| Former name | Prospera Credit Union |
|---|---|
| Industry | Financial services |
| Predecessors |
|
| Founded | 2002 |
| Hq location city | Surrey, British Columbia |
| Hq location country | Canada[a] |
| Num locations (2024) | 24 |
| Area served | Lower Mainland, Fraser Valley, and Okanagan, British Columbia, Canada |
| Key people | |
| Assets (2023) | C$7.53 billion |
| Members (2023) | 115,634 |
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.[2] It merged with Westminster Savings Credit Union in 2020.[3] As of 2023 , the credit union had 115,634 members and C$7.53 billion in assets.[4] 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.[4][5]
As of May 6, 2026, Prospera Credit Union merged with Coast Capital and Sunshine Coast Credit Union to become Coast Capital Savings Federal Credit Union.[6]
History
The original Prospera Credit Union traces its roots back to 1943, when it was originally founded as Edelweiss Credit Union.[2] 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]
On July 9, 2025, Prospera members voted 75% in favour of merging with Coast Capital Savings and Sunshine Coast Credit Union.[7] The merger was finalized and legally closed on May 6, 2026.[8]
Notes
- ^ The credit union was previously based in Abbotsford, British Columbia.[9]
References
- ^ "Our Leadership Team". Prospera Credit Union. Archived 30 March 2024 at the Wayback Machine.
- ^ "The Edelweiss Credit Union". Goethe Institute. Archived 7 December 2023 at the Wayback Machine.
- ^ "Members approve merger of British Columbia's Prospera CU, Westminster Savings CU". S&P Global
- ^ "The Largest 100 Credit Unions". Canadian Credit Union Association. March 2024. p. 3. Archived 23 April 2024 at the Wayback Machine.
- ^ "2023 Prospera Credit Union Annual General Meeting". Prospera Credit Union. 2023. Archived 30 January 2024 at the Wayback Machine.
- ^ "Prospera has merged | Prospera - Local Banking Means More". www.prospera.ca. Retrieved 2026-05-07.
- ^ "Prospera, Coast Capital and Sunshine Coast credit union members approve merger". Coast Capital Savings. 2025-07-09. Retrieved 2026-05-07.
- ^ "Prospera, Coast Capital and Sunshine Coast credit unions close historic merger to form Canada's largest national purpose-driven credit union". Newswire. 2026-05-06. Retrieved 2026-05-07.
- ^ Patrick Penner (23 May 2020). "Prospera Credit Union, Westminster Savings Lay Off Over 100 Staff Following Historic Merge". The Abbotsford News. Black Press Media. Archived 23 April 2024 at the Wayback Machine.