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In 2008, Envision Financial entered into discussions with Penticton-based Valley First Credit Union to merge with one another and develop a new financial services organization for Western Canada. In September 2009, members at both credit unions voted in favour of the merger proposal, and on Jan. 1, 2010, Envision and Valley First merged to become First West Credit Union. Through First West, members will have access to 37 branches and 29 insurance offices throughout B.C. The credit union will have approximately $5.6 billion in assets under administration, 1,150 employees, and 167,000 members, becoming the third-largest credit union in B.C. and the fifth-largest in Canada. Envision and Valley First will continue operating as divisions of First West, retaining their existing brand names in each respective market. |
