About Powell River Branch
First Credit Union’s first branch was in Powell River, as the company started as Powell River Credit Union. On June 9, 1939, Powell River Credit Union became the first registered credit union in British Columbia. In its early years, Powell River Credit Union had an original membership of 70 and assets of less than $1,000. Less than 20 years later, Powel River Credit Union rose to a membership of 4,081 and had assets of $1,250,000.
As Powell River Credit Union acquired more branches, the name “First Credit Union” was determined by its member-owners. With branches in Powell River, on Texada Island, on Bowen Island, and in Cumberland, First Credit Union continues to grow and provide more opportunities and services to the communities that we serve.
Staff members of First Credit Union Powell River Branch enjoy taking part in various community events every year, including Canada Day, Sea Fair, and Blackberry Festival. We also take pride in hosting our annual BC Day Road Hockey Tournament and Movie Under the Stars events, and we are happy to provide many donations, sponsorships, and scholarships to local organizations and students each year.
Financial Literacy Starts with Kids
Financial Literacy starts with children, and our staff take pride in the work they do to teach students about good saving habits, budgeting, and the 'pay yourself first' concept.
In February, First Credit Union staff members, Kristy Cote and Maggie Poole, visited Westview Elementary school. After a 'saving vs spending' workshop, they left each child with a First CU piggy bank to assemble. Our staff are looking forward to their next field trip!