Our proposed merger with Vancity is a strategic move to bring you unparalleled access and convenience, starting with a significantly expanded branch network.
Access to 60 Branches
Currently, your banking is centered around our eight local branches. But life takes you across B.C. With this proposed merger, your network would grow from 8 to 60 branches across the province. Whether you’re visiting family, commuting, or exploring, there’s likely a Vancity branch nearby, giving you more convenience and flexibility wherever you go.
More branches, same community heart💚
We understand concerns about losing our local touch. Rest assured, FCU’s commitment to our communities remains. As stated in the Proposed Merger Member Guide, First Credit Union will maintain a local identity and branches, and will operate as a division of Vancity. This preserves the heart of what makes FCU special.
You’ll benefit from expanded digital options, seamless access, and a strengthened Member Service Centre that delivers consistent, high-quality support however you choose to bank. By leveraging Vancity's established technological expertise, FCU will be able to offer a more resilient, secure, and user-friendly digital environment.
Enhanced Digital Banking Platform💻
Say hello to intuitive, powerful online and mobile banking that makes managing your money easier than ever.
Advanced Security & Innovative Services
Welcome top-tier protection for your finances and access to a wider suite of innovative products and services, like specialized loans for green home renovations.
24/7 Support
An enhanced Member Service Centre with around-the-clock digital assistance when you need it most.
Effortless Online Account Opening
Opening new accounts will become streamlined and convenient! No need to come into a branch, you can do it all from the comfort of your home.
You’ll gain access to a broader range of products and services designed to fit your life, your business and your future — empowering you with more of the right options.
Broader Product Spectrum
You’ll have access to a wider range of personal and business banking solutions, wealth management services, and insurance products, all under one roof. Together, we’re combining the best of both credit unions to offer you a complete, full-service financial experience.
Enhanced Lending Capacity📈
Whether you're looking to grow your business, purchase a new home, or invest in a major project, our combined strength means we'll have the capacity to offer a more diverse range of lending products.
Innovative & Specialized Solutions
Beyond the everyday, you'll gain access to forward-thinking products like Vancity's Planet-Wise™ loans, specifically designed for green home renovations. It's about banking that aligns with your values and supports a sustainable future.
The proposed merger is a strategic move to build a stronger, more resilient future for community banking. In a rapidly evolving financial world, with economic shifts, increasing regulations, and intense competition, joining forces creates a more resilient credit union, one with the scale, stability, and resources to serve you and your community for the long term.
A Resilient Foundation💪
This proposed merger provides the critical scale and stability needed to thrive. A larger, more robust credit union is better equipped to withstand economic uncertainties and adapt to evolving regulations. This would ensure your credit union remains strong and dependable.
Modern Banking
This enhanced strength allows us to make significant investments to accelerate innovation bringing you cutting-edge technology, more intuitive digital banking experiences, and enhanced security measures.
Amplifying Community Impact
This partnership means more capacity to invest in our communities. With combined resources, we can continue to uplift local economies, expand support for vital social programs, and champion initiatives with even greater impact across British Columbia.
For over 80 years, First Credit Union has been more than a financial institution, we’ve been your partner in building strong, thriving communities. As the financial world evolves at an unprecedented pace, we’re taking a proactive step to keep serving you at our best. That’s why we're proposing a merger with Vancity — its a partnership designed not to change who we are, but to make us even stronger and more resilient.
Why This Matters to YOU
The proposed merger means:
Why This Matters to Our COMMUNITIES
Your Voice Shapes Our Future
This is a pivotal moment for community banking in British Columbia, and your participation is crucial. We encourage you to read the Member Guide for detailed information and cast your vote with confidence. This process is about building a stronger, more sustainable future together.
Have your say on the proposed merger between First Credit Union and Vancity during the voting period taking place from Wednesday, November 12 at 12:01am PST to Tuesday, November 18 at 11:59pm PST.
Every member's voice is important in shaping the future for First Credit Union. During the voting period, eligible FCU members are invited to vote on the proposed merger. Voting will take place electronically.
The First Credit Union Board of Directors has unanimously recommended voting Yes, believing this merger is a strategic move to build a stronger, more resilient future for community banking across BC.
This proposed merger is structured as an asset transfer in accordance with Section 16 of the Credit Union Incorporation Act (British Columbia) . You can learn more about this process in the Member Guide.
