About Texada Branch
On September 18, 1956, Texada Credit Union began its journey that would eventually become a part of the First Credit Union family. For the first 35 years, Texada Credit Union was run by volunteers; however, keeping up with the regulations involved in running a credit union became too much for the volunteers to handle. As a result, Powell River Credit Union decided to open up their second branch on Texada Island.
On December 31st, 1991, the Powell River Credit Union took over the accounts and loans of Texada Credit Union, and on February 4, 1992, a branch with two staff members opened up in Van Anda. Within two years of opening, the branch went from being open two days a week to five days a week.
As of today, seven staff members work at First Credit Union Texada Island Branch. Texada staff members proudly participate in Sandcastle Days, the annual Easter Egg Hunt, Youth Hockey Night, and Run the Rock Marathon and Half-Marathon. They are proud to provide many donations and scholarships for various organizations and students in the Texada Island community.
Many credit unions were started when other financial institutions decided that it was not profitable enough to be in a small community. Credit unions are the only financial services provider in 900 communities, of which Texada is one.