Valley First

2014 News Releases

News Releases

Simple planning could help Canadians avoid Blue Monday
December 12, 2014

Penticton, B.C.—The Monday in the last full week of January has been dubbed “Blue Monday” and singled out as a source of melancholy and stress due to the combination of post-holiday doldrums, increased credit card debt and lack of daylight. Whether it’s a real phenomenon or not, 2015’s upcoming so-called “most depressing day of the year” may continue to be just that for some Canadians.

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Avoid common investing mistakes and build your nest egg
November 24, 2014

Penticton, B.C.—November is Financial Literacy Month in Canada and it comes at a time when Canadians’ saving habits are in the spotlight again—and not in a good way.

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Island Savings members say yes to First West
November 14, 2014

Duncan, B.C. and Langley B.C.—After six weeks of information-sharing, public meetings and thoughtful conversation, Island Savings members have approved by majority a special resolution that will see the organization join First West Credit Union on January 1, 2015.

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Financial Literacy Month: Advisors help avoid common banking pitfalls
November 13, 2014

Penticton, B.C.—November is Financial Literacy Month in Canada and it comes at a time when Canadians’ saving habits are in the spotlight again—and not in a good way.

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Valley First branch grows with the Vernon community
November 3, 2014

Vernon, B.C.—Valley First continues to demonstrate its commitment to serving the Vernon community with the opening of their new location in Fruit Union Plaza (Unit 110, 3101 Hwy 6).

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Travel insurance critical to mitigating risk when travelling abroad
October 31, 2014

Penticton, B.C.—While fear shouldn’t be the order of the day, Ebola has thrust questions about medical care while traveling abroad back into the spotlight. The epidemic may be considered isolated and outside-the-norm, but it points to the reality of risk when travelling internationally.

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Vision and partnership key to creating small business success, says Bad Tattoo
October 22, 2014

Penticton, B.C.—With its solid line-up of craft beers and creative rock-oven pizzas, Bad Tattoo has quickly established itself as one of Penticton’s busiest hotspots.

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Partnership approach essential to small business success, driving the economy
October 15, 2014

Penticton, B.C.—With small businesses dominating the Interior, Small Business Week, Oct. 19-25, is a time to celebrate the invaluable contribution these organizations make to British Columbia’s economy.

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Lack of planning could stall small business growth in a rebounding economy
October 14, 2014

Kamloops, B.C.—A recent Canadian Federation of Independent Business (CFIB) survey shows of B.C. small business owners are feeling confident about 2015 as they anticipate better business performance in the new year.

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Valley First employees pitch in for local non-profits
October 2, 2014

Penticton, B.C.—Throughout last week hundreds of extra volunteer hands came to the aid of several non-profit organizations in communities across British Columbia. Valley First’s “Make a Difference Days” saw employees swap their offices for a day dedicated to giving back.

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Valley First helps bring text-to-donate capability to the fight against hunger in B.C.
October 1, 2014

Penticton, B.C.—Close to 100,000 British Columbians access food banks every month, including more than 30,000 children. In the face of this unceasing demand Valley First, through its Feed the Valley program, is ramping up its efforts to fight hunger.

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How much are your free banking transactions really costing you?
September 30, 2014

“At Valley First, we believe in putting more money in our members’ pockets,” says Willers, “That’s why back in 2012 we introduced no-fee chequing with our Simply Free Account. Account holders receive unlimited cheque clearing and debit card transactions, free e-transfers within Canada, as well as ding-free access to a network of 3,200 ATMs across Canada.

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Don’t be leery of the cloud, just be wise
September 23, 2014

Penticton, B.C.—Round two of naked celebrity photo leak hit cyberspace this past Sunday. The latest hack attack—the second in less than a month—is again prompting many to ask: is my personal information like photos, videos or documents safe online, in the so-called “cloud”?

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Valley First parents share their tips on paying the birthday bills
September 15, 2014

Penticton, B.C.—Research shows Sept. 16 is the most popular birth date on the calendar and 10 of the most common birth dates fall in September. It’s little wonder it can seem like feast or famine when it comes to party planning or purchasing presents.

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Identity fraud upswing continues
September 9, 2014

Increased vigilance required to help protect finances

Penticton, B.C.—Though efforts to increase the public’s fraud awareness continue with full force, the number of Canadians falling prey to identity fraud is on the rise.

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12 students share $27,000 in education awards from Valley First
August 26, 2014

Penticton, B.C.—Twelve students—including eight from the South Okanagan and Similkameen and three from the Kelowna area—have received a major boost to their education funds after receiving 2014 Valley First education award.

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Valley First team member tackles grueling route to raise funds for the Heart and Stroke Foundation
August 21, 2014

Penticton, B.C.—In late July, Grant Fletcher, a Kelowna resident and senior account manager at Valley First completed a gruelling course that saw him cycle from Kelowna through to the Gulf Islands in memory of his long-time friend, Margaret Moore, who passed away unexpected over a year ago due to heart failure. His trip, aptly named Coffee with Margaret has raised $10,000 for the Heart and Stroke Foundation.

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Whitevalley Community Resource Centre benefits from Valley First Community Endowment Grant
August 6, 2014

Penticton, B.C.—Findings from a recent BMO survey indicating the average inheritance for British Columbians is just over $120,000 may be welcome news for many people as news of rising housing costs and increasing debt loads continue to dominate news headlines. In the same survey, more than half of Canadians polled indicated they received an inheritance at some point in their lives, with two-thirds acknowledging they will likely receive one in the future.

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Maximize your inheritance with these tips from a Valley First expert
July 31, 2014

Penticton, B.C.—Findings from a recent BMO survey indicating the average inheritance for British Columbians is just over $120,000 may be welcome news for many people as news of rising housing costs and increasing debt loads continue to dominate news headlines. In the same survey, more than half of Canadians polled indicated they received an inheritance at some point in their lives, with two-thirds acknowledging they will likely receive one in the future.

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Spirited Journey—Naramata couple takes pride in local, hand-crafted liquor
July 22, 2014

Penticton, B.C.—For nearly half a decade in the heart of what’s arguably Canada’s pre-eminent wine country, Doug and Dawn Lennie had simmered an idea on the backburner of their minds. Then, in 2013 with scores of full-scale and boutique wineries peppering the Okanagan Valley around them, they knew the time was ripe for something unique. In that moment, they determined to bring Legend Distilling to full boil.

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Valley First and Feed the Valley partner with Penticton Food Bank to create Food For All Cookbooks
July 11, 2014

Penticton, B.C.—Valley First and Feed the Valley have partnered with the Penticton Salvation Army Food Bank to produce a set of Food For All Cookbooks-Legumes series. Launching in the next few weeks, the cookbooks are aimed at providing people with a variety of simple recipes for goods commonly received at food banks. Additionally, recipe sampling has been available at the food bank throughout the early weeks of July with the final session taking place on July 15.

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Dogtown Coffee Co. bringing people together one cuppa joe at a time
July 7, 2014

Focusing on the local community and offering exceptional customer service the keys to success for one Valley First commercial banking member

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Small businesses must dance to loonie’s tune
Devalued dollar a new norm for business owners
July 3, 2014

Penticton, B.C.—With now more than six months of a lower Canadian dollar in the marketplace, it appears a weaker loonie is here to stay for some time, even despite its recent rally. Financial pundits have taken the Bank of Canada’s latest hold on the overnight lending rate as a commitment to keep the dollar from soaring to the levels of the past several years. Small business owners must now come to terms with the new reality of a weaker currency.

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Tackling Debt: Valley First expert shares simple tips on how to prioritize your payment
July 2, 2014

Penticton, B.C.—News of the ongoing mortgage wars and lowering interest rates from financial institutions are dominating the headlines these days and while this may favour the consumer, it also presents a fitting time for many to reconsider how they are prioritizing their debt repayments.

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Opportunity knocks for Boomerang kids
June 24, 2014

Penticton, B.C.—Increasing debt levels, a stagnant job market and high housing costs are driving a growing number of twenty- and thirty-something back to the family home; however, it’s not all gloom-and-doom—there’s an upside for this so-called Boomerang generation.

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Valley First expert shares simple tips on saving for an emergency fund
June 19, 2014

Penticton, B.C.— Many parents and families across British Columbia were caught out this week when the ongoing B.C. teachers job action caused summer holidays started two weeks early.

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Anti-spam law heavier on small business
June 19, 2014

Penticton, B.C.—As the federal government takes aim at big cyberpests with its new anti-spam legislation, in effect on July 1, it is likely the small players who will feel the impact of the crackdown most.

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Valley First expert shares simple tips to help homeowners guard against water damage
June 3, 2014

Penticton, B.C.—When people buy home insurance, most people associate it with protection against fire, or robbery, or natural disasters like earthquakes or storms. It may come as a surprise to many that the number one source of danger to Canadian homes is actually water damage. According to the Insurance Bureau of Canada, water damage has surpassed fire as the leading cause of personal property claims in Canada, and in the last year alone, 30,000 homes across the country experienced some form of water damage.

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T-shirt partnership raises more than $16,000 for local charities
May 27, 2014

Kelowna, B.C.—The Kelowna Rockets’ season may be done, but their fans are still seeing the impact of their community support. During the Rockets’ recent playoff run, a partnership between the team, the Kelowna Professional Fire Fighters Association (KPFFA), Valley First and other community partners raised more than $16,000 through the sale of white Kelowna Rockets playoff T-shirts.

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Princeton families treated to free movie night at local theatre
May 26, 2014

Princeton, B.C.—Moms, dads, grandparents and kids who came out to Family Movie Night at Princeton’s Riverside Community Centre Theatre on Friday, May 23, walked into a blockbuster of a deal.

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Valley First raises close to $3,000 during Hunger Awareness Week
May 15, 2014

Penticton, B.C.—As B.C. food banks struggle to meet increased demands on their resources, Valley First extended a helping hand during Hunger Awareness Week (May 5 to 9) by raising close to $3,000 and collecting 700 pounds of food for local food banks.

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Valley First increases Challenge Penticton support, becomes title sponsor
May 14, 2014

Penticton, B.C.—Valley First today increased its support and commitment to the success of Challenge Penticton Canada by signing on as title sponsor for this year’s event.

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Valley First support helps deliver financial literacy to Princeton kids
May 12, 2014

Princeton, B.C.—Close to 100 Princeton students traded the classroom for hands-on financial education on May 8 as they took part in the town’s second annual Learning Literacy Amazing Race.

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Feed the Valley 5km Run raises donations and awareness for local food banks
April 28, 2014

Penticton, B.C.—May 5-9 marks Hunger Awareness Week in Canada and as food banks across the country host events to raise awareness of the work they do and tell the stories of the thousands of Canadians who rely on their services, one Interior resident is doing his part to give back to this important community issue.

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Home buyers advised to look beyond their mortgage rate to find best deal
April 22, 2014

Penticton, B.C.—With the return of the so called “mortgage wars” many potential home buyers are looking to take advantage of five-year fixed-rate mortgage specials hovering below the three per cent interest mark. Valley First experts advise, however, buyers should take note of more than just their interest rate.

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Long-time Kamloops resident Charla Johnstone to lead North Shore location
April 17, 2014

Penticton, B.C.—Valley First is pleased to announce the appointment of its new RiverBend branch manager, long-time Kamloops resident and experienced financial services leader Charla Johnstone.

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The housing bubble: Valley First expert shares advice for potential homebuyers looking to enter the market
April 15, 2014

Penticton, B.C.—The Canadian Mortgage and Housing Corporation’s (CMHC) recent announcement of its May 1 premium increase has left many home buyers questioning the affect the increase may have on their bottom line.

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Valley First Princeton branch welcomes new manager
April 11, 2014

Penticton, B.C.—Valley First is pleased to announce the appointment of its new Princeton branch manager, long-time Princeton resident and experienced financial services leader Suzanne Holland.

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Heartbleed bug does not affect Valley First’s banking platforms
April 10, 2014

Penticton, B.C.—Amidst concerns over the Heartbleed web security bug—a vulnerability in the popular OpenSSL cryptographic software library—Valley First has confirmed that its direct banking platforms are safe and secure. Valley First’s online channels do not use OpenSSL, the technology affected by Heartbleed.

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Add “fraud prevention” to your spring break vacation checklist
March 25, 2014

Penticton, B.C.—When heading off on vacation, the last thing on your mind—and on your vacation checklist—is fraud prevention. But nothing can ruin a holiday like falling victim to fraud.

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Feed the Valley program donations pass $600,000 as program celebrates four successful years
March 17, 2014

Penticton, B.C.—Food banks across the Southern Interior have received more than $615,000 and in excess of 25 tons of food thanks to the efforts of Valley First employees, members and community partners.

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Don’t be a victim: Valley First expert shares tips to help you guard against fraud
March 13, 2014

Penticton, B.C—Each year, thousands of Canadians are victims of fraud and identity theft and with National Fraud Prevention Month in full swing, Jaime Lord, senior investigator for corporate security at Valley First is sharing the importance of recognizing fraud, reporting it and stopping it.

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Valley First Place in Rutland celebrates one year anniversary
February 27, 2014

Penticton, B.C.— Valley First Place in Rutland, home Valley First’s newest credit union branch and insurance office, has turned one.

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Valley First expert shares tips on how to avoid outliving your retirement funds
February 25, 2014

Penticton, B.C.—February is often associated as a month of romance, but for many people, it’s also a time of stress and financial worry with the clock ticking down on yet another RRSP season. However, without careful planning, solid financial advice and a commitment to saving, the thought of retirement may just be a far-fetched dream.

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Reality bites: Valley First expert shares five signs your bank just isn’t that into you
February 14, 2014

Penticton, B.C.—Just like the dating world, where men and women have a seemingly endless pool of potential mates to choose from, so too do small business owners when it comes to choosing their financial institution of choice.

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Valley First and Penmar Community Arts Society bring new life to a Penticton landmark
February 12, 2014

Penticton, B.C.—Valley First has partnered with the Penmar Community Arts Society to bring new life to the former Penmar cinema; transforming it into a three auditorium theatre where the Society will present movie screenings and live performance events.

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While politicians wrangle over whether ATM fees are too high, Valley First takes a broader view of banking fees
February 7, 2014

Penticton, B.C.—The second week of the House of Common’s 2014 session opened with spirited debate on whether Canadians are paying too much to withdraw money from ATMs across the country.

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Make a date with your financial planner this Valentine’s Day and fall in love with your finances
February 6, 2014

Penticton, B.C.—As we move through another investment season, many Canadians continue to wrestle with tough financial decisions—is it best to contribute to an RRSP, pay down debt or sock some cash away for the proverbial rainy day.

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Valley First to offer $27,000 in education awards to deserving local students
February 4, 2014

Penticton, B.C.—Valley First is continuing to demonstrate its commitment to making a positive difference in its communities by offering $27,000 in education awards to secondary and post-secondary students throughout British Columbia in 2014.

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Falling loonie double-edged sword for Interior residents and businesses
January 24, 2014

Penticton, B.C.—The Canadian dollar’s continuing slide, which saw its value drop below 90 cents against the U.S. dollar this week, presents something of a double-edged sword for the Interior’s residents and small businesses.

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Local focus, service and innovation help drive membership growth at B.C. credit unions
January 16, 2014

Penticton, B.C.—No longer viewed as yesterday’s financial institution, credit unions in British Columbia are experiencing something of a resurgence as they carve out their market niche and more B.C. residents seek out local, co-operative alternatives to the big banks.

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First West Credit Union issues call for board nominations
January 6, 2014

Penticton, B.C.—First West Credit Union is now accepting nominations from candidates interested in standing for election to its board of directors.

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