Canadian Consolidation: B.C.'s First West Credit Union Takes in Enderby & District
Members of the $55 million Enderby & District Credit Union in Enderby, British Columbia agreed this week to merge into the $6.6 billion First West Credit Union in Langley, British Columbia, the credit unions said.
Through First West’s partnership model, Enderby & District will retain its local brand, local leadership and community focus. Effective April 1, EDCU will be known as Enderby & District Financial, a division of First West Credit Union.
The merger marks a milestone for First West CU.
“Having a third partner join the First West family just goes to prove again that British Columbians and Canadians love our locally focused credit union,” says Launi Skinner, First West’s president/CEO.
“Over the past three years, we’ve seen how our model helps credit unions stay local, but tap into all the great benefits that come with being part of a larger organization like innovative products, increased purchasing power or higher lending opportunities,” Skinner said.
Established in 1947, Enderby & District CU serves more than 4,300 members.
With nearly 1,300 employees and 39 branches, First West is British Columbia’s third-largest credit union and serves 169,000 members.