Company Information

Get to know Island Savings, a division of First West Credit Union

Founded in 1951, Island Savings has a long history as a community-focused financial cooperative. In 2015, it merged with and became a division of First West Credit Union, one of Canada's largest credit unions. Island Savings maintains its local brand identity and decision-making while leveraging the resources of its parent company. Its mission is to provide a full suite of financial services, including banking, borrowing, investment, and insurance products, to its members, with a strong emphasis on local community support and financial well-being.

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Financial BankingPRIMARY
Financial Other Service

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Island Savings, a division of First West Credit Union

Canada

Founded in

1951 (75 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.