Biggest credit unions in the Kootenays – ranked by assets

According to a list published by Business in Vancouver newspaper these are the largest credit unions in the Kootenays.

Revelstoke Credit Union's recently constructed new building. — Photo courtesy VicVanIsleGroup

According to a list published by Business in Vancouver newspaper these are the largest credit unions in the Kootenays—ranked by 2014/2013 assets.

Vancity was ranked as BC’s biggest credit union with over $18 Billion in assets. Here are the biggest credit unions in the Kootenay region appearing on the list and their provincial ranking and percentage changes:

11. Kootenay Savings Credit Union - Trail — $1.03 billion - assets. +2%
22. East Kootenay Community Credit Union — $295 million - assets  +8%
27. Grand Forks Credit Union -- $214 million — assets  +1%
30. Nelson & District Credit Union -- $187 million — assets  +3%
31. Revelstoke Credit Union -- $155 million — assets  -3%
33. Heritage Credit Union -- Castlegar -- $144 million — assets   -2%
34. Columbia Valley Credit Union -- $142 million — assets  +1%
37. Creston and District Credit Union -- $126 million — assets  +7%

Last year the East Kootenay Community Credit Union based in Cranbrook lead the way among Kootenay credit unions with an impressive 13% increase in assets and on this year’s list they enjoyed another 8% increase – followed closely by Creston with a 7% increase.

Two credit unions saw a decline in assets: Revelstoke slid 3% and Castlegar’s Heritage Credit Union dropped by 2%.