Island Savings

Island Savings Community Endowment

In 2014 when Island Savings merged with First West Credit Union, the Island Savings board of directors gifted $2 million to the First West Foundation for the creation of the Island Savings Community Endowment as a lasting legacy to support Island Savings’ communities. The credit union will continue to grow this endowment by donating a portion of its profits annually.

Distributions from the endowment began early 2016 and the Island Savings Regional Council, which oversees the endowment, established the funding focus for the grants as “Promoting Resilient and Sustainable Island Communities".

More specifically, the Island Savings Community Endowment will enhance Island Savings communities by funding programming that improves people’s capacity and ability to care for themselves and their families; to learn new skills and become resilient in the face of change and challenge; and to become resourceful and self-sufficient. The fund will also support charitable programming that enhances environmental stewardship and sustainability.

Members are also welcomed to support the Island Savings Community Endowment through donations. All gifts above $10 are eligible for a charitable tax receipt and because the Credit Union supports the administrative needs of the Foundation, 100% of donations go toward building the endowment for greater community support.

In addition to the Island Savings Community Endowment, the First West Foundation also manages a number of other endowment funds including:

  • Valley First Community Endowment
  • Enderby & District Financial Community Endowment
  • Envision-Region Employees' Endowment
  • Peter Podovinikoff Scholarship Endowment
  • Frank Jamieson Memorial Endowment
  • Envision Financial Community Endowment
  • SOS Children’s Village Agency Fund
  • Gord and Enrica Huston Endowment
  • Ben H. Voth Legacy Endowment
  • Sally O’Sullivan Legacy Endowment
  • Haukeland Family Legacy Endowment
  • Peter Bell Legacy Endowment
  • Rod Dewar Legacy Endowment

For more information on the First West Foundation and the Island Savings Community Endowment, please visit


Make a Difference Days

Island Savings staff give back through Make A Difference Days

In 2015 Island Savings employees traded their suits and skirts for jeans and boots for our inaugural Make A Difference Days campaign. In total over 162 shifts were provided with more than 600 hours of volunteer support towards the good work of twenty different community agencies.

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Island Savings Sport Start Grant Provides Recreation Funding for Youth

Since 2013 Island Savings SportStart Grant has provided more than 3,000 Greater Victoria youth with the opportunity to participate in PISE recreational programming.

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GIFT Jeans Day

GIFT Jeans Day raise funds for island families

On the last Friday of each month Island Savings staff help to raise funds for charity through our “GIFT Jeans Day” events. In 2015 our staff raised just over $11,000 for 16 different non-profit agencies whose programming is helping to improve the quality of life for island children, youth and their families.

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Get involved

The First West Foundation is a registered charity established in 1996 by the management and Board of Directors of First West Credit Union. Our purpose is to support initiatives that help create resourceful and resilient communities and to encourage philanthropy for continued community support. Contact us to see how you can make a donation.