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Gulf & Fraser
Gulf and Fraser Fishermen's Credit Union, operating as Gulf & Fraser, is a member-owned financial institution in Burnaby, British Columbia, Canada, and is the sixth largest credit union in British Columbia by asset size. With a history dating back to 1940, Gulf & Fraser 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, a crown corporation that insures the deposits of credit union members.
Gulf & Fraser's history extends back to 1940, when a group of BC fishermen incorporated the North Arm Fisherman's Credit Union. Since that time, the credit union has gone through over 30 mergers and many name changes. One of the most significant mergers occurred in 2004 when United Savings Credit Union merged with Gulf and Fraser Fishermen's Credit Union. Another notable merger was with Pioneer Credit Union — the third credit union to be chartered in British Columbia. Pioneer Credit Union was granted charter number 003, which G&F retained for the merged entity.[citation needed]
In August 2021, G&F Financial Group merged with Aldergrove Credit Union and on January 1, 2022, G&F Financial Group merged with V.P. Credit Union and Mount Lehman Credit Union. The combined organization has 26 branches located in the Lower Mainland and Fraser Valley and a membership of over 61,000. In November 2023, the credit union announced that a vote to merge with Interior Savings was successful, with a newly branded Beem Credit Union to have combined assets under administration exceeding $10 billion, effective January 1, 2024.
Gulf & Fraser's administration office is located at Suite 401 - 7300 Edmonds Street, Burnaby, British Columbia, V3N 0G8, Canada.[citation needed]
The following is a partial list of credit unions that form part of Gulf & Fraser's history either through name changes, mergers or acquisitions:
On February 25, 2021, G&F Financial Group announced their exclusive sponsorship of the Personal Finance program for high school students, run by Junior Achievement British Columbia. The credit union also donated $20,000 into the program.
In 2020, G&F Financial Group, the Board of Directors, employees, partners and sponsors gave $575,000 to local community groups, scholarship and bursary programs, charities, and cultural and sports organizations. This included three major charitable fundraisers where employees, partners and sponsors raised $170,000.
On December 30, 2020, G&F Financial Group announced a donation of $80,000 to local charities and groups impacted by the COVID-19 pandemic. Of that, $60,000 went to local food banks, shelters, and hospitals, which were among some of the hardest hit by the COVID-19 pandemic.
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Gulf & Fraser
Gulf and Fraser Fishermen's Credit Union, operating as Gulf & Fraser, is a member-owned financial institution in Burnaby, British Columbia, Canada, and is the sixth largest credit union in British Columbia by asset size. With a history dating back to 1940, Gulf & Fraser 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, a crown corporation that insures the deposits of credit union members.
Gulf & Fraser's history extends back to 1940, when a group of BC fishermen incorporated the North Arm Fisherman's Credit Union. Since that time, the credit union has gone through over 30 mergers and many name changes. One of the most significant mergers occurred in 2004 when United Savings Credit Union merged with Gulf and Fraser Fishermen's Credit Union. Another notable merger was with Pioneer Credit Union — the third credit union to be chartered in British Columbia. Pioneer Credit Union was granted charter number 003, which G&F retained for the merged entity.[citation needed]
In August 2021, G&F Financial Group merged with Aldergrove Credit Union and on January 1, 2022, G&F Financial Group merged with V.P. Credit Union and Mount Lehman Credit Union. The combined organization has 26 branches located in the Lower Mainland and Fraser Valley and a membership of over 61,000. In November 2023, the credit union announced that a vote to merge with Interior Savings was successful, with a newly branded Beem Credit Union to have combined assets under administration exceeding $10 billion, effective January 1, 2024.
Gulf & Fraser's administration office is located at Suite 401 - 7300 Edmonds Street, Burnaby, British Columbia, V3N 0G8, Canada.[citation needed]
The following is a partial list of credit unions that form part of Gulf & Fraser's history either through name changes, mergers or acquisitions:
On February 25, 2021, G&F Financial Group announced their exclusive sponsorship of the Personal Finance program for high school students, run by Junior Achievement British Columbia. The credit union also donated $20,000 into the program.
In 2020, G&F Financial Group, the Board of Directors, employees, partners and sponsors gave $575,000 to local community groups, scholarship and bursary programs, charities, and cultural and sports organizations. This included three major charitable fundraisers where employees, partners and sponsors raised $170,000.
On December 30, 2020, G&F Financial Group announced a donation of $80,000 to local charities and groups impacted by the COVID-19 pandemic. Of that, $60,000 went to local food banks, shelters, and hospitals, which were among some of the hardest hit by the COVID-19 pandemic.