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Connect First Credit Union and Legacy Savings & Credit Union Ltd Announce Plans To Merge

Jul 31, 2017 Calgary, AB — The Boards of Legacy Savings & Credit Union Ltd. and Connect First Credit Union Ltd. have unanimously agreed to amalgamate, subject to regulatory and membership approval. Legacy Financial will be Connect First’s third distinct operating division, joining First Calgary Financial and Chinook Financial.
 
Connect First Credit Union currently serves 100,000 members across 26 locations in 13 southern Alberta communities, and through the merger will add Legacy’s 4,000 members and two Calgary locations to the credit union’s operations.
 
“Helping members is what our credit unions are all about”, says Rod Anderson, General Manager of Legacy Savings & Credit Union Ltd. “We share similar values and goals with Connect First and through this amalgamation we will be able to provide expanded products and services to our members, coupled with the same outstanding service they’ve come to expect from us over the past 70 years.”
 
“We’re looking forward to welcoming Legacy’s members, and enhancing their banking experience through new technology, products, and services,” says Paul Kelly, CEO of Connect First Credit Union.
 
Legacy Savings & Credit Union Ltd. members will be asked to vote on the amalgamation at a membership meeting on August 15, 2017.
 
About Connect First Credit Union and Legacy Savings & Credit Union Ltd:
 
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 Canada’s tenth largest credit union, with over $5 billion in assets under administration. It serves 100,000 members through 26 branches in 13 communities across southern Alberta, under the Chinook Financial and First Calgary Financial brands.
 
Legacy Savings & Credit Union Ltd has a proud 70-year history of members helping members, and currently serves 4,000 members through two locations in Calgary. It operates solely to provide financial products and services to current and retired employees, those training for employment, and all family members of the following organizations:
 
All permanent, part-time, and contract employees of The City of Calgary including:
  • Calgary Fire Department
  • Calgary Police Services
  • Calgary Emergency Medical Services
  • Enmax Corporation
  • Calgary Transit
  • Palliser Hotel
  • CP Rail
  • EnCana Corporation
  • Fording Canadian Coal Trust
  • Fairmont Hotels and Resorts Inc.
  • Legacy Hotels REIT Units
  • Employees of Alberta Central
 
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MEDIA CONTACTS:
Alison Archambault
Director, Brand and Stakeholder Engagement
Connect First Credit Union
403.473.3676
aarchambault@connectfirstcu.com
 
or
 
Megan Douglas
Brand & Communications Manager
Connect First Credit Union
403.988.0903
mdouglas@connectfirstcu.com
 
and
 
Rod Anderson
General Manager
Legacy Savings & Credit Union Ltd
403.265.6050
rod@legacysavings.com