About Us

First Credit Union is a community owned financial institution where people investing in one another is the key.  We are the oldest Credit Union in BC, incorporated in 1939.  As a locally owned and operated company, decisions are made locally.

The organization's commitment to the community through sponsorships and donations is significant. First Credit Union is very proud of it’s community involvement and strives to be represented at all major community events.

Our credit union is an important part of the Powell River, Texada and Bowen communities and continues to find ways to be innovative in bringing personal service, convenience, and quality products to the membership. Most recently, we merged with Cumberland District Credit Union, adding a fourth branch with a rich history to our credit union division.

 



Who We Are Expand/Collapse

Our Purpose

To strengthen the well-being of our member-clients and make meaningful community impact.

Our Vision Statement

Building successful relationships.

Our Corporate Philosophy

  • To provide quality financial services.
  • To maintain a financially sound Credit Union that contributes to the welfare, culture, and expansion of Powell River, Bowen Island, Texada Island, and Cumberland.
  • To maintain the philosophy of the Cooperative Movement, “People investing in one another”.
  • To strive for satisfied employees who are encouraged to grow, and in turn, positively affect members.

Our Brand Promise

Feel Valued. Be Rewarded.

Credit Union Rules

Download a copy of our Credit Union Rules.

Credit Union Difference Expand/Collapse

What make the credit union so different?

Credit Unions are different because our profits go back to our members. Whether it’s through donations, sponsorships, scholarships, profit sharing, or participating in and hosting community events, credit unions share their profits with those who help make us successful: our members and our community!

Our history is the foundation of our philosophy: that everyone deserves the opportunity to achieve financial well-being, that working together, cooperatively, works for the good of all, and that giving back to communities is a key rationale for profitable operations. The rest is history. The credit union system now employs over 24,000 people, serves 4.9 million members, and manages assets of over $91 billion.

Credit Union philosphies are based on the seven international cooperative principles:

  1. Voluntary and open membership.
  2. Democratic member control.
  3. Member economic participation (through member shares).
  4. Autonomy and independence (self-help organizations controlled by members).
  5. Education, training, and information (for members, staff, and directors).
  6. Cooperation among cooperatives (working together locally, regionally, nationally, and internationally).
  7. Concern for community.

Around the World: The international credit union system is comprised of 91 countries, 43,000 credit unions, and 136 million members. As a member in Canada, you are a welcome and respected member of a strong movement in the global community.

 

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