for business Monday, March 4
March 1, 2013

The credit union’s newest location, situated at the corner of Rutland Rd and Highway 33, adds to the continuing revitalization of the Rutland community and will give consumers greater choice of financial institutions and easier access to financial expertise.

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Valley First expert helps 30-somethings create their financial futures
February 21, 2013

For many people in their 20s, retirement seems too far off to be a realistic concern and terms like TFSA, OAS and CPP rarely register a blip on the radar.

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Valley First partners with Penticton Vees to raise nearly 3,300 pounds of food donations
February 18, 2013

Valley First and the Penticton Vees have once again partnered to make a real difference in the communities they serve and fight hunger in the Okanagan Valley.

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Working beyond retirement becoming new norm for many baby boomers
February 5, 2013

While the allure of summers in the sun and winters buried in a good book is still strong for some, the traditional image of retirement is being given a shake-up by those older workers who are remaining in the workforce.

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Valley First Insurance to celebrate grand re-opening at Village Green Mall
January 31, 2013

Valley First Insurance at Village Green Mall is celebrating its grand re-opening with an in-branch ribbon cutting ceremony at 2 p.m. on Wednesday, Feb. 6.

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