Tru Cooperative Bank
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Tru Cooperative Bank
Tru Cooperative Bank is a credit union located in British Columbia. It was founded in 2010 through the merger of Envision Financial and Valley First Credit Union. It primarily serves Southwestern Region of British Columbia.
Tru Cooperative Bank, formerly First West Credit Union, is a British Columbia based federal credit union with roots reaching back to 1946 through its predecessor organizations. First West was formed in 2010 through the merger of Envision Financial and Valley First Credit Union, and later expanded through Enderby & District Financial and Island Savings.
The organization operates through regional brands, including Envision Financial, Valley First, Island Savings, and Enderby & District Financial. This structure allows members to continue using familiar local brands while accessing the resources of a larger cooperative financial institution.
In April 2026, First West completed its transition to federal regulation and began operating under the legal name Tru Cooperative Bank. Its regional brands continue to provide day to day banking, business services, and wealth management, while the federal structure allows the cooperative to serve members across Canada.
Provinces served
Number of Members (as of 2025): ~290,000
Tru Cooperative Bank Mortgage Rates
The mortgage rates on this page were last updated on August 25, 2026 at 6:09 PM ET.
| Lender | Term | Rate | |
|---|---|---|---|
| 6-Month Fixed | 6.64% | ||
| 1-Year Fixed | 4.59% | ||
| 2-Year Fixed | 4.54% | ||
| 3-Year Fixed | 4.49% | ||
| 4-Year Fixed | 4.54% | ||
| 5-Year Fixed | 4.34% | ||
| 7-Year Fixed | 7.24% | ||
| 10-Year Fixed | 7.49% | ||
| 5-Year Variable | 3.70% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||
Tru Cooperative Bank GIC Rates
The GIC rates on this page were last updated on August 25, 2026 at 11:26 AM ET.
| Term | Rate |
|---|---|
| 3-Month | 2.06% |
| 6-Month | 3.01% |
| 9-Month | 3.11% |
| 1-Year | 3.11% |
| 2-Year | 3.51% |
| 3-Year | 3.61% |
| 4-Year | 3.66% |
| 5-Year | 3.71% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | |
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: Tru Essentials Chequing
- Standard Fee
- Free
- Free Transactions
- 12
- Max e-Transfer / Day
- $5,000
- Insurance Limit
- $100,000 per category
Account details
- This account allows 12 free transactions.
- Unlimited debit transactions are available for a monthly fee of $9.
- Maximum Interac e-Transfer per day: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Tru Essentials Chequing is a no-monthly-fee account with no minimum balance. It includes 12 free debit transactions per month; the next 6 cost $1.50 each, after which additional debit transactions are free for the rest of the month. These fees are capped at $9 per month. Digital transfers between Tru Cooperative Bank accounts are free.
Deposit Insurance
Deposits are insured by the Canada Deposit Insurance Corporation (CDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Savings Accounts
Savings Account
Account: High Interest Savings Account
- Interest Rate
- 0.64%
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $5,000
- Insurance Limit
- $100,000 per category
Account details
- This account allows 1 free transaction.
- Maximum Interac e-Transfer per day: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Tru Cooperative Bank High Interest Savings Account is a no-monthly-fee savings account with no minimum balance requirement and tiered interest based on the daily closing balance. It includes 1 free debit transaction per month and is available as a non-registered account, TFSA, or RRSP. Additional debit transactions may incur fees.
Deposit Insurance
Deposits are insured by the Canada Deposit Insurance Corporation (CDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Savings Account
Account: Savings First
- Interest Rate
- 0.30%
- Standard Fee
- Free
- Free Transactions
- 2
- Max e-Transfer / Day
- $5,000
- Insurance Limit
- $100,000 per category
Account details
- This account allows 2 free transactions.
- Maximum Interac e-Transfer per day: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Tru Cooperative Bank Savings First is a no-monthly-fee savings account with no minimum balance requirement. Interest is calculated daily on the entire closing balance and paid at month end. The account includes 2 free debit transactions per month, while additional debit transactions cost $1.25 each.
Deposit Insurance
Deposits are insured by the Canada Deposit Insurance Corporation (CDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $14,802M | +3.8% | +16.8% |
| Loans | $13,024M | +4.2% | +28.2% |
| Deposits | $11,870M | +0.6% | +8.0% |
| Loan-to-Deposit Ratio | 109.7% | — | — |
| Mortgages + HELOCs | $7,814M | +3.8% | +28.5% |
| Securities | $1,221M | +3.1% | -27.3% |
| Revenue | $343M | +24.7% | +2.4% |
| Efficiency Ratio | 85.1% | — | — |
| Target Members / Region | Southwestern Region of British Columbia | — | — |
Tru Cooperative Bank Deposits, Loans and Revenue in the Past 5 Years
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