About First West Credit Union
First West Credit Union is a company based in Langley (Canada) founded in 2010 was acquired by Westland Insurance in August 2019. It operates as a Subscription Services, and Direct-to-Consumer (D2C). First West Credit Union offers products and services including Day-to-Day Banking, Personalized Financial Advice, and Innovative Technology Solutions. First West Credit Union operates in a competitive market with competitors including Desjardins, Vancity, DUCA, Conexus Credit Union and Desjardins Financial Security, among others.
- Headquarter Langley, Canada
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name First West Credit Union
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Westland Insurance
(Aug 22, 2019)
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Products & Services of First West Credit Union
First West Credit Union offers a comprehensive portfolio of products and services, including Day-to-Day Banking, Personalized Financial Advice, and Innovative Technology Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Basic banking services are provided for daily transactions.
Tailored financial guidance is offered to individual members.
Advanced digital tools are developed for banking convenience.
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Funding Insights of First West Credit Union
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in First West Credit Union
First West Credit Union has secured backing from 1 investor. Prominent investors backing the company include Westland Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of insurance brokerage services for auto, home, property and casualty, and business sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by First West Credit Union
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - First West Credit Union
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
First West Credit Union Comparisons
Competitors of First West Credit Union
First West Credit Union operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Desjardins, Vancity, DUCA, Conexus Credit Union and Desjardins Financial Security, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Financial services are provided cooperatively to members in Canada.
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| domain | founded_year | HQ Location |
Operates as a credit union and fund of funds across multiple sectors.
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| domain | founded_year | HQ Location |
Provides banking, savings, investments, loans, and business financing services.
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| domain | founded_year | HQ Location |
Offers banking, loans, investments, and credit cards to personal and business clients.
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| domain | founded_year | HQ Location |
Operates as a diversified insurance carrier providing comprehensive coverage solutions.
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| domain | founded_year | HQ Location |
Provides financial services including banking, loans, and investments in Alberta.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on First West Credit Union
Frequently Asked Questions about First West Credit Union
When was First West Credit Union founded?
First West Credit Union was founded in 2010.
Where is First West Credit Union located?
First West Credit Union is headquartered in Langley, Canada. It is registered at Langley, British Columbia, Canada.
Who is the current CEO of First West Credit Union?
Launi Skinner is the current CEO of First West Credit Union.
What does First West Credit Union do?
First West Credit Union is established as one of Canadas prominent credit unions, operating through four regional divisions: Envision Financial, Valley First, Island Savings, and Enderby District Financial. Banking services are provided with a local-market approach, emphasizing personalized advice and day-to-day financial products. Significant investments are made in innovative technology to enhance the banking experience for families and businesses. The organization spans Southern British Columbia to Kitimat, ensuring economic stability and diversification. Community impact is prioritized through support for local economies and job creation.
Who are the top competitors of First West Credit Union?
First West Credit Union's top competitors include Desjardins, Vancity and DUCA.
What products or services does First West Credit Union offer?
First West Credit Union offers Day-to-Day Banking, Personalized Financial Advice, and Innovative Technology Solutions.
Who are First West Credit Union's investors?
First West Credit Union has 1 investor. Key investors include Westland Insurance.
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