May 26, 2015
Calgary, Alberta – Connect First Credit Union announced strong results in its second quarter of operations, reporting income before taxes of $10.5 million for the first six months of fiscal 2015.
Total assets rose by $184.2 million through the first six months to $4.0 billion. Total loans grew by $165.7 million through the first six months to $3.4 billion as of April 30, 2015. Member deposits grew by $175.6 million to $3.6 billion. Connect First Credit Union’s book of business managed on behalf of its 100,000 members was up approximately 5.5% from year end to $8.2 billion on April 30, 2015.
“Our First Calgary Financial and Chinook Financial brands and our unique operating model are really resonating in Calgary and southern Alberta,” said CEO Paul Kelly. “This has translated into exceptional growth and support from our members and local communities”.
Connect First Credit Union offers its members a full range of financial products and services and the branch network of a large financial institution, while retaining its trusted local brands and continuing its community-focused approach to banking. Connect First Credit Union is one of Canada’s ten largest credit unions, with over $5 billion in assets under administration. It serves 100,000 members through 27 branches in 15 communities across southern Alberta, under the Chinook Financial and First Calgary Financial brands. For more information visit connectfirstcu.com.
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