Envision Financial

Envision Financial

Type	Credit Union
Industry	Financial services
Founded	Delta Credit Union: 1946 First Heritage Savings: 1954 Merged as Envision Financial 2001 Valley First Credit Union (1947) and Envision merged as First West Credit Union (2010)
Headquarters	Langley, British Columbia, Canada
Key people	Shelley Besse, President
Revenue	$206.6 million CAD (2014)
Net income	$32.0 million CAD (2014)
Total assets	$9.8 billion CAD (Jan. 1, 2015)
Number of employees	1,759 (2015)
Website	envisionfinancial.ca

Envision Financial, a division of First West Credit Union, is based in British Columbia, Canada. Founded in 1946, Envision Financial was established in 2001 through a merger between Lower Mainland-based Delta Credit Union, whose roots were in the fishing industry, and Fraser Valley-based First Heritage Savings Credit Union, which had historic ties to the farming and agriculture industries. First Heritage Savings Credit Union was the product of a merger between East Chilliwack Credit Union and Clearbrook District Mennonite Savings Credit Union in 1983.^[1] It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

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 Financial and Valley First merged to become First West Credit Union. In 2013, Enderby & District Credit Union joined First West Credit Union, followed by Island Savings Credit Union in 2015.

Through First West, credit union members have access to 53 branches and 40 insurance offices throughout B.C. The credit union has nearly $10 billion in assets, more than 1,700 employees, and more than 240,000 members. First West is the third-largest credit union in B.C. and the fifth-largest in Canada.^[2] Envision Financial, Valley First, Enderby & District Financial, and Island Savings continue operating as divisions of First West Credit Union, retaining their existing brand names in each respective market.

About Envision Financial

Envision Financial has a network of 20 branches and 16 insurance offices throughout B.C. in the communities of Abbotsford, Chilliwack, Coquitlam, Delta, Hope, Kitimat, Langley, Mission, Surrey and Maple Ridge. Its regional administration centre is located in Langley.

A number of First West subsidiary businesses operate under the Envision Financial name, including Envision Insurance Services and Envision Investment Services. Envision Financial has become known for its trademark Redfrog mortgage, which was introduced in 2005.^[3]

In 2013, Envision Financial launched its signature cause, The Full Cupboard. The Full Cupboard is a unique hunger fighting initiative that aims to raise food, funds and awareness for food banks in the communities in which Envision Financial operates. Through this innovative program, Envision Financial has committed to raising at least $1 million for local food banks over the next 10 years.

For eight years running, Envision Financial was recognized as one of the 50 Best Employers in Canada by the Globe & Mail's Report on Business magazine, which publishes the annual 50 Best Employers in Canada survey conducted by Hewitt Associates.^[4] In 2007, Envision Financial received the inaugural "Employer of Choice" WorkLife BC Award sponsored by the British Columbia provincial government's Ministry of Children and Family Development.^[5] Envision Financial is also designated a Caring Company by Imagine Canada.^[6]

Membership

Envision Financial is a division of First West Credit Union which is a member of Central 1 Credit Union and is registered with the Credit Union Deposit Insurance Corporation of BC.

External links

References

↑ Envision Financial. "History." Web. 13 March 2011. https://www.envisionfinancial.ca/Personal/AboutUs/MediaCentre/History/.
↑ Central of Canada -Largest Credit Unions - Results Q4 2008
↑ Credit Union Central of British Columbia
↑ Hewitt Associates' 50 Best Employers in Canada survey
↑ Mary Polak, Member of the Legislative Assembly of British Columbia
↑ Imagine Canada's Caring Companies List

Banks and credit unions in Canada

Banks

Big Five	Bank of Montreal Canadian Imperial Bank of Commerce (President's Choice Financial) Royal Bank of Canada Scotiabank (Tangerine) Toronto-Dominion Bank (TD Canada Trust)

Other banks	AMEX Bank of Canada Business Development Bank of Canada Canadian Tire Financial Services Canadian Western Bank Citibank Canada Citizens Bank of Canada First Nations Bank of Canada HSBC Bank Canada ICICI Bank Canada Laurentian Bank of Canada Manulife Bank of Canada National Bank of Canada Pacific & Western Bank of Canada Rogers Bank

Credit unions

Credit unions	Affinity Credit Union Aldergrove Credit Union Alterna Savings Assiniboine Credit Union BlueShore Financial Central 1 Credit Union Coast Capital Savings Concentra Financial Conexus Credit Union Credit Union Central of Canada Desjardins Group Envision Financial First Calgary Financial First West Credit Union Gulf and Fraser Fishermen's Credit Union Island Savings Kawartha Credit Union Kootenay Savings Credit Union Libro Financial Group Meridian Credit Union Mouvement des caisses populaires acadiennes Servus Credit Union Steinbach Credit Union TCU Financial Group Vancity Windsor Family Credit Union Your Credit Union Your Neighbourhood Credit Union

Credit union deposit insurance	Alberta * British Columbia * Manitoba * New Brunswick * Newfoundland and Labrador * Nova Scotia * Ontario * Prince Edward Island * Saskatchewan

Other financial institutions

Federal financial institutions	Farm Credit Canada

Provincial financial institutions	ATB Financial

Companies based in the Metro Vancouver area

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