The journey begins 2024 Annual Report
A new credit union, 85 years of history. Beem is a new kind of credit union founded for British Columbians. We’re on a mission to keep banking local and create a future where financial wellness is achievable by all. Every decision at Beem is made in with local expertise and the goal of strengthening local communities.
For every British Columbian
Beem was formed by several credit unions coming together, knowing we could create something amazing with our combined resources. So, while Beem is new, it also has over 85 years of history in this province—a story that’s as unique as BC itself. By the end of 2024, we served 165,000 members and 54 branches across the province, giving Beem the largest geographic reach of any BC credit union.
2024 Annual Report and AGM
Annual general meeting
Our yearly gathering of an organization’s members, shareholders, or stakeholders.
View full AGM recording
2024 Annual report
A full report of all our initiatives, financial report and future. The journey begins here.
Read report
The Beem promise
Hear from our leadership and board about how we’re committed to financial wellness.
Watch video
Real members, real peace of mind
“I come in here and I’m welcome—personal service is important.”
George Pittman
Member since 1941
“Everybody is so friendly and helpful.”
Katrina Heinonen
Member since 1996
"When I go into the branch I feel we are with somebody that actually wants to grow with us."
Shannon Garraway
Member since 2003
“It’s that personal and caring connection that is so rare and valuable in the banking world."
Meredith Powell
Member since 2003
What it comes down to for me, is that I like the personal, local touch of my credit union—that matters to me. I like banking with people who know me and understand me.
Greg Reinhart
Beem member and Beem Community Council Member
“I come in here and I’m welcome—personal service is important.”
George Pittman
Member since 1941
“Everybody is so friendly and helpful.”
Katrina Heinonen
Member since 1996
"When I go into the branch I feel we are with somebody that actually wants to grow with us."
Shannon Garraway
Member since 2003
“It’s that personal and caring connection that is so rare and valuable in the banking world."
Meredith Powell
Member since 2003
What it comes down to for me, is that I like the personal, local touch of my credit union—that matters to me. I like banking with people who know me and understand me.
Greg Reinhart
Beem member and Beem Community Council Member
How it all began
Our story began at a table in the Okanagan in 1939, when a handful of hardworking British Columbians pooled their money (a grand sum of $96.50) and started Interior Savings.
At about the same time, a group of Lower Mainland fisherman started a credit union of their own to support each other and grow the local industry.
These humble but profound decisions set a movement in motion —the creation of financial institutions truly serving the needs of everyday British Columbians.
A strong, local credit union with modern aspirations
We asked, what should a modern credit union be? Let’s build that. Let’s not limit ourselves to certain business practices or technologies. Let’s question everything and make decisions based on what members need today, and what their kids and grandkids will need down the line. This led to big, bold decisions—like a new digital banking platform to roll out features, products and services with speed and ease.
A credit union built to last
“We united local credit unions to form a modern financial institution built for this province, with the size, technology, and vision to thrive.”
With Beem, you’ll continue banking at your local branch, working with the same local people who understand you and your community.
Plus, you’ll have the technology and services you deserve…whether you’re buying a home, saving for your children’s education, or running a business.
None of this would be possible without you, your trust, your belief in the credit union difference, and your commitment to something bigger than banking.
Doug Sweeting
Board Chair
Your credit union, future-ready
"With Beem, you’re part of something big. A movement. A future built for you.”
In 2024, we reimagined the concept of a credit union, creating an organization based on what British Columbians need today and will need in the future. We chose a path of total reinvention yet rooted in the traditional philosophy of people helping people.
Through the merger of Interior Savings and Gulf & Fraser, we laid the foundation for a new kind of credit union—one that responds quickly to members’ needs and anticipates needs they’re not even aware of yet.
Every decision we’ve made has been guided by a simple question: how can we better serve British Columbians, not just today but for generations to come?
Brian Harris
President & CEO
Defining Beem in 2024
Our strategy in action
“Our teams are most excited about seeing our strategy come to life.” Tara Collins, Chief of People and Culture Officer
Introducing our first Community Council
“We’re building our community strategy from the voices of our members.” Karen Hawes, our Chief Relationship Officer
Supporting our local communities
Continuing the good work of our local branches, we supported our local communities in 2024. We’re supporting education and youth programs.
Beem’s Million Dollar Bursary program
We’ve provided $1,000 education bursaries to 1,000 students across British Columbia.
Youth initiatives
We supported youth initiatives like Healthy Kids Week, Yes Camp and BC School Sports.
Family literacy programs
We sponsored family literacy programs throughout our regions
Local community investments
Our history of supporting local communities
$7.2M
contributed to funds and foundation investments since 1990
$5M
Distributed through the Million Dollar Bursary program since 2014
$2M
Distributed by Beem’s community investment fund since 2007
Supporting events that bring people together
See how we support our community in meaningful ways
A Way Forward Podcast
A mental health podcast presented by Beem and the Canadian Mental Health Association.
Lunar New Year in Lower Mainland
Celebrating the Year of the Dragon across the Lower Mainland.
Go by Bike Week
Beem supported Go By Bike Week
in Kamloops and Prince George.
Across the Lake Swim in Kelowna
We support the largest and longest continuously running open water swim event in Canada.
Beem Moonlight Movie Tour
With our support, the movie tour returned bigger and better in 11 communities throughout the province.
Overlanders Day in Kamloops
The Beem sponsored the ninth annual Overlanders Day in Kamloops—featuring the fan favourite weiner dog race.
Driving local change in 2024
More details, including a complete list of Foundations and Funds, can be found in Beem’s 2024 Community Investment Report.
$400K
Distributed by the Beem Foundation to empower individuals and build inclusive communities
$200K
Distributed by Community Funds and Foundations to support education social & economic impact
$906K
Of local donations and sponsorships distributed to support overall community well-being
For every journey
Beem exists because British Columbians know the importance of fair banking. We know it lifts individuals, families, small businesses and communities. We aim to help you to create your own version of financial wellness, however you define it. Because at Beem, we believe in financial wellness and peace of mind for you and your family. For your friends and your neighbours. For every British Columbian.
Corporate reports
2024 Governance Report
Board structure, policies, and oversight in 2024
2024 Management Discussion and Analysis Report
Executive insights into performance and strategy
2024 Consolidated Financial Statements
Full audited financial results for the fiscal year
2024 Community Investment Report
Impact and support for local communities in 2024
2024 Annual Report
Year in review: performance, people, and purpose
