Cooperatives Wiki

Template:Infobox Company Island Savings is a credit union serving Vancouver Island and Saltspring Island in British Columbia, Canada[1]. It has 40,000 members[2] and assets of more than $1 billion[3].

Organizational Structure[]

As a credit union, Island Savings is accountable to its members, who are also its shareholders. An elected Board of Directors governs the credit union[4], while the President and Chief Executive Officer is responsible for managing the organization[5]. Reporting to the President and CEO is the Executive Team[6].

Island Savings Insurance Services[]

Island Savings' subsidiary, Island Savings Insurance Services Ltd., opened in 1983[7]. It offers insurance coverage to both Island Savings' members and non-members[7]. Current available coverages include:[7]

  • Automobile
    • ICBC
    • private auto
    • emergency roadside
    • excess third-party liability
    • collision
  • Life & Disability
    • life
    • disability
    • long-term care
    • critical illness
  • Home & Contents
    • tenant
    • homeowners
    • condos
    • mobile homes
    • vacation homes
    • My Home Complete (appliances)
  • Recreational Vehicles
    • motorhomes
    • RVs
    • marine
    • watercraft
    • ATVs
    • travel trailers
    • campers
  • Travel
    • medical
    • trip cancellation/interruption
    • baggage loss/delay/dammage
    • childcare
  • Business
    • commercial property
    • home-based
    • farm
    • liability
    • errors/omissions

Community Branches[]

Island Savings has 13 branches and 10 insurance agencies, located in:

  • Victoria (Mayfair Mall, Douglas & Broughton, Brentwood Bay, West Shore)
  • Shawnigan Lake
  • Mill Bay
  • Duncan
  • Lake Cowichan
  • Chemainus
  • Ladysmith
  • Nanaimo (Woodgrove)
  • Cedar
  • Salt Spring Island


Island Savings in the News[]

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External links[]

References[]

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