Envision financial was created in 2001 through a merger of First Heritage Savings and Delta Credit Union. Envisions goal was to create a locally –responsive financial institution that would be a welcomed alternative to the big banks for people in the Fraser Valley. The company’s vision is to excel in member service, employee wellbeing, financial strength and corporate citizenship.
In January of 2010 Envision Financial and Valley First Credit Union merged to become First West Credit Union. The parent credit union now has Envision Financial, Valley First Credit Union, Enderby Credit Union and Island Savings. All the acquired institutions still operate as their own entity but under the parent company First West Credit Union. First West Credit Union has a board of directors who is responsible for developing the organizational strategy and business plan.
The board of directors at First West works closely with the leadership team who implements the organizational strategy. Throughout this report we will evaluate how First West Credit Unions organizational strategic impact the human resource strategy at Envision Financial and how strategic human resource planning is being utilized to ensure the long term success of the organization.
Organizational Strategy & Human Resource Strategy
Looking at the leadership team of First West Credit Union they have a President, vice-presidents of marketing, vice-president of services, CIO, CEO and CFO; however they clearly have no one on the team representing the human resources department. The local leadership team for Envision Financial is based out of Langley BC and consists of the President and three vice presidents but again no human resource representation. Without a voice from HR in the executive team they are likely allowing organization strategy to drive their human resource strategy.
First West current organizational