First Calgary Financial

First Calgary Financial is a member-owned financial institution based out of Calgary, Alberta, Canada. The organization was established in 1987 through the merger of seven open-bond credit unions, as well as two additional credit union purchases. The first member-owned credit union that would eventually become First Calgary Financial was founded in 1938.

First Calgary Financial
TypeCredit Union
IndustryFinancial services
Founded1938
Headquarters
Calgary, Alberta
,
Canada
Key people
Paul Kelly, President and CEO
Revenue$123.2 million CAD (2009) [1]
$6.6 million CAD (2009) [1]
Total assets$2.5 billion CAD (2010) [2]
Number of employees
490 (2010)
Website

With over $2.5 billion CAD in assets under administration and nearly 80,000 members (as of October 31, 2010), First Calgary Financial is the second-largest credit union in Alberta. In addition to its 16 retail banking branches, including a Business Solutions Centre, First Calgary Financial also offers 13 one2one Financial Consulting centres, a Commercial Banking group, a Dealer Services team, a locally based Contact Centre and Just Financial.

On October 26, 2014, it was announced that First Calgary Financial will merge with Chinook Credit Union to form Alberta's second largest credit union under the name Connect First Credit Union, serving 100,000 members across 27 branches in 14 communities across Southern Alberta.[3]

References
  1. First Calgary 2009 Annual Report
  2. - Second Quarter Report 2010
  3. https://www.firstcalgary.com/ab/firstcalgary/SharedContent/documents/Corpcomm/CFCU_Merges_2014.pdf
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