Public Consultation: First West Application to Become Federal Credit Union

As part of BCFSA’s review of an application from First West Credit Union for consent to apply to be federally regulated under the Bank Act, we welcomed feedback from organizations, impacted stakeholders and the general public. 

This consultation period is now closed. All feedback received during the consultation period was reviewed and considered as part of the consent review process by BCFSA’s Superintendent of Financial Institutions and the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).

First West Credit Union continued as a federal credit union under the federal Bank Act under its new name “Tru Cooperative Bank” effective April 1, 2026. As a result of this transition, First West Credit Union is no longer regulated by BCFSA.

For more information, see BCFSA’s news release about First West Credit Union moving to federal regulation.