Community Savings

> > > History

History

Community Savings, a dynamic financial institution providing services throughout Alberta, came about from the growing together of four progressive and successful credit unions.

	Community Credit Union
April 2008	West Lethbridge Branch opened in Lethbridge
March 2008	Community Savings members voted in favor of amalgamating with Common Wealth and Servus Credit Union at a Special General Meeting Blackfoot Branch opened in Calgary Redcliff Branch opened in new location
January 2008	$2.7 billion in assets $14.5 million cash back through Profit Sharing Ponoka Branch opened in new location
April 2007	Taylor Plaza Branch opened in Red Deer
January 2007	$2.4 billion in assets $14.2 million cash back through Profit Sharing
November 2006	Ukrainian (Calgary) Savings & Credit Union (UCU) amalgamates with Community Credit Union, November 16. UCU was founded May 25, 1960.
June 2006	Elnora Branch opened in new location
April 2006	Community Savings recieved the 2006 Credit Union of the Year Award for Outstanding Performance.
March 2006	Southview Branch opened in Medicine Hat
January 2006	$2.0 billion in assets $13.8 million cash back through Profit Sharing Murray Haubrich appointed President and CEO after 5 years as Executive Vice President.
November 2005	Scenic Drive Branch opened in Lethbridge
January 2005	$13.1 million cash back through Profit Sharing Alberta Venture's 23rd fastest growing company $1.8 billion in assets
September 2004	Innisfail Branch opened in new location
July 2004	CEO, Herb Der, named as one of Alberta's 50 Most Influential People.
June 2004	Okotoks Branch opened
February 2004	Community Savings was the Platinum sponsor of the Scott Tournament of Hearts. CEO, Herb Der, named as Chair of Red Deer College.
November 2003	Pioneer Credit Union (PCU) in High River merged with Community Savings effective November 1. PCU had one branch located in High River with 4,600 members and $65 million in assets. Incorporated as High River Pioneer Savings and Credit Union on March 31, 1941, later changing its name to Pioneer Credit Union on July 25, 1979.
October 2003	Credential announced as new wealth management partner Renovated Redcliff Branch Renovated Deer Park Branch
September 2003	Big Valley Service Outlet opened
August 2003	Renovated Plaza Branch
July 2003	Community Savings hit 1.5 billion in assets
June 2003	Rimbey Branch Grand Opening
January 2003	South Hill Branch Grand Re-opening in Red Deer. Business Banking Centre moved to South Hill Branch, formerly located in the Parkland Square building. Business clients are now included in profit sharing, with the account usage bonus.
November 2002	Imaged cheques were introduced for online viewing. In response to feedback from business clients, Commercial Account Packages were introduced.
August 2002	Community Savings commits $1 million in interest free loans to local ag members through its FEAD (Farmers Emergency Aid Distribution) program.
May 2002	Five pilot "Community Councils" started in the communities of: Delburne, Crowsnest Pass, Medicine Hat, Ponoka and Red Deer. The Councils are a conduit for the community members to be a voice/resource to the Board and Management.
April 2002	South Hill branch temporarily relocated to facilitate extensive renovations to increase the size of the branch. Crowsnest Pass branch opened in new location Contact Centre launched for improved member phone service
March 2002	Bashaw Cheese Plant announced plant closure. Community Savings responded by facilitating an open house for the employees by bringing together a number of speakers for employees to gather information and ask questions about future employment opportunites. This included business start ups, training and education programs, pension plans and general financial planning
January 2002	Launched online applications for RRSPs and loans
November 2001	Service Outlet opened in Empress, following the departure of the last charter bank in the community
September 2001	Bow Island branch re-opened expanded branch facilities
April 2001	Online trading introduced to members through Credential Direct CEO, Herb Der, leads Red Deer College capital campaign to exceed the $6 million target by $900,000 Regional Offices expanded to include Ag and Commercial specialists
November 2000	New name, new logo $1 billion in assets 4 Regional Offices established Bentley Branch opened in new location
	November 1, 2000 - Merger to form Community Savings
	Parkland Savings & Credit Union	Crowsnest Pass Credit Union	Ponoka Savings & Credit Union	Community Credit Union
2000	New building for the Lacombe and Bentley Branches; Renovations to Alix Branch			Bow Island and CFB Suffield Branches opened
1999	Business Banking Centre introduced; $700M assets	$16M assets	$34M assets	$190M assets
1998	Online Banking added; $500M assets	Website introduced with Online Banking		Website introduced with Online banking
1997	Series "A" Investment Shares offered		TeleService added
1995	Website introduced	TeleService & Telepay service added	$25M assets	TeleService & Telepay service added
1994	Deer Park branch opened; $300M assets			Corporate name changed to Community Credit Union
1993	Interac service available	ATM service added	MasterCard introduced
1991				$100M assets
1990	$200M assets	Coleman Savings & Credit Union and Blairmore Savings & Credit Union combine to form Crowsnest Pass Credit Union; $10M assets		Heritage Club introduced
1989	TeleService added
1988	Elnora, Delburne and Three Hills Branches opened; first drive thru teller added to North Hill Branch	Interac and MasterCard implemented
1987		$6M assets	ATM service added	Medicine Hat Mall and Co-op Branches amalgamated
1986				Name changed to Community Credit Union
1984			Mirror Branch closed
1983	MasterCard II Payment card released
1981	New Administration and Branch at Parkland Square			$50M assets
1980		$3.5M assets	New building for Administration and Branch in Ponoka	Medicine Hat Mall Branch opened
1979	$100M assets; Opened Sylvan Lake Branch; First ATM		$15M assets	First ATM installation
1978	Bentley, Alix, and North Hill Branches opened		Mirror Branch opened
1977			Bashaw Branch opened	Redcliff Branch opened
1976	New Administration offices; Branches added at South Hill and Rimbey
1975	$13M assets		$5M assets	Crescent Heights Branch opened
1974				Co-op Branch added; $5M assets
1973		New building; $1.5M assets
1971	Elnora Savings & Credit Union moved to new location		$1M assets
1970	$1M assets		First building
1969	Red Deer Community Savings merged with Red Deer Co-op Credit Union to form Parkland Savings & Credit Union; Admininstration and Branch located at Plaza		Ponoka Savings & Credit Union merged with Ponoka Mental Hospital Savings & Credit Union	Name change to Medicine Hat Savings & Credit Union
1968	Innisfail Branch opened			$1M assets
1967				Merged with Bow Island Savings & Credit Union
1965	Red Deer Community Credit Union merged with Red Deer Co-op Savings and Credit Union Ltd. March 22
1964	Red Deer Co-op Savings and Credit Union Ltd. on December 16
1962	Elnora Savings & Credit Union Incorporated
1960	$100,000 assets			The Hatter Savings & Credit Union merged with Medicine Hat Co-op Savings & Credit Union, name changed to Co-Hat Savings & Credit Union on May 24
1959				The Hatter Savings & Credit Union merged with South East Alberta Dutch Savings & Credit Union September 11
1956				South East Alberta Dutch Savings & Credit Union founded August 9
1954				Hatters Savings & Credit Union founded March 8
				Bow Island Savings & Credit Union Ltd. founded May 26
1953				Medicine Hat Co-op Savings & Credit Union founded June 30
1949		Coleman Savings & Credit Union founded March 3
1947			Ponoka Savings & Credit Union founded May 2
1944	Red Deer Community Savings & Credit Union founded November 16	Blairmore Savings & Credit Union founded April 15
1942			Ponoka Mental Hospital Savings & Credit Union founded June 18

Disclaimer | Site Map