Island Savings

2016 News Releases

Press Releases

Local businesses recognized in Island Savings Fan Choice Awards
December 28, 2016

Duncan, B.C.—Island Savings, a division of First West Credit Union, has announced the winners in their 2016 Fan Choice Awards. The awards, in recognition of Small Business Month, triggered an outpouring of support for local small businesses, as hundreds of votes were cast in five categories via social media.

Read more

Fan Choice Awards seeks superstars during Small Business Month
September 27, 2016

Duncan, B.C.—October is Small Business Month and the Island Savings division of First West Credit Union will again be recognizing local businesses for their exceptional services, first-class products and positive community contributions.

Read more

Money matters: Survey finds parents teaching dollars and sense, but the curriculum may be thin
August 24, 2016

Duncan, B.C.—As kids across B.C. get set to head back to the halls of learning in September, their parents are striving to teach them a thing or two about money. A First West Credit Union-commissioned survey on parents’ beliefs and behaviours toward the financial literacy of their children found that 80 per cent of parents in British Columbia believe they bear the responsibility for teaching their kids about money.

Read more

Parents lack resources, confidence to teach their kids about personal finances, survey says
August 23, 2016

Duncan, B.C.—Less than 25 per cent of parents describe themselves as extremely confident when it comes to teaching their kids about money, a First West Credit Union survey reveals.

Read more

Island Savings sets fundraising goal to serve 650,000 meals to Islanders
August 17, 2016

Duncan, B.C.—With back-to-school expenses on the horizon and empty food bank shelves in many Island communities, the Island Savings division of First West Credit Union has set a goal to provide the equivalent of 650,000 meals to Island children and families over the next three years. Through a combination of food, funds and awareness-raising activities, The Full Cupboard is a new community investment program from Island Savings that aims to reduce hunger across the Islands.

Read more

Island Savings welcomes credit union leader from Ghana for 10-day mentorship journey
June 17, 2016

Victoria, B.C.—Island Savings, a division of First West Credit Union, is playing host to Ghanaian credit union leader Esther Kafui Akumani, as part of an international co-operative mentoring program.

Read more

Small businesses vulnerable to ransomware, says expert
June 15, 2016

Duncan, B.C.—In the wake of the University of Calgary’s ransomware payout, a local financial expert is urging small businesses to review their security practices.

Read more

Colour purple the order of the day
June 10, 2016

Victoria, B.C.—Island Savings helps drive awareness for World Elder Abuse Awareness day.

Read more

Insurance policy options may be leaving boat-owners’ under-insured, says expert
June 9, 2016

Victoria, B.C.—With summer just around the corner, B.C. boat owners will be eager to prepare for a season on the water.

Read more

Nearly half a year’s income in tax challenges British Columbians’ financial goals
May 30, 2016

Duncan, B.C.—In the next few days, the typical B.C. family will start working for themselves and stop paying the government.

Read more

Island Savings thanks members with Sunfest discount, offers chance to meet Carrie Underwood and Dierks Bentley
May 12, 2016

Duncan, B.C.—If you bank with Island Savings, your summer fun plans could be heating up soon.

Read more

Soaring prices of Victoria-area homes may be leaving homeowners under-insured
May 11, 2016

Duncan, B.C.—With the devastating Fort McMurray fire top-of-mind for all Canadians, Islanders should spend some time this week reviewing their own home insurance policies.

Read more

In light of Fort McMurray wildfire, Island residents should review home insurance coverage
May 10, 2016

Duncan, B.C.—With the devastating Fort McMurray fire top-of-mind for all Canadians, Islanders should spend some time this week reviewing their own home insurance policies.

Read more

Island Savings unveils new website to elevate banking experience for members
May 4, 2016

Duncan, B.C.—Island Savings, a division of First West Credit Union, unveiled today, a redesigned divisional website boasting new, interactive features designed to help simplify the banking experience for members.

Read more

Island Savings secures $25,000 prize for Big Brothers Big Sisters’ Island chapters
May 3, 2016

Duncan, B.C.—Three Island-based Big Brothers Big Sisters (BBBS) chapters have just won a $25,000 prize in support of their dynamic in-school mentoring programs.

Read more

Move away from cash means expense creep for businesses
March 9, 2016

Victoria, B.C.—Business owners face rising expenses as more consumers opt to pay with plastic. A recent study found that only one in four Canadian transactions in 2015 used cash. Not the most welcome news for business owners who are keeping a close eye on expenses in a sagging economy.

Read more

Don’t overlook the potential of a TFSA
January 15, 2016

Victoria, B.C.—Like many Canadians, those in their ‘savings years,’ may be missing a major opportunity to build serious wealth through a tax-free savings account (TFSA). Only five out of 10 British Columbians hold a TFSA, according to recent research from Central 1 Credit Union.

Read more