Prospera Credit Union

Prospera Credit Union is a Canadian credit union in British 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 in British Columbia and is headquartered in Surrey, British Columbia. It currently has 24 branches across the Lower Mainland, the Fraser Valley, and the Okanagan.^[5][6]

Prospera Credit Union

Company type	Credit union
Industry	Financial services
Predecessors	Edelweiss Credit Union Fraser Valley Credit Union
Founded	2002 (2002)
Headquarters	Surrey, British Columbia , Canada[a]
Number of locations	24 (2024)
Area served	Lower Mainland, Fraser Valley, and Okanagan, British Columbia, Canada
Key people	Gavin Toy (president and CEO)[2] Gina Arsens (chair)[2]
Total assets	C$7.53 billion (2023)
Members	115,634 (2023)
Website	prospera.ca

History

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

1. The credit union was previously based in Abbotsford, British Columbia.^[1]