About First Credit Union
First Credit Union, incorporated June 9, 1939 as Powell River Credit Union, is British Columbia's first chartered credit union. It is a member-owned cooperative headquartered in Powell River that merged with Union Bay Credit Union in 2021 and now operates eight branches serving coastal communities, investing 10% of profits back into those communities. It offers personal and business banking, lending and insurance services.
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Access: Membership required · Open common bond
Eligible provinces: British Columbia
How to join: Open a membership with a share purchase at a branch or online through firstcu.ca.
Deposit protection: Credit Union Deposit Insurance Corporation of British Columbia
100% unlimited deposit protection; administered by BCFSA
Current top rates
rates confirmed as of 2026-09-26| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.10% |
| 2-year GIC | 3.40% |
| 3-year GIC | 3.65% |
| 4-year GIC | 3.60% |
| 5-year GIC | 3.70% |
Base ladder rates. Institution may have more term rates below.
Rate history builds here as we track this institution's rates over time.
Term deposit rates
Highlighted rows are promo rates— not stated on siterates confirmed as of 2026-09-26Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 1 year | RRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | — | 3.30% |
| 1 year | Non-reg | N | — | At maturity | — | 3.10% |
| 1 year | Non-reg | cashable | — | At maturity | —— | 2.35%2.25% |
| 13 months | RRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | — | 3.75% |
| 13 months | Non-reg | N | — | At maturity | — | 3.55% |
| 2 years | RRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | — | 3.60% |
| 2 years | Non-reg | N | — | At maturity | — | 3.40% |
| 3 years | RRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | — | 3.85% |
| 3 years | Non-reg | N | — | At maturity | — | 3.65% |
| 4 years | RRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | — | 3.80% |
| 4 years | Non-reg | N | — | At maturity | — | 3.60% |
| 5 years | RRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | — | 3.90% |
| 5 years | Non-reg | N | — | At maturity | — | 3.70% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-09-26Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | First Savings | — | — | — | 0.05% |
| Savings | Power Saver | — | — | $0 | 0.25% |
| Savings | Power Saver | — | — | $5,000 | 0.50% |
| Savings | Smart Saver | — | — | — | 0.05% |
| USD | US Daily SavingsUS$ | — | — | — | 0.05% |
| TFSA | |||||
| TFSA | TFSA HISA | — | — | — | 0.70% |
No rates match these filters.
Mortgage rates
rates confirmed as of 2026-09-26Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Closed | No | 4.55% |
| 2-year | Fixed | Closed | No | 4.65% |
| 3-year | Fixed | Closed | No | 4.80% |
| 4-year | Fixed | Closed | No | 4.84% |
| 5-year | Fixed | Closed | No | 4.89% |
| 5-year | Variable | Closed | No | 3.95% |
| 5-year | Fixed | Closed | Yes | 4.79% |
| 5-year | Variable | Closed | Yes | 3.85% |
No mortgage rates match these filters.
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