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WHY CHOOSE US

 
 


What does this mean for your financial wellbeing? 

​It’s simple. Your goals are our goals. We grow when you grow. It’s a partnership, not a transaction.

And here, we believe financial wellbeing is for everyone—learn why.

 

 

YOU​

Our expert financial advice focuses on your evolving financial needs, not making short-term profits for faraway shareholders.

 


YOUR MONEY

​Our profits are reinvested into our membership through free day-to-day banking, low-fee business accounts and great rates.

 


YOUR COMMUNITY​

Enjoy competitive returns knowing your deposits help us support organizations that strengthen your local businesses and community.

 

 
 
 

Our commitment to equity, inclusion and diversity

Island Savings's foundational values demand that we, as an organization, actively strive for equity, inclusion and diversity. We believe in cultivating an environment in which every employee, member and community partner—both present and future—is valued for their uniqueness and is empowered to thrive.

Learn more here

 

 

THE ADVANTAGES OF BANKING WITH US

 

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Members vote for directors at board elections, giving you a say in how our credit union operates.

Expert financial advice and local decision making to meet your financial needs as they evolve.

We partner with local organizations to create good things in our communities.

Become a member

Reach your financial goals and strengthen your community – that’s banking with purpose. Discover the benefits of belonging to a financial cooperative. Become a member online or call 1-888-597-1083 to get started.

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Become a business member

Whether you’re a small business starting out or a large established operation, we have the right products, services and advice for you. Let us help you reach new levels of success.

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We're working to become a federal credit union

Learn what it means to be a federal credit union including benefits and risks at firstwestcu.ca. For full details about the changes in deposit insurance, see the Notice Pursuant to the Disclosure on Continuance Regulations.

 

Explore our products and services

 

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We believe in the power of partnership, working together to achieve social impact and make a difference in our communities.

 

 
 
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Our Signature Cause, The Full Cupboard program support 11 food banks in the Vancouver Island, Pender Island and Salt Spring Island communities. Since 2013, these programs have raised over $765,000 and collected over 18,142 pounds of food for our partners (as of 2024). It’s due to the unwavering support of our members, community partners, and team members, that we’re making an incredible difference through donations and volunteerism that directly benefits the community where it was given. 

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Cancer affects countless lives, creating ripples that touch families and communities alike.  —the alarming fact is that one in two British Columbians are directly or indirectly affected. The need for support is immense, and that’s why we’ve partnered with BC Cancer Foundation in a four-year investment of $400,000. Additionally, our partnership involves initiatives that engage our team members, including the Workout to Conquer Cancer Challenge, and dedicated funds that go to advance research and innovative care across the province.

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Through a shared social vision and united effort with the First West Foundation, we’re always working to be a better community partner. In 2024, ​$1,062,358 was granted from the Foundation’s 18 endowments and charitable giving campaigns. Granting funds is the cornerstone of the vital community work being done through this partnership that’s grounded in trust-based philanthropy.  

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We foster sustainable partnerships that address advance social issues in our communities in alignment with six Sustainable Development Goals (SDGs). Our focus includes the four key areas of food insecurity, financial literacy, mental health and employment readiness.

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Through our Lead Well program, we leverage our financial strength and social vision to create capacity in the social sector. In 2024, our team members gave over 2,000 hours of their time during work and outside of working hours to support those in need. Their dedication is helping to build stronger and more connected communities across BC.  We're proud to support our team members' desire to give back through our Lead Well program, which provides paid time off for volunteering.  

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Island Savings, a division of First West Credit Union, acknowledges that we have privilege of doing business on the traditional and unceded territory of Coast Salish, Snuneymuxw, Semiahmoo, Quw'utsun (Cowichan), MÁLEXEȽ (Malahat), Xwsepsum (Esquimalt) and Lkwungen (Songhees), Pacheedaht, Scia’new, Á,LEṈENEȻ ȽTE W̱SÁNEĆ, Stz'uminus, and sc̓əwaθenaɁɬ təməxʷ (Tsawwassen) Peoples.

 

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We acknowledge that we have the privilege of doing business on the traditional and unceded territory of First Nations communities.