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Prospera Credit Union

From Wikipedia, the free encyclopedia
Canadian credit union

Prospera Credit Union
Company typeCredit union
IndustryFinancial services
Predecessors
  • Edelweiss Credit Union
  • Fraser Valley Credit Union
Founded2002 (2002)
Headquarters,
Canada[a]
Number of locations
24 (2024)
Area served
Lower Mainland,Fraser Valley, andOkanagan,British Columbia, Canada
Key people
  • Gavin Toy (president and CEO)[2]
  • Gina Arsens (chair)[2]
Total assetsC$7.53 billion (2023)
Members115,634 (2023)
Websiteprospera.caEdit this at Wikidata

Prospera Credit Union is a Canadiancredit union inBritish 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 inBritish Columbia and is headquartered inSurrey, British Columbia. It currently has 24 branches across theLower Mainland, theFraser Valley, and theOkanagan.[5][6]

History

[edit]

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

[edit]
  1. ^The credit union was previously based inAbbotsford,British Columbia.[1]

References

[edit]
  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. ^ab"Our Leadership Team". Prospera Credit Union.Archived from the original on 30 March 2024.
  3. ^ab"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. ^ab"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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