Valley First

2016 News Releases

News Releases

Local businesses recognized in Valley First Fan Choice Awards
December 9, 2016

Penticton, B.C.—Valley First, a division of First West Credit Union, has announced the winners in their 2016 Fan Choice Awards. The month-long awards, in recognition of Small Business Month, triggered an outpouring of support for local small businesses, as hundreds of votes were cast in four categories via social media.

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Valley First gives $50,000 for financial literacy
November 9, 2016

Penticton, B.C.—CANsave, a financial literacy program designed in 2015 by college students for primary school students has caught the attention of teachers throughout British Columbia, and Valley First is stepping up to lend its support.

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Fan Choice Awards seeks superstars during Small Business Month
September 29, 2016

Penticton, B.C.—Throughout October, Valley First, a division of First West Credit Union, will be celebrating Business Banking Month by recognizing local businesses for their exceptional services, first-class products and positive community contributions.

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Money matters: Survey finds parents teaching dollars and sense, but the curriculum may be thin
August 24, 2016

Penticton, B.C.—As kids across B.C. get set to head back to the halls of learning in September, their parents are striving to teach them a thing or two about money. A First West Credit Union-commissioned survey on parents’ beliefs and behaviours toward the financial literacy of their children found that 80 per cent of parents in British Columbia believe they bear the responsibility for teaching their kids about money.

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Parents lack resources, confidence to teach their kids about personal finances, survey says
August 23, 2016

Penticton, B.C.—As children head back to school, a First West Credit Union survey reveals less than 25 per cent of parents are extremely confident when it comes to teaching their kids about money.

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Expert says summer travellers need to think more broadly about insurance coverage
July 22, 2016

Penticton, B.C.—British Columbians are inclined to think about insuring their toys rather than themselves when it comes to preparing for summer vacation. Even if you don’t plan on going far for your vacation, there are some important aspects to consider before hitting the road.

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Investments: No need to exit because of Brexit
June 29, 2016

Penticton, B.C.—Britain’s decision to leave the European Union has thrown the economy into a tailspin: global stocks are plummeting, the pound fell to its lowest rate in three decades and safer investments such as gold have seen big increases.

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Small businesses vulnerable to ransomware
June 15, 2016

Penticton, B.C.—Following the University of Calgary’s ransomware payout, a local technology expert is urging small businesses to review their security practices.

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Colour purple the order of the day
June 10, 2016

Penticton, B.C.—On June 15, purple garb will be the attire of choice at Valley First, a division of First West Credit Union, as employees mark World Elder Abuse Awareness Day.

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Susan Ewanick named president of Valley First and Enderby & District Financial
June 7, 2016

Penticton, B.C.—First West Credit Union today shared Susan Ewanick has been appointed as president of its Valley First and Enderby & District Financial divisions. This leadership change follows on the retirement announcement of Paulette Rennie earlier this month.

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Paulette Rennie to bring 25-year credit union career to a close
May 10, 2016

Penticton, B.C.—During the First West Credit Union AGM session in Kelowna on May 9, Paulette Rennie—a 25-year veteran of the B.C. credit union system—publicly announced her retirement.

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Average debit card user could save $1,200 with Big Change
May 6, 2016

Penticton, B.C.—Big Change is a free banking feature that can be set to automatically round up the total of debit card purchases and move the additional amount into an open prepayment retail loan or a mortgage account.

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Valley First’s Tara Vanden Pol selected for young leaders award
May 5, 2016

Penticton, B.C.—Penticton’s Tara Vanden Pol has been named among the country’s best and brightest young credit union leaders at the industry’s national conference in Saskatoon, Saskatchewan.

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Managing the timing mismatch when buying and selling a home
May 4, 2016

Penticton, B.C.—As real estate activity across much of British Columbia continues to buzz at record levels, buyers and sellers are increasingly looking at how they can make the hot housing market work in their favour.

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Workers could be under-insured for travel-related work duties
April 21, 2016

Penticton, B.C.—If you are among the large number of Canadians who regularly travels for work, you may unknowingly have a gap in your vehicle insurance coverage.

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Valley First’s Feed the Valley donation totals smash $1 million milestone
April 19, 2016

Penticton, B.C.—Valley First, a division of First West Credit Union, today announced donations to its signature cause, Feed the Valley, have passed the $1 million mark—a milestone Valley First didn’t expect to reach until 2020.

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Small business scams increasingly sophisticated yet still preventable, says security expert
March 29, 2016

Penticton, B.C.—Cyber scams cost Canadian small business owners $6,200 dollars on average last year, according to a report released by the Canadian Federation of Independent Business. And, over the past 12 months, 20 per cent of small businesses fell victim to at least one form of fraud.

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Continuing move away from cash may lead to expense creep for businesses, says expert
March 15, 2016

Penticton, B.C.—Business owners may find themselves facing increasing operating expenses as more consumers opt to pay with non-cash alternatives.

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B.C. education savings grants expanded to include 40,000 more eligible children
February 25, 2016

Penticton, B.C.—Yesterday, the provincial government expanded the B.C. Training and Education Savings Grant (BCTESG) to include children born in 2006 and in the process extend the $1,200 education incentive to 40,000 more eligible British Columbian kids.

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Still time to lower that tax bill
February 23, 2016

Penticton, B.C.—Although the RSP contribution deadline for the 2015 tax year is just around the corner, there’s still a window of opportunity for British Columbians to invest and cut their tax bill, says a local financial expert.

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Valley First re-commits to the growth and success of Challenge Penticton as official volunteer sponsor
February 11, 2016

Penticton, B.C.—Valley First, a division of First West Credit Union, is continuing its support of Challenge Penticton by becoming the official volunteer sponsor for Challenge Penticton 2016.

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Valley First and Enactus partner to bring financial education to Kelowna kids
January 20, 2016

Penticton, B.C.—Okanagan College students have been putting their own learning into practice by delivering financial education to some of Kelowna’s youngest residents. In partnership with Valley First, a division of First West Credit Union, students from the college’s Enactus group last week launched a new financial literacy pilot dubbed CANSave.

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Rate cut could squeeze household budgets, says financial expert
January 15, 2016

Penticton, B.C.—With the Canadian dollar hitting lows not seen since 2003 and oil prices—a significant driver of the Canadian economy—continuing to tumble, some economists are now predicting the Bank of Canada will be forced to cut interest rates in a bid to keep the struggling Canadian economy growing.

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