Gulf and Fraser Fishermen's Credit Union

G&F Financial Group

Type	Credit Union
Industry	Financial services
Founded	1936
Headquarters	Burnaby, British Columbia
Key people	Jeff Shewfelt - Co-CEO William Kiss - Co-CEO
Revenue	$46.8 million CAD (2011) ^[1]
Net income	$4.5 million CAD (2011) ^[1]
Total assets	$1.05 billion CAD (2011) ^[1]
Subsidiaries	Gulf and Fraser Insurance Services Ltd.
Website	www.gffg.com

Gulf and Fraser Fishermen's Credit Union operating as G&F Financial Group is a member-owned financial institution in Burnaby, British Columbia and the tenth largest credit union in British Columbia.^[2] With a history dating back to 1936, G&F Financial Group provides banking and a variety of financial services including borrowing, investments and financial planning. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

History

G&F Financial Group's history extends back to one of the first credit unions in BC—Common Good Co-Operative Association located in South Burnaby in 1936. Since that time, the credit union has gone through a number of mergers and name changes—the most significant occurring in 2004 when United Savings Credit Union, formerly known as Civic Employee's Credit Union, United Services Credit Union, Burnaby Savings Credit Union, Pioneer Credit Union and Allied Savings Credit Union, merged with G&F Financial Group. The combined entity has 12 branches located in Vancouver, Burnaby, New Westminster, Surrey, Port Coquitlam, and Richmond.

The current head office is located in the Edmonds area of Burnaby.

Predecessors

The following is a (incomplete) list of previous credit unions that form part of G&F Financial Group's history (either through name changes, mergers, or buyouts):

North Arm Fisherman's Credit Union
Lower Fraser Fishermen's Credit Union
Common Good Co-Operative Association
Pioneer Credit Union
C.E.F.U. #28 Credit Union
Civic Employees Credit Union
United Services Credit Union
Mount Pleasant Credit Union
Burnaby Savings Credit Union
Allied Savings Credit Union
United Savings Credit Union
Burlington Northern Credit Union
Sheet Metal Workers Credit Union
Elco Credit Union (BC Hydro Employees)

Community involvement

As with most member-driven credit unions, G&F Financial Group has a long history of involvement in the communities that they serve. Over $930,000.00 was returned to members and the communities that G&F Financial Group serves in the year 2005 in the form of dividends, patronage rebates, and charitable donations.^[3]^[4]

In addition to financial donations, G&F Financial Group encourages staff involvement within the communities that they operate. On November 2, 2011 the South Burnaby Branch of G&F Financial Group was the winner of the Burnaby Board of Trade's Business Excellence Community Spirit Award. The award recognizes local organizations for demonstrating outstanding corporate social responsibility and for the strong support of local non-profit organizations and agencies.^[5]

On October 5, 2011, G&F Financial Group presented SOS Children's Village of British Columbia with a contribution cheque for $45,100.00 as proceeds from its Charity Golf Tournament and Raffle. The credit union had been in a 3-year partnership with the charity, raising over $89,000 for SOS BC since 2009.

Trivia

Popular Grammy-nominated singer, Michael Bublé is the son of one of G&F Financial Group's Directors.
One of the first credit unions chartered in British Columbia through a previous merger with Pioneer Credit Union (charter number 003).

References

1 2 3 G&F Financial Group 2008 Annual Report
↑ Credit Unions of BC
↑ https://www.gffg.com/SharedContent/documents/PDFs/pressrelmar606.pdf
↑ A Night for Burnaby's Best, Burnaby Now, Nov 5, 2005
↑ Janaya Fuller-Evans. "Burnaby Business Excellence Award winners announced". Burnabynow.com. Retrieved 2015-12-27.

External links

Banks and credit unions in Canada

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Big Five	Bank of Montreal Canadian Imperial Bank of Commerce (President's Choice Financial) Royal Bank of Canada Scotiabank (Tangerine) Toronto-Dominion Bank (TD Canada Trust)

Other banks	AMEX Bank of Canada Business Development Bank of Canada Canadian Tire Financial Services Canadian Western Bank Citibank Canada Citizens Bank of Canada First Nations Bank of Canada HSBC Bank Canada ICICI Bank Canada Laurentian Bank of Canada Manulife Bank of Canada National Bank of Canada Pacific & Western Bank of Canada Rogers Bank

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Credit union deposit insurance	Alberta * British Columbia * Manitoba * New Brunswick * Newfoundland and Labrador * Nova Scotia * Ontario * Prince Edward Island * Saskatchewan

Other financial institutions

Federal financial institutions	Farm Credit Canada

Provincial financial institutions	ATB Financial

Companies based in the Metro Vancouver area

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