First Calgary Savings
Encyclopedia
First Calgary Financial is a member-owned financial institution
based out of Calgary
, Alberta
, Canada
. The organization was established in 1987 through the merger of seven open-bond credit unions, 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.
With over $2.5 billion CAD
in assets under administration and nearly 80,000 members (as of October 31, 2010), First Calgary Financial is the second-largest credit union in Alberta. In addition to its 16 retail banking branches, including a Business Solutions Centre, First Calgary Financial also offers 13 one2one Financial Consulting centres, a Commercial Banking group, a Dealer Services team, a locally-based Contact Centre and Just Financial.
Financial institution
In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...
based out of Calgary
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. The organization was established in 1987 through the merger of seven open-bond credit unions, 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.
With over $2.5 billion CAD
Canadian dollar
The Canadian dollar is the currency of Canada. As of 2007, the Canadian dollar is the 7th most traded currency in the world. It is abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies...
in assets under administration and nearly 80,000 members (as of October 31, 2010), First Calgary Financial is the second-largest credit union in Alberta. In addition to its 16 retail banking branches, including a Business Solutions Centre, First Calgary Financial also offers 13 one2one Financial Consulting centres, a Commercial Banking group, a Dealer Services team, a locally-based Contact Centre and Just Financial.