Valley First

2015 News Releases

News Releases

Valley First and Enactus use new payment technology to share the spirit of the season
December 17, 2015

Penticton, B.C.—Okanagan College students have been delivering Christmas cheer to unsuspecting Kelowna residents as part of a classroom assignment that blends new payment technology and random acts of kindness.

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Valley First deepens commitment to its communities through new partnership
December 3, 2015

Penticton, B.C.—Valley First, a division of First West Credit Union, today announces an exciting partnership with Volinspire, a new interactive social enterprise platform aimed at connecting volunteers, community organizations and businesses.

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Business owners often overlook protecting their most valuable asset
November 30, 2015

Penticton, B.C.—Small business owners are often the boss, human resources advisor and facilities manager rolled into one. Their energy, time commitment and expertise about their industry means they are pretty much indispensable. So what happens to their business if they get sick, injured or die?

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Cyber Monday spending spree? Up your online shopping savvy ahead of time
November 23, 2015

Penticton, B.C.—The Monday after American Thanksgiving—Nov. 30 this year—has become well-known as Cyber Monday and consumers are increasingly trading over-indulging at the dinner table for splurging on online shopping bargains.

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Valley First renews presenting sponsorship of “ChangeUP”
November 17, 2015

Penticton, B.C.—Okanagan Changemakers today announced Valley First, a division of First West Credit Union, has renewed its sponsorship of the Kelowna-based social innovation competition, ChangeUP.

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Major tech upgrade to enhance service for Valley First Insurance clients
November 12, 2015

Penticton, B.C.—On Nov. 9, Valley First Insurance successfully completed its conversion to the state-of-the-art insurance broker management platform, Applied Epic, from Applied Systems, a leading provider of insurance agency and brokerage software.

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Opportunity for small businesses to grow with social media
October 18, 2015

Penticton, B.C.—Local businesses throughout B.C.’s southern Interior can compete more effectively with larger companies in their neighbourhoods by harnessing the largely-underused field of social media, says one local expert.

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Small business, big plans: Know where you’re going and how to get there
October 16, 2015

Penticton, B.C. — One of the biggest obstacles to starting a business is financial. While the dream may be free, 44 per cent of survey respondents cited a lack of start-up funds and 38 per cent stated the need for a steady income as the primary factors holding them back. Another barrier to building a business is being able to build a business plan.

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Bank fees can nickel-and-dime small business
October 15, 2015

Penticton, B.C.—In the current economy, Canadians are tightly watching their expenses and this is especially true for small business owners. They’re keenly aware that they need to diligently watch expenses, but often overlook how much they are paying in bank fees.

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Data kidnapping a growing concern
October 14, 2015

Penticton, B.C.—Online extortion schemes that hold computer data—holiday photos, school assignments, business records and everything in between—for ransom are becoming all too common in the homes and businesses of British Columbians in the Southern Interior.

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Lake Country Food Bank receives $10,000 from Valley First
October 6, 2015

Penticton, B.C.—As part of its commitment to tackling hunger, Valley First, a division of First West Credit Union today presented the Lake Country Food Bank with $10,000 to help support its ongoing programming.

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Bankruptcy a growing threat to an increasing number of seniors
September 1, 2015

Penticton, B.C.—New figures show a growing number of seniors are outliving their savings, carrying debt into retirement and facing the looming threat of bankruptcy during their golden years.

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New provincial grant now available to support ongoing education
August 17, 2015

Penticton, B.C.—Household budgets will soon be feeling the effects of the annual from back-to-school spending season, but there is some relief in sight for further education or training after the kids finish high school.

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Valley First Challenge Penticton Canada numbers up, strong pro field ready to hit the course
August 14, 2015

Penticton, B.C.—Registered entrants in the 2015 Valley First Challenge Penticton Canada are up and a competitive professional field stand to make this year’s event a too-close-to-call race.

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Eight students to share $16,000 in Valley First Education Awards
August 11, 2015

Penticton, B.C.—Eight students from the Thompson-Okanagan region have received a major boost to their education funds after receiving Valley First Education Awards. The recipients were selected for demonstrating outstanding school and community involvement and will each receive $2,000 to help further their education.

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Minimum wage could squeeze B.C. small business
July 29, 2015

Penticton, B.C.—Canadians continue to find themselves in the thick of a continent-wide minimum wage debate. While municipalities south of the border—like Los Angeles and New York—consider wage hikes, lobbying is in full force in British Columbians’ back yard.

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Think twice about splurging Universal Child Care Benefit, says financial expert
July 23, 2015

Penticton, B.C.—Thousands of parents across B.C. have started seeing a boon to their bank accounts. On July 20, the federal government started depositing or mailing out expanded universal child care benefit (UCCB) program payments to households across Canada.

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Valley First Insurance urges clients to review home insurance policies
July 20, 2015

Penticton, B.C. – With smoke filling the skies above British Columbia and wildfires burning across the province, Valley First, a division of First West Credit Union, is reminding its insurance clients to review their home insurance policies.

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Local financial expert urges prudence in wake of latest interest rate cut
July 15, 2015

Penticton, B.C.—Consumers in the Okanagan should exercise caution when considering taking on debt in the wake of the Bank of Canada’s key interest rate cut earlier today.

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Hospitality, tourism sectors await the silver lining of a sagging loonie
June 29, 2015

PENTICTON, B.C. — While south-of-the-border shoppers cool down in the face of the sub-par exchange rate, Thom Killingsworth is waiting for business to heat up for the Okanagan’s tourism and hospitality industries this summer.

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Rising bank fees prompt business owners to seek out better options
June 4, 2015

Penticton, B.C.—Recent news about bank fee increases at Canada’s major financial institutions has put many consumers on high alert to hidden account fees.

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Valley First Orchard Plaza branch completes transformation
May 4, 2015

Penticton, B.C.—Valley First, a division of First West Credit Union, continues to demonstrate its commitment to serving the Kelowna community with the completion of an extensive renovation of its Orchard Plaza branch.

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Boosted Tax-Free Savings Account limit welcome news says financial expert
April 21, 2015

Penticton, B.C.—Today, the federal government unveiled its 2015 budget and announced an increase to the annual contribution limit for tax-free savings accounts (TFSA) to $10,000. The increase to the contribution limit for tax-free savings is welcome news to many financial experts.

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Valley First and Soil Mate strengthen community roots
April 16, 2015

Penticton, B.C.—Valley First, a division of First West Credit Union, has entered into a partnership with Soil Mate, an online platform that harnesses the power of the web and social media to connect local communities with their local farmers, raisers and producers.

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Mortgage insurance hike a good pause for thought for homebuyers
April 10, 2015

Penticton, B.C.—Canadian homebuyers will be paying just a little bit more to become homeowners in 2015. Come June, two of Canada’s three major high-ratio mortgage insurers, CMHC and Genworth, will increase their insurance premiums for buyers with a down payment of less than 10 per cent.

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Kelowna United partners with Valley First to extend Central Okanagan soccer programs
March 30, 2015

Penticton, B.C.—Kelowna United Football Club (KUFC) announced Saturday a new partnership with Okanagan-based Valley First which will enable the Club to bring soccer to even more Kelowna youngsters.

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Debt, budgeting mistakes dominate list of top money miscues
March 29, 2015

Penticton, B.C.—April Fool’s Day may be a great day for fun and pranks, but mishandling your money any day of the year is no laughing matter. A poll of wealth advisors at Valley First, a division of First West Credit Union, recently revealed the biggest mistakes people are making with their money right now.

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Resisting virtual cat and mouse games requires a change of mind
March 26, 2015

Penticton, B.C.—As national Fraud Prevention Month winds down, Valley First is urging people to stay up to date on fraud. While keeping your computer’s software current is important, Jaime Lord, supervisor of corporate security at Valley First, says warding off online fraud takes more than technology.

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Keeping Spring Break spending in check
March 11, 2015

Penticton, B.C.—Countless teen comedies would have us believe that Spring Break means it’s time to jet away to an exotic localefor some fun in the sun without any financial constraints.

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Residents shred pounds of paper, safeguard against fraud
March 10, 2015

Penticton, B.C.—Nearly 4,000 pounds of confidential documents were sliced and diced this past Saturday at the annual Shred It and Forget It! event, hosted by Valley First and its community partners. Almost 100 residents brought 168 bankers’ boxes worth of personal documents for secure, safe shredding and disposal.

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Valley First extending hours to better serve members and community
March 2, 2015

Penticton, B.C.—Beginning Saturday, March 7 Valley First’s credit union and insurance offices will be open even longer, giving members and small businesses across the Lumby region greater access to the financial and insurance services and advice they need.

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Valley First renews title sponsorship of Challenge Penticton
January 22, 2015

Penticton, B.C.—Challenge Penticton today announced Valley First has renewed its commitment as the triathlon's title sponsor. The 2015 event will be the second consecutive year that Valley First Challenge Penticton has been supported by the Penticton-based financial institution.

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New training and education savings grant will help jumpstart college savings funds says Valley First
January 12, 2015

Penticton, B.C.—Today’s announcement by the B.C. government that it has reached a formal agreement with the federal government to introduce the B.C. training and educations savings (BCTES) grant is good news for families looking to start saving for their children’s post-secondary education.

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First West Credit Union issues call for board nominations
January 5, 2015

Penticton, B.C.—First West Credit Union is now accepting nominations from candidates interested in standing for election to the board of directors in its Envision Financial and Valley First regions. Nominations will not be solicited in First West’s Island Savings Region, as no directors’ terms expire in that region in 2015.

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