Bridgewater Bank
Encyclopedia
Bridgewater Bank is a Canadian Schedule I chartered bank, with its headquarters located in Calgary, Alberta, Canada. Wholly owned by the Alberta Motor Association
(AMA), the bank offers mortgages, guaranteed investment certificates (GICs) and is a MasterCard
provider to members of the Canadian Automobile Association
(CAA) clubs across Canada.
Operating in all Canadian provinces except Quebec
, Bridgewater Bank manages a portfolio of over $3.5 billion, representing over 66,000 accounts. In business since 1997, Bridgewater Bank received its bank license in January 2006. Bridgewater Bank is regulated by the Office of the Superintendent of Financial Institutions
(OSFI) and is a member of the Canada Deposit Insurance Corporation
(CDIC) and the Canadian Payments Association
(CPA).
Bridgewater Bank is a member of various industry organizations, including: Canadian Bankers Association
, Registered Deposit Broker Association (RDBA), Canadian Association of Accredited Mortgage Professionals (CAAMP), Mortgage Brokers Association of BC (MBABC), Alberta Mortgage Broker Association (AMBA), Independent Mortgage Brokers Association of Ontario (IMBA) and the Alberta Contact Centre Association (ACCA).
Alberta Motor Association
The Alberta Motor Association is a non-profit membership organization serving Alberta and the Northwest Territories. The organization, founded in 1926 and headquartered in Edmonton, is affiliated with the Canadian Automobile Association and the AAA and had 855,000 members as of October 2008...
(AMA), the bank offers mortgages, guaranteed investment certificates (GICs) and is a MasterCard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
provider to members of the Canadian Automobile Association
Canadian Automobile Association
The Canadian Automobile Association , commonly known as CAA, is a non-profit federation, founded in 1913, of nine clubs across Canada, providing roadside assistance service, a complete range of auto touring and leisure travel services, insurance services, and member discounts with preferred...
(CAA) clubs across Canada.
Operating in all Canadian provinces except Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
, Bridgewater Bank manages a portfolio of over $3.5 billion, representing over 66,000 accounts. In business since 1997, Bridgewater Bank received its bank license in January 2006. Bridgewater Bank is regulated by the Office of the Superintendent of Financial Institutions
Office of the Superintendent of Financial Institutions
The Office of the Superintendent of Financial Institutions is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system"...
(OSFI) and is a member of the Canada Deposit Insurance Corporation
Canada Deposit Insurance Corporation
-External links:*** Official CDIC site*...
(CDIC) and the Canadian Payments Association
Canadian payments association
The Canadian Payments Association is a not-for-profit organization that:*operates and maintains national systems for the clearing and settlement of payments and other arrangements for the making or exchange of payments;...
(CPA).
Bridgewater Bank is a member of various industry organizations, including: Canadian Bankers Association
Canadian Bankers Association
The Canadian Bankers Association is a financial lobbying group that works on behalf of 52 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 267,000 employees. The CBA was organized in Montreal in 1891, making it one of Canada’s oldest interest...
, Registered Deposit Broker Association (RDBA), Canadian Association of Accredited Mortgage Professionals (CAAMP), Mortgage Brokers Association of BC (MBABC), Alberta Mortgage Broker Association (AMBA), Independent Mortgage Brokers Association of Ontario (IMBA) and the Alberta Contact Centre Association (ACCA).