Institution profile · Federal credit union

Tru Cooperative Bank

RenamedTru Cooperative BankCDIC

Tru Cooperative Bank is the former First West Credit Union, which became a federal credit union on April 1, 2026. It uses the Envision Financial, Island Savings, Valley First and Enderby & District Financial names.

Profile facts checked October 30, 2026

Mitey the Yeti peeking out from behind the Tru Cooperative Bank index cards

Cheapest everyday account$536 a yearTru Essentials Chequing @ Envision Financial

Best posted savings rate0.64%High Interest Savings @ Envision Financial, on $10,000

Deposit protectionCDICFederal credit union

What changed

Formerly First West Credit Union; continued as a federal credit union named Tru Cooperative Bank on April 1, 2026.

At a glance

Legal name: Tru Cooperative Bank
Type: Federal credit union
Head office: British Columbia
Regulator: Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
Cheapest everyday account: Tru Essentials Chequing @ Envision Financial — $536 a year for the Everyday example
Best posted savings rate: 0.64% on $10,000 (High Interest Savings @ Envision Financial)
Website: www.trucooperativebank.ca

Deposit protection

CDIC member as a federal credit union, with transitional coverage for eligible deposits made before April 1, 2026.

Names CDIC lists for this member: Enderby & District Financial, Envision Financial, Island Savings, Valley First.

Tru Cooperative Bank chequing accounts and what they cost

Tru Cooperative Bank lists 3 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Tru Essentials Chequing @ Envision Financial at $536 a year. Accounts limited to a group are marked.

Chequing accounts as listed in the FCAC Account Comparison Tool, retrieved November 1, 2026; fees a year for the Everyday example
Account	Monthly fee and waiver	Included	Fees a year
Tru Essentials Chequing @ Envision Financial	No monthly fee	12 a month	$536
Tru Essentials Chequing @ Island Savings	No monthly fee	12 a month	$536
Tru Essentials Chequing @ Valley First	No monthly fee	12 a month	$536

Tru Cooperative Bank savings accounts and posted rates

Savings accounts as listed with FCAC, retrieved November 1, 2026. Posted rates; promotional rates may not appear.
Account	Rate at $10,000	Monthly fee
High Interest Savings @ Envision Financial	0.64%	No monthly fee
High Interest Savings @ Island Savings	0.64%	No monthly fee
High Interest Savings @ Valley First	0.64%	No monthly fee
Savings First @ Envision Financial	0.3%	No monthly fee
Savings First @ Island Savings	0.3%	No monthly fee
Savings First @ Valley First	0.3%	No monthly fee

On the official lists

Computed from OSFI’s list (file dated October 1, 2026) and CDIC’s member list, checked October 30, 2026
Legal entity	OSFI list	CDIC member
Tru Cooperative Bank	OSFI — domestic bank (federal credit union)	Yes

Facts, with sources

Letters patent continued First West Credit Union as a bank named Tru Cooperative Bank, with an order to commence business, both effective April 1, 2026.
Source: gazette.gc.ca
CDIC lists its names as Envision Financial, Island Savings, Valley First and Enderby & District Financial.
Source: cdic.ca
First West announced its launch as Tru Cooperative Bank, a federal credit union.
Source: trucooperativebank.ca

Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip

Mitey’s note

Your own pattern can change the order. Put your numbers into the true-cost finder to rank Tru Cooperative Bank’s accounts against everyone else’s.

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