Tuesday, January 26, 2016

New competition to come for the Northwest Financial sector

A financial services institution from
Northeast BC is looking west for
its expansion plans
There could soon be one more resource available for Northwest residents to make use of when it comes to financial services in the region, with plans in the works to expand the services offered by the North Peace Savings and Credit Union into this corner of the province.

The expansion announcement from the Fort St. John based institution, was released yesterday through their website, with the financial group announcing its goal to become the preferred financial institution among small and medium sized enterprises and residents in the region.

The full outline of the level of service that they plan to offer to the area wasn't provided as part of the Monday announcement, though there will be a local Business Account Manager available to help customers when it comes to their financial needs, with residents or the region to gain access to the North Peace range of Business and Personal banking services.

There was no indication as to where that Business Account Manager would be located, or what form of structure customer services would take as the institution makes its move into the Northwest.

North Peace Savings and Credit Union recently expanded their financial footprint into the Dawson Creek area, the shift to the Northwest of this week signals to the financial services sector that they have a larger corporate vision planned, as they look to expand their customer base across the North.

The Alaska Highway News offered up a bit of background on that focus on the Northwest, indicating that the company had done research that noted a strong market need for their services, particularly in the self employed and small business sectors.

No timeline as to the launch of the new financial service to the region was provided in the Monday announcement.

For more items related to commercial sector developments in the Northwest see our archive page here.

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