2014 Year End Reults - Chinook Credit Union

For Immediate Release
December 15, 2014
Chinook Credit Union finishes fiscal 2014 with strong results and shares a 5% dividend with
Brooks, AB – Chinook Credit Union finished fiscal 2014 with its best financial results in corporate
history and shared a 5% dividend with members.
Total loans grew by $15 million, reaching just under $729 million. The book of business, which includes
loans, deposits, off balance sheet loans and wealth management funds, grew $55 million throughout the
year, reaching just over $1.7 billion! Total net earnings from operations, before taxes was $4.9 million
for fiscal 2014.
Chinook Credit Union’s dividend program shared a 5% dividend payment on common shares, or $2.2
million, with members.
“2014 was an historic year for Chinook Credit Union, culminating the amalgamation with First Calgary
Financial to create Connect First Credit Union,” said Connect First Credit Union CEO, Paul Kelly. “I’m
really humbled by our members’ overwhelming, and continued, support for the credit union and our
recent amalgamation, as well as the hard work all of our employees do every day to show the ‘Chinook
way’ in every interaction.”
Chinook Financial (formerly Chinook Credit Union) is a division of Connect First Credit Union.
Chinook Financial has 11 retail branches in 15 communities across southern Alberta with 200 employees
serving 20,000 members. Over the past 75 years, Chinook Financial has grown from its modest
beginnings in the agricultural industry to the leading financial institution in the communities it serves.
More information about Chinook Financial is available at chinookcu.com.
- 30 Media Contact: Alison Archambault
Director, Communications & Stakeholder Relations
Connect First Credit Union
Ph: (403) 736-4015, Cell: (403) 473-3676
Email: [email protected]