Connect First Credit Union Ltd is a member-owned

financial institution Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial inst ...

based in Calgary,

Alberta Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Ter ...

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. On May 3, 2021, connectFirst Credit Union was born from the collective legacies of four credit unions which previously operated as a division of Connect First Credit Union Ltd: First Calgary Financial, Chinook Financial, Mountain View Financial and Legacy Financial. The organization was established in 1987 through the merger of seven open-bond

credit unions A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision ...

, 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. 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. connectFirst Credit Union is one of the largest and most successful credit unions in Canada - full-service financial institution with over $6 billion in assets under administration - and serves more 128 000 members across 41 branches in communities across Central and Southern Alberta. In addition to its 41 retail banking branches, it includes a Business Solutions Centre, a Commercial Banking group, Independent Business and Agriculture Group, a Dealer Services team and a locally based Contact Centre.

References

{{Canadian banks Credit unions of Canada Financial services companies based in Alberta Banks established in 1987 Companies based in Calgary 1987 establishments in Alberta