About Us
Effective January 1, 2020, Westminster Savings and Prospera Credit Union officially merged. This is a very exciting time for both organizations as we move towards building a stronger credit union for our members, employees and communities. As a result of this merger, the two predecessor credit unions are now one legal entity, which will be legally and commonly known as Prospera Credit Union.
While this website may still bear the name and logo of Westminster Savings Credit Union, we are in the process of revising all print and digital materials to bear the name of Prospera Credit Union. We appreciate your patience during this transitional period.
About Us
For over 75 years, Prospera Credit Union has been a successful financial institution because of an unwavering focus on meeting the needs of our members, providing fulfilling careers for employees, and for giving back to the communities we serve. The result of a merger between Prospera Credit Union and Westminster Savings Credit Union, we are a community-based, purpose driven organization that is committed to being a true financial partner to our local business members.
Together, we are a cooperative that measures its success by the financial success of our members.
Our purpose
To be the financial partner of choice for busy families and growing small businesses in our communities so they can achieve their most important goals.
Working with us is never just a "yes" or "no" situation because we know that life and business aren't like that either. So we provide great tools, products and information so our customers can move forward confidently.
Our vision
Enriching the lives of our customers.
Enriching people's lives is a vision we collectively pursue every day by looking beyond accounts, rates, products and services to ensure we continuously deliver real and tangible value to our customers.
Our core values
- Integrity: We act with honesty and respect
- Caring: We learn and understand the unique needs of our customers, employees and community
- Innovation: We seek to simplify and improve on what we do every day
- Teamwork: We collaborate and work together to achieve excellence
- Accountability: We take responsibility for our actions and delivering results
We help our customers achieve a better balance in life by helping them achieve a better balance financially.
More about us
Learn more about what who we are and what we're doing in our communities.
More about what we do
We have the right product & services for your personal or business needs.
Fast Facts
Fast Facts
| Established: | January 1, 2020, with roots that go back to 1943 |
| Comparative Size: | Third-largest in British Columbia and sixth-largest in Canada |
| Members: | Approximately 120,000 |
| Assets: | Approximately $9 billion |
| Subsidiaries: | WS Leasing Ltd. (vehicle leasing), Mercado Capital Corporation (equipment leasing), Westminster Savings Financial Planning Ltd. |
| Charitable Foundation: | Westminster Savings Foundation (assets: $9.0 million) |
| Head Office: | Surrey, B.C. |
| Employees: | Approximately 900 |
| Branches: | 29 branches, from Vancouver through the Fraser Valley to the Okanagan |
| Member Service Centre: | 604-517-0100 |
| On the Internet: | www.wscu.com |
| Member Service Centre: | 604-517-0100 (Westminster Savings) |
| Contact Centre: | 1.888.440.4480 (Prospera Credit Union) |
| On the Internet: | www.futurestrong.ca (for merger information) Legacy websites: wscu.com | prospera.ca |
| President and CEO: | Gavin Toy |
| Board Chair: | To be determined by nomination process in 2020** |
(Current as of January 01, 2020)
Corporate News
2019 Press Releases
Friday, November 29, 2019 – Westminster Savings donates $5,000 to Surrey Christmas Bureau
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Thursday, November 21, 2019 – Westminster Savings and Prospera members vote overwhelmingly in favour of merger
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Thursday, October 17, 2019 – Prospera and Westminster Savings leadership teams partner with OceanWise for White Rock Shoreline cleanup
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Thursday, September 19, 2019 – Prospera and Westminster Savings receive FICOM regulatory consent for proposed merger
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Wednesday, September 18, 2019 – Westminster Savings team rappels down high-rise tower and raises $20K for Easter Seals
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Thursday, September 12, 2019 – Westminster Savings super hero team stepping off high-rise tower to raise funds.
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Tuesday, August 13, 2019 – Westminster Savings Credit Union has made the 2019 list of Best Workplaces™ in Financial Services and Insurance.
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Friday, July 5, 2019 – Who says Westminster Savings is a Great Place to Work? Staff at Westminster Savings, that’s who.
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Thursday, May 29, 2019 – Westminster Savings is sponsoring a team to participate in the Marathon of Sport.
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Thursday, May 2, 2019 – Westminster Savings Credit Union is proud to announce that board member Emmet McGrath has been recognized with the Credit Union Foundation of BC’s Distinguished Service Award.
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March 26, 2019 – To help youth become more money-savvy, Westminster Savings Credit Union (WSCU) has partnered with Empower a Youth, a program to give youth understanding of real-life financial situations through mentorship, leadership and financial literacy.
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February 22, 2019 – Westminster Savings Credit Union returns as presenting sponsor of the 2019 Polar Plunge.
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Click here to see all of our past press releases.
Corporate Reports & Official Notices
You can view our annual reports reports in pdf format by clicking on the links below. If you experience any difficulty in accessing the reports, please email connect@wscu.com or call us at 604-517-0100 or 1-877-506-0100.
2019 Westminster Savings Foundation Report
Westminster Savings has been continuing its efforts to make the communities where we live and work better places for everyone. Read about our efforts in the Westminster Savings Foundation Report.
2019 Westminster Savings Consolidated Financial Statements
The consolidated financial statements of Westminster Savings Credit Union have been prepared by management in accordance with the requirements of the Financial Institutions Act of British Columbia and International Financial Reporting Standards (“IFRS”).