Credit Unions in British Columbia
This Page's Content Was Last Updated: November 23, 2022
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Largest Credit Unions in British Columbia
(More than 500,000 members)
Coast Capital Savings is a Federal Credit Union meaning they operate across Canada. CCS was created out of a $3 billion merger in 2000 between Pacific Coast and Richmond Capital Savings Unions.
- Services: Everyday Banking, Mortgages, Loans, Investments, Insurance, Business Services
- Branches: 45
- Members: 597,681
- Assets: $21,704,611,000
Insured
Insurable
Uninsurable
Posted
| Lender | Term | Rate | |
|---|---|---|---|
| 5-Year Fixed | 3.94% | ||
| 5-Year Variable | 4.14% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at anytime and may be applicable only to certain borrowers. Terms and conditions apply. | |||
Vancity is Canada's largest community credit union on the basis of assets. in 1946, 14 Vancouver residents opened a credit union that would be open to any city resident. By the end of 1946, the credit union had $2,966 in assets.
- Services: Everyday Banking, Mortgages, Loans, Investments, Insurance, Business Services
- Branches: 51
- Members: 544,167
- Assets: $28,542,325,591
Insured
Insurable
Uninsurable
Posted
| Lender | Term | Rate | |
|---|---|---|---|
| 6-Month Fixed | 7.55% | ||
| 1-Year Fixed | 5.09% | ||
| 2-Year Fixed | 4.59% | ||
| 3-Year Fixed | 3.99% | ||
| 4-Year Fixed | 4.19% | ||
| 5-Year Fixed | 3.89% | ||
| 7-Year Fixed | 4.97% | ||
| 10-Year Fixed | 5.29% | ||
| 5-Year Variable | 4.45% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at anytime and may be applicable only to certain borrowers. Terms and conditions apply. | |||
Other Credit Unions in British Columbia
| Name | History | Branch, Members & AUM |
|---|---|---|
Coast Capital Savings (Coopérative de crédit fédérale Coast Capital Savings) | CCS was created out of a $3 billion merger in 2000 between Pacific Coast and Richmond Capital Savings Unions. | 45 Branches, 597,681 Members and $21,704,611,000 Assets |
First West Credit Union | First West was formed out of the 2010 merger of Envision Financial, Valley First, Island Savings and Enderby & District Financial. | 47 Branches, 254,974 Members and $14,233,819,000 Assets |
Prospera Credit Union | In 1943, fourteen members founded Edelweiss Credit Union with $58.50. | 26 Branches, 115,634 Members and $7,533,994,000 Assets |
Coastal Community Credit Union | CCCU was formed in 1945 under "Nanaimo & District Credit Union." It operated in a small office in the corner of a bicycle shop. | 24 Branches, 84,799 Members and $3,294,620,987 Assets |
Interior Savings Credit Union | Twenty members came together in 1939 to create ISCU. Their deposits totalled $96.50. It merged with Gulf and Fraser Credit Union to form Beem Credit Union as of January 1, 2024. | 25 Branches, 91,328 Members and $3,538,246,000 Assets |
Kootenay Savings Credit Union | Kootenay Savings was formed in 1969 by the amalgamation of three successful credit unions in Trail, Fruitvale and Castlegar, offering a greater spectrum of financial services to the three communities. | 11 Branches, 34,053 Members and $1,596,592,808 Assets |
Valley First Credit Union | VFCU was founded in 1947 as the Penticton and District Credit Union. However, in 1983, Valley First was established following a period of expansion through the Okanagan and Similkameen valleys. It became a division of First West Credit Union in September 2009. | 15 Branches |
Envision Credit Union | ECU was born in 2001 through the merger of Delta Credit Union and Heritage Savings Credit Union. In 2010, they merged with Valley First Credit Union to create First West Credit Union. | 21 Branches |
Integris Credit Union | Integris Credit Union was born in 2005 after the amalgamation of the Nechako Valley Credit Union, the Prince George Savings Credit Union and the Quesnel and District Credit Union. | 8 Branches, 26,822 Members and $863,866,416 Assets |
Sunshine Coast Credit Union | In 1941, A small group of neighbours came together to create the first financial institution on the lower Sunshine Coast. | 3 Branches, 17,507 Members and $966,379,692 Assets |
Northern Savings Credit Union | NSCU was founded in 1940. | 4 Branches, 17,416 Members and $791,729,361 Assets |
Community Savings Credit Union | CSCU was founded in 1944 by a small group of unionized workers. | 7 Branches, 15,433 Members and $884,777,702 Assets |
Khalsa Credit Union | KCU opened their first store in 1986 in Vancouver. Their mission was to serve Sikh members of the community. | 6 Branches, 22,304 Members and $745,680,296 Assets |
First Credit Union | First Credit Union began in 1939 in a tiny mill-town located on the West Coast of British Columbia. | 8 Branches, 14,596 Members and $666,626,578 Assets |
Sharon's Credit Union | Sharon's was founded in 1989 with 25 members and $100,000. | 5 Branches, 15,609 Members and $581,777,125 Assets |
Bulkley Valley Credit Union | BVCU was founded in 1941 to serve members from Burns Lake to the Hazeltons. | 4 Branches, 16,027 Members and $562,249,189 Assets |
VantageOne Credit Union | VantageOne was formed in 1944, when they opened their first branch in Vernon, BC. | 4 Branches, 9,598 Members and $465,034,194 Assets |
Williams Lake & District Credit Union | WLCU was first incorporated in 1952. | 3 Branches, 11,797 Members and $424,499,998 Assets |
Lakeview Credit Union | Lake View Credit Union was founded in 1943. | 3 Branches, 8,493 Members and $370,079,904 Assets |
Summerland Credit Union | Summerland Credit Union was founded in 1944. | 1 Branch, 7,369 Members and $388,191,844 Assets |
Nelson And District Credit Union | On November 14, 1950, ten residents signed an application to incorporate the NSCU. | 3 Branches, 9,732 Members and $299,698,047 Assets |
Ladysmith & District Credit Union | LCU has been part of the Ladysmith community since the Credit Union was established in 1944. | 2 Branches, 6,005 Members and $298,170,012 Assets |
Revelstoke Credit Union | RCU was founded in 1953 with $35 in assets. | 2 Branches, 5,000 Members and $266,656,830 Assets |
Columbia Valley Credit Union | CVCU was established in 1955. | 1 Branch, 4,500 Members and $215,193,802 Assets |
Osoyoos Credit Union | OCU opened in 1946 and has been serving its members ever since. | 4 Branches, 3,892 Members and $204,307,458 Assets |
BlueShore Financial Credit Union | The Credit Union was founded in 1941 by nine North Shore residents with $10 in capital. | 12 Branches, 33,199 Members and $5,684,733,000 Assets |
Gulf and Fraser Credit Union | G&F Credit Union was started in 1940 by a group of people from the commercial fishing industry. On January 1, 2024, it merged with Interior Savings Credit Union to form Beem Credit Union. | 28 Branches, 72,289 Members and $4,804,916,421 Assets |
Salmon Arm Savings and Credit Union | The credit union was founded in Salmon Arm in 1946. | 4 Branches, 19,872 Members and $1,018,908,881 Assets |
StellerVista Credit Union | East Kootenay CU and Heritage CU merged to form StellerVista CU in 2023, with the origins of the original credit unions going back to 1950. | 7 Branches, 19,879 Members and $700,219,382 Assets |
Beem Credit Union | Beem Credit Union is the second largest provincially regulated credit union in BC. This new credit union is a result of the merger of Interior Savings and Gulf & Fraser Credit Union as of January 1, 2024. | 53 Branches, 16,000 Members and $10,000,000,000 Assets |
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