"We believe our newly expanded relationship with Qtrade will enable us to focus on one of our key priorities - delivering the very best wealth management services to our members," said Harley Biddlecombe, Valley First president and chief executive officer.

Valley First said it is one of the largest credit unions in British Columbia, western Canada, with $1.7 billion in assets under administration, 45,000 members and more than 400 employees. Qtrade, meanwhile, was founded in 1999 and serves 180 financial institutions in Canada.