Credit Unions in British Columbia
- The B.C. credit union system consists of 45 independent credit unions.
- With 368 branches and more than 530 ATMs, credit unions serve 140 B.C. communities, including 42 where there is no other financial institution (as at Jan. 1, 2010).
- B.C.'s first credit unions were established in 1939.
- B.C. credit unions serve 1.7 million members (about one-third of the provincial population).
- Together, B.C. credit unions hold over $48 billion in assets (as at Jan. 1, 2010).
- B.C. credit unions employ about 8,000 British Columbians.
- B.C. credit unions are democratically controlled through more than 350 locally-elected directors.
- Over the past five years, B.C. credit unions have returned an average of $40 million annually to
members in dividends and patronage refunds.
- B.C. credit unions are community-based and open to all; in recent years, about one-third of British
Columbians who changed financial institutions have switched their business to a credit union.
For more information, visit www.creditunionsofbc.com
