Financial highlights

In 2017, we achieved outstanding results amidst the prevailing low interest rate environment, intense competitive pressures, and rapid technology advancements in the financial services marketplace.

$9.9 billion
 total assets increased 3.6%, or $347 million

$8.2 billion

loans to members increased by 9.8%, or $733.1 million

$8.8 billion

deposits from members increased by 3.9%, or $332.1 million

Subsidiary revenue vs. Credit Union revenue ($ and % change)

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Subsidiary revenue vs. Credit Union revenue ($ and % change)

“First West’s strong performance is a testament to our business model and our capacity to create stability during times of rapid change. Our local focus and commitment to innovation continue to drive top-tier financial results.”

Thomas Webster, CFO

$52.3 million
 income before tax increased 48.6%, or $17.1 million

$1.9 million

invested in building healthier communities through our community giving activities, bringing our total to $14.1 million since 2010

$1 million

in dividends paid to members, bringing our total to $10.2 million since 2010

8,786 new members

8,786 new members

Membership grew by 3.7% in 2017, bringing our total net new members to more than 50,000 since the inception of First West in 2010

Performance Indicators

Membership Growth

Member Highlights

Economic Impact