Connect First Credit Union Announces 2017 Year End Results

December 12, 2017

Connect First Credit Union has posted its strongest year-end financial results in corporate history.

Net income grew 13% to $18.1million in fiscal 2017. Total assets grew 4.7% to $4.5 billion. Total loans increased by $151.2 million to $3.8 billion. Member deposits grew by $97.8 million to $3.9 billion. Connect First Credit Union’s book of business managed on behalf of its members was approximately $9 billion on October 31, 2017.

On November 1, 2017, Connect First Credit Union welcomed Legacy Financial to its family of brands. The credit union also shared $11.5 million in ownership dividends with members in 2017.

Key recognition included:

  • Credit Union of the Year (2017)
  • Top Employer in Alberta
  • Best Managed Company in Canada

“These strong results are a direct result of our over 600 employees living our values on a daily basis”, said Paul Kelly, CEO at Connect First Credit Union. “Our mission to Make Money Make a Difference has never been more relevant than now”.

About Connect First Credit Union
Connect First Credit Union offers its members a full range of financial products and services through trusted local brands and a community-focused approach to banking. Connect First Credit Union is Canada’s tenth largest credit union, with over $4.5 billion in assets under administration. It serves 104,000 members through 29 locations in 14 communities across southern Alberta, under the Chinook Financial, First Calgary Financial and Legacy Financial divisions.


Media Contacts:
Alison Archambault
Director, Brand & Stakeholder Engagement
Connect First Credit Union

Megan Douglas
Manager, Brand & Stakeholder Engagement
Connect First Credit Union