Company type | Credit union |
---|---|
Industry | Financial services |
Predecessors |
|
Founded | 2002 |
Headquarters | , Canada [a] |
Number of locations | 24 (2024) |
Area served | Lower Mainland, Fraser Valley, and Okanagan, British Columbia, Canada |
Key people | |
Total assets | C$7.53 billion (2023) |
Members | 115,634 (2023) |
Website | prospera |
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, [update] 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]
Prospera offers financial services including savings and chequing accounts, loans, mortgages, investment products and insurance.
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. This name was chosen to reflect its commitment to fostering financial prosperity for its members.
Established more than 70 years ago, before merging with Prospera in 2019, [4] Westminster Savings Credit Union (WSCU) provided retail, commercial and wealth management to its members across metropolitan Vancouver, including online and mobile banking services, access to global ATM networks and extended banking service through the contact centre.
Prospera participates in various community initiatives and charitable activities through annual giving, as well as through meaningful community partners with the Prospera Foundation. [7] This includes sponsorships, financial literacy programs and partnerships with local organizations to enhance the overall well-being of communities.
In 2023, Prospera Credit Union committed more than $1 million [8] to charitable organizations and community partners across British Columbia.
This includes more than $480,000 [8] in grants from the Prospera Foundation to eight local charities, including Special Olympics BC, the HeadHeartHand Foundation and Mamas for Mamas, Kelowna.
Another $500,000 [8] was distributed through corporate donations and sponsorships, supporting worthy causes and charitable organizations such as Big Sisters of BC Lower Mainland, Archway Community Services and Accelerate Okanagan.
Prospera operates on a cooperative model, with its members being its owners. Membership is open to individuals, businesses and organizations in the region.
Prospera has a network of 24 branches [9] located in the Lower Mainland, Fraser Valley and Okanagan regions of British Columbia. Additionally, the credit union maintains a network of ATMs to further facilitate easy and accessible banking for its members along with providing access to over 4000 ding free EXCHANGE Network ATMs across Canada.
The Lower Mainland is a geographic and cultural region of the mainland coast of British Columbia that generally comprises the regional districts of Metro Vancouver and the Fraser Valley. Home to approximately 3.05 million people as of the 2021 Canadian census, the Lower Mainland contains sixteen of the province's 30 most populous municipalities and approximately 60% of the province's total population.
Abbotsford is a city in British Columbia next to the Canada–United States border, Greater Vancouver, and the Fraser River. With a census population of 153,569 people (2021), it is the largest municipality in the province outside metropolitan Vancouver. Abbotsford–Mission has the third-highest proportion of visible minorities among census metropolitan areas in Canada, after the Greater Toronto Area and the Greater Vancouver CMA. It is home to Tradex, the University of the Fraser Valley, and Abbotsford International Airport.
Coast Capital Savings Federal Credit Union is a member-owned financial co-operative headquartered in Surrey, British Columbia. It has nearly 600,000 members through its 45-location branch network. In 2023, Coast Capital's net income was at $58.5 million. and has branches located in British Columbia, including Metro Vancouver, Fraser Valley, Okanagan and Vancouver Island regions.
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Alterna Savings and Credit Union Limited, commonly called Alterna Savings, is a credit union based in Ottawa, Ontario, Canada. In addition to its credit union branches in Ontario, it also operates across Canada through its direct banking subsidiary Alterna Bank.
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The British Columbia Rugby Union (BCRU) is the provincial administrative body for rugby union in British Columbia, Canada. The BCRU consists of nine sub-unions and 65 clubs. It was originally organized in New Westminster in 1889 where Alfred St. George Hamersley, the former England rugby union captain and recent immigrant to Vancouver, and member of Vancouver Football (Rugby) Club, became the first President. The same man is credited with founding the Amateur Athletic Club of British Columbia. and previously had introduced the game of rugby to the youth of South Canterbury, New Zealand. The current headquarters is on the west side of Vancouver.
The Fraser Health Authority (FHA) is one of five regional public health authorities in British Columbia. It is governed by the provincial Health Authorities Act.
Sikhism is the fourth-largest religious group in Canada, with nearly 800,000 adherents, or 2.1% of Canada's population, as of 2021. The largest Sikh populations in Canada are found in Ontario, followed by British Columbia and Alberta. As of the 2021 Census, more than half of Canada's Sikhs can be found in one of four cities: Brampton (163,260), Surrey (154,415), Calgary (49,465), and Edmonton (41,385).
Envision Financial, a division of First West Credit Union, is based in British Columbia, Canada. Founded in 1946, Envision Financial was established in 2001 through a merger between Lower Mainland-based Delta Credit Union, whose roots were in the fishing industry, and Fraser Valley-based First Heritage Savings Credit Union, which had historic ties to the farming and agriculture industries. First Heritage Savings Credit Union was the product of a merger between East Chilliwack Credit Union and Clearbrook District Mennonite Savings Credit Union in 1983. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.
CKOR is a Canadian radio station in Penticton, British Columbia. Bell Media owns the station, which operates with 10,000 watts of transmission power in the daytime and 500 watts at night, and airs an adult hits format under the Bounce brand. CKOR uses a non-directional antenna at all times.
An electoral redistribution was undertaken in 2008 in British Columbia in a process that began in late 2005 and was completed with the passage of the Electoral Districts Act, 2008 on April 10, 2008. The redistribution modified most electoral boundaries in the province and increased the number of MLAs from 79 to 85. The electoral boundaries created by the redistribution were first used in the 2009 provincial election.
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First West Credit Union is British Columbia’s third largest credit union with nearly $18.6 billion in total assets and assets under administration and more than 253,000 members. Its core business is traditional banking, the provision of personal and business daily banking services. First West has the largest geographic reach of any credit union in the province with 45 branches throughout B.C. The credit union is headquartered in the Vancouver suburb of Langley and has regional administration centres in Duncan on Vancouver Island and in Penticton in B.C.’s Southern Interior.
The Old Yale Road is a historic early wagon road between New Westminster, British Columbia, Canada and Yale, British Columbia, and servicing the Fraser Valley of the British Columbia Lower Mainland in the late 19th century and into the early 20th. It eventually became an early highway route for automobiles through the valley and into the British Columbia interior beyond Yale. It would eventually be part of, then surpassed by, the Fraser Highway, the Trans-Canada Highway and the Highway 1.
Valley First, a division of First West Credit Union, is based in British Columbia, Canada. Founded in Penticton in 1947 as the Penticton and District Credit Union, Valley First was established in 1983 following a period of expansion through the Okanagan and Similkameen valleys. Valley First continued its growth into the Kelowna market throughout the 1990s, before amalgamating with the Armstrong Spallumcheen Savings and Credit Union and buying the KCP Credit Union in Kamloops in 2001.
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