We've merged effective January 1, 2020 and 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 the new legal entity - Prospera Credit Union. We appreciate your patience during this transitional period.


Westminster Savings appoints new CFO

New Westminster, BC, April 16, 2013 – Westminster Savings’ President and CEO Gavin Toy is very pleased to announce the appointment of Mary Falconer as Senior Vice President and Chief Financial Officer (CFO).

As part of the Executive Leadership Team, Ms. Falconer will play a key role in helping to drive strategic direction, organizational growth and customer experience excellence. Her more than 23 years of financial management experience will be invaluable to our credit union.

“Mary is a dynamic individual with exceptional leadership, problem-solving and team skills. She will bring additional depth and strength to our Executive Leadership Team as we continue to position our organization for long-term sustainable growth and success,” said President and CEO Gavin Toy. “As Senior Vice President and CFO, Mary will provide financial oversight, leadership and strategic expertise for Westminster Savings and its subsidiaries.”

Ms. Falconer joins Westminster Savings from Vancouver City Savings Credit Union (Vancity) where she has held the position of Group Controller since 2010 leading a team of more than 30 Finance, Tax and Procurement staff. Prior to Vancity, Mary was Chief Financial Officer for seven years at a wholly owned subsidiary of a Swiss bank with responsibility for its offshore activities in the Caribbean. Prior to that, Mary was with PricewaterhouseCoopers for four years as a Senior Manager and with Ernst & Young for eight years as an Audit Manager.

Ms. Falconer assumed her role effective April 15, succeeding Gavin Toy, who was appointed President and CEO of Westminster Savings in October 2012. Ms. Falconer is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Alberta.

About Westminster Savings

Headquartered in New Westminster, Westminster Savings Credit Union provides a full range of retail, commercial and wealth management services, plus vehicle and equipment leasing services through its wholly-owned subsidiaries WS Leasing Ltd. and Mercado Capital Corporation. Its 400 employees serve 60,000 members and customers with $2.7 billion in assets under management from a network of 12 retail branches across metro Vancouver and leasing offices in British Columbia, Alberta, Manitoba and Ontario.

For more information:

Judy Hsu