First West Capital's accomplishments of 2016

| September 14, 2017

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First West Credit Union is the third-largest credit union in British Columbia by asset size following Vanity and Coast Capital Savings. Led by Chief Executive Officer Launi Skinner and with close to 250,000 members and nearly $11 billion in assets under administration, First West was formed in January 2010 when Envision Financial in Langley amalgamated with Valley First Credit Union based in Penticton. First West Credit Union acquired Enderby & District Credit Union based in Enderby, BC, in 2013. Island Savings joined First West on January 1, 2015. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

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Smead Capital Management

Smead Capital Management (SCM) is a portfolio management firm based in Seattle, WA. SCM manages US Large Cap equity portfolios for advisors, family offices and institutions. The Firm manages separate accounts, sub-advisory mandates and a proprietary mutual fund on behalf of these investors.

OTHER ARTICLES

6 Digital Banking Best Practices During the COVID-19 Outbreak

Article | April 7, 2020

As the financial industry navigates the uncertainty of the COVID-19 pandemic, one thing is clear: digital banking has never been more important to financial institutions and their customers. While digital channels like mobile banking apps have always offered convenience, they now offer physical safety as well. With a digital approach to these extraordinary circumstances, banks and their customers can rest assured that social distancing does not mean financial isolation. Here are six best practices your institution can use to encourage and enhance digital banking channels given the unprecedented nature of COVID-19.

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Fintech Pioneer Has Faith Firm Can Weather The Storm

Article | August 7, 2020

The managing director of AutoRek is speaking from the 8,000 square foot premises in Glasgow’s Garment Factory that the fintech company moved into two years ago to accommodate its continuing growth. A similar move to upgrade its presence in Edinburgh took place at the end of 2019. Forecasts of growth for this year, however, have been ripped up by disruption caused by the coronavirus. But Mr McHarg, who co-founded the business in 1994, remains confident it will still make a profit.

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Are challenger banks transforming the lending market or just providing digital makeup?

Article | March 4, 2020

The short answer is yes…. sometimes to both. However, there is a huge change underway and enough evidence to suggest that customer and competitive pressure alone will drive more change, even without further regulatory updates. Globally, and in the UK, margins in the lending market are feeling the pressure. Slow credit growth (currently at 2.5% in the UK), and low interest rates are the primary drivers. This has fueled competition, especially for lending products with higher margins, such as mortgages.

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4 Hurdles Every Fintech Startup Must Overcome

Article | March 11, 2020

Fintech, or financial technology, refers to the application of innovative technology solutions within the financial-services industry. Even if you’re not familiar with fintech, most of us have used services like PayPal or Cash App, which fall into the mobile wallet and payments category. These technological solutions are mostly developed by startup companies that offer their services to established firms.

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Spotlight

Smead Capital Management

Smead Capital Management (SCM) is a portfolio management firm based in Seattle, WA. SCM manages US Large Cap equity portfolios for advisors, family offices and institutions. The Firm manages separate accounts, sub-advisory mandates and a proprietary mutual fund on behalf of these investors.

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