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.

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Media Contacts:
Alison Archambault
Director, Brand & Stakeholder Engagement
Connect First Credit Union
403.473.3676
aarchambault@connectfirstcu.com


Megan Douglas
Manager, Brand & Stakeholder Engagement
Connect First Credit Union
403.988.0903
mdouglas@connectfirstcu.com

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