The Ladysmith & District Credit Union has opened its new branch location at the Oyster Bay development.
“We’ve worked very hard to establish some close ties with the community and we’re demonstrating that we’re there for partnership.,” said LDCU CEO John de Leeuw.
Located at the intersection of Oyster Sto’Lo Road and the Trans-Canada Highway, the 18.5 acre commercial site will include a grocery store, restaurant, micro-hotel and office space. Residential development is also planned.
LDCU’s branch officially opened its doors in mid-December and has three employees.
De Leeuw said businesses in Cedar have benefitted from the new location and existing customers can access their accounts as well.
LDCU is offering financial literacy seminars as a service to First Nations.
“It’s an opportunity for us to be part of the foundation of the new town as they’re calling it,” he said.
“We’re looking to answer the financial needs of First Nation communities and help in any way that we can.”