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BlueShore Financial Credit Union (“BlueShore Financial”) and Beem Credit Union (“Beem”) are proposing to merge (the “Proposed Merger”).
We envision a future where financial wellness can be achieved by all. A future where our collective members continue to receive trusted and sophisticated financial advice, with their best interests at heart, across our beautiful province. A future with innovative solutions that make banking easy, all while providing the personalized attention that our members desire. A future where employees are empowered to grow their careers and grow with the credit union. A future where together, our best shines.
Together, leveraging our shared resources and expertise, we aspire to become the most people-first and digital-first credit union in the province. This means offering members the best of both worlds: a large network of branches and support centres across the province for personal and expert advice, combined with modern digital solutions to make banking effortless.
We believe that together, we will achieve our best.
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Benefits of the merger
By merging, BlueShore Financial and Beem can leverage their collective strengths to provide greater opportunities for employees, members and communities.
The merged credit union is committed to providing members with the same high-quality, personal advice that they receive today, and is expected to benefit members and communities through:
With assets under administration of $17 billion, creating one of the largest provincially regulated credit unions in Canada, we expect the merged credit union will have the scale to be more sustainable, competitive, and innovative, and be better able to invest in technology, products and services that benefit members.
Sixty-six branches, along with insurance offices, throughout Greater Vancouver, the Sea-to-Sky Corridor, the Fraser Valley and the Interior, and into Northern BC, which will allow members to do their banking wherever it is most convenient for them.
More support for local communities through community impact councils, with a goal of investing $9.5 million over five years in community initiatives. By 2025, the merged credit union plans to establish community impact councils to enhance community investment and engagement.
Competitive personal, business, commercial, insurance, and wealth management solutions and advice.
Beem is a growing organization with an eye on the future. As such, we believe there will be opportunities for employees to grow a satisfying career there, including the ability to apply for roles in more locations across the province.
BlueShore Financial
BlueShore Financial has been helping people achieve financial wellness for 83 years and today, it is one of the largest credit unions in British Columbia. With a branch network spanning the Lower Mainland and Sea-to-Sky Corridor, BlueShore Financial offers members expert advice and a full range of personal and business banking, wealth management, insurance and commercial lending solutions. With $5.7 billion in total assets on balance sheet and $1.8 billion assets in wealth management, BlueShore Financial is consistently ranked among the top 10 financial planning firms in Metro Vancouver.
BlueShore Financial believes in making a meaningful impact by contributing to the communities it serves through sponsorships, donations, financial literacy programs, and community partnerships.
Beem Credit Union
Beem’s history extends back more than eight decades, when its founding credit unions—Interior Savings Credit Union (“Interior Savings”) and Gulf and Fraser Fishermen’s Credit Union (“Gulf & Fraser”)—were formed. From its inception, the credit union has grown organically and through mergers to become the strong and thriving co-operative that it is today. With 160,000 members, 54 locations, and $10 billion in assets under administration, Beem focuses on providing advice tailored for each member and a full range of personal and business banking, investment, and insurance solutions.
Beem has a long history of supporting the communities that it serves through donations, sponsorships, employee volunteer programs, and many grant and sponsorship programs.
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| Years in Operation | 83 years | Since January 1, 2024 (but the founding credit unions—Interior Savings and Gulf & Fraser—have been operating since 1939 and 1940 respectively) |
| Assets under administration | Approximately $7 billion | Approximately $10 billion |
| Total Members | Approximately 33,000 members | Approximately 160,000 members |
| Number of Branches | 12 branches | 54 branches |
| Trade Area | Vancouver, North Shore, Sea to Sky Corridor | Across much of British Columbia, from downtown Vancouver to the Northern Rockies and the North Peace region |
| Total Employees | Approximately 370 employees | Approximately 1,000 employees |