Press Releases

2021 NEWS

May 15, 2021

Union Bay Credit Union members vote strongly in favour of a merger with First Credit Union

Members of Union Bay Credit Union have approved a merger with First Credit Union. Operating as First Credit Union, the merged entity will have over $600 million in assets and serve a combined membership of more than 15,500. Read more.

2020 NEWS

November 13, 2020

Powell River Community Response Fund Awards Additional Funds to Local Community Organizations

The Powell River Community Response Fund has awarded an additional $35,545 to be distributed to ten different projects affected by COVID-19, bringing the total amount donated to local community organizations to over $184,983.00. Read more.

September 11, 2020

Powell River Community Response Fund Announce Fifth Round of Awards

The Powell River Community Response Fund has awarded an additional $6,000.00 to be distributed to two different projects affected by COVID-19, bringing the total amount donated to local community organizations to over $148,465.00. Read more.

August 31, 2020

First Credit Union Announces Branch Renovation to Begin Fall 2020

First Credit Union announced that it will begin an exterior and interior renovation of its Powell River branch (located at 4721 Joyce Avenue) in fall 2020 with an expected completion date late 2021. Read more.

September 1, 2020

Qtrade Asset Management, What’s New?!

You may see a mix of the Qtrade Asset Management & Credential Asset Management Inc. brands. Rest assured, while the logos may be different, they are the same company. Read more.

August 25, 2020

First Credit Union Awards $18,000 in Scholarships

To support the purpose of ‘empowering through knowledge’, First Credit Union offers multiple scholarships annually in each of the communities they serve; Bowen Island, Powell River, Texada Island, Courtenay, and Cumberland. These scholarships support First Credit Union members who are pursuing accredited post-secondary education, including recent high school graduates and adults returning to studies. First Credit Union values the impact these individuals make in their unique communities and local economies. Read more.

August 24, 2020

Let’s Talk Trash receives First Credit Union Sponsorship

The qathet Regional District’s Waste Reduction Education Program, Let’s Talk Trash, has been awarded sponsorship funding from First Credit Union for Zero Waste event equipment. Read more.

August 19, 2020

Powell River Community Response Fund Announces Fourth Round of Awards

The Powell River Community Response Fund has awarded an additional $26,465.00 to be distributed to three different projects affected by COVID-19, bringing the total amount donated to local community organizations to over $142,465.00. Read more.

August 4, 2020

NEI’s Responsible Investment Program Earns Highest Marks Possible

NEI Investments (“NEI”) is proud to announce it has been awarded the top score of “A+” across all assessed categories in the 2020 report by the UN-supported Principles for Responsible Investment (the “PRI”), the world’s leading proponent of responsible investment. While NEI has consistently received strong marks for its responsible investment program, these are the highest grades the company has achieved. Read more.

July 31, 2020

Powell River Community Response Fund Announce Third Round of Awards

The Powell River Community Response Fund has awarded an additional $23,000 to be distributed to three different projects affected by COVID-19, bringing the total amount donated to local community organizations to over $116,000. Read more.

July 10, 2020

Powell River Community Response Fund Awards Additional $32,000 to Local Organizations

The Powell River Community Response Fund has awarded an additional $32,000 to be distributed to five different projects affected by COVID-19, bringing the total amount donated to local community organizations to over $93,000. Read more.

June 22, 2020

Powell River Community Response Fund Announce Awards

The Powell River Community Response Fund has awarded $61,973 to be distributed to seven different projects. Read more.

June 12, 2020

First Credit Union Shares Profits with Members

We are proud to announce that in conjunction with our 81st Anniversary we are giving back over $305,000 in profit share to our members! Sharing profits is our way to reward members, and a differentiator when it comes to doing business with credit unions. Read more.

May 20, 2020

Local community organizations join together to launch Community Response Fund

A group of local organizations announced today the creation of the Powell River Community Response Fund (CRF) — a special fund to rapidly deploy essential relief to organizations providing frontline services to those disproportionately impacted by COVID-19. Read more.