Prospera Credit Union

Last updated

Prospera Credit Union
Company type Credit union
Industry Financial services
Predecessors
  • Edelweiss Credit Union
  • Fraser Valley Credit Union
Founded2002 (2002)
Headquarters
Surrey, British Columbia
,
Canada [a]
Number of locations
24 (2024)
Area served
 Lower Mainland, Fraser Valley, and Okanagan, British Columbia, Canada
Key people
  • Gavin Toy (president and CEO) [2]
  • Gina Arsens (chair) [2]
Total assets C$7.53 billion (2023)
Members115,634 (2023)
Website prospera.ca OOjs UI icon edit-ltr-progressive.svg

Prospera Credit Union is a Canadian credit union in British Columbia. It was formed in 2002 as a merger of Edelweiss Credit Union, an originally German-Canadian credit union founded in 1943, and Fraser Valley Credit Union, founded in 1949. [3] It merged with Westminster Savings Credit Union in 2020. [4] As of 2023, the credit union had 115,634 members and C$7.53 billion in assets. [5] Prospera is one of the largest credit unions in British Columbia and is headquartered in Surrey, British Columbia. It currently has 24 branches across the Lower Mainland, the Fraser Valley, and the Okanagan. [5] [6]

Contents

History

The original Prospera Credit Union traces its roots back to 1943, when it was originally founded as Edelweiss Credit Union. [3] Over the years, it underwent several mergers and expansions, ultimately being renamed to Prospera in 2002, after a merger with Fraser Valley Credit Union.[ citation needed ]  

Notes

  1. ↑ The credit union was previously based in Abbotsford, British Columbia. [1]

References

  1. ↑ Patrick Penner (23 May 2020). "Prospera Credit Union, Westminster Savings Lay Off Over 100 Staff Following Historic Merge". The Abbotsford News. Black Press Media. Archived from the original on 23 April 2024.
  2. 1 2 "Our Leadership Team". Prospera Credit Union. Archived from the original on 30 March 2024.
  3. 1 2 "The Edelweiss Credit Union". Goethe Institute. Archived from the original on 7 December 2023.
  4. ↑ "Members approve merger of British Columbia's Prospera CU, Westminster Savings CU". S&P Global.
  5. 1 2 "The Largest 100 Credit Unions" (PDF). Canadian Credit Union Association. March 2024. p. 3. Archived (PDF) from the original on 23 April 2024.
  6. ↑ "2023 Prospera Credit Union Annual General Meeting" (PDF). Prospera Credit Union. 2023. Archived (PDF) from the original on 30 January 2024.


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