The Impact Report highlights the ongoing contributions of Alberta credit unions to our provincial economy, credit union members, and the local communities in which they operate.
Report Highlights:
Effective as of December 31, 2022
- In Alberta, our financial co-operative community consists of 609,746 members, 14 credit unions, 196 branches and 3,246 employees.
- $84 million was shared with members across Alberta through patronage and dividends in 2021.
- Credit unions supported their members and local communities by administering $643 million in CEBA loans, and over $58.8 million in HASCAP loans.
- Alberta credit unions serve more than 6,700 small and medium size business (SME) members, with more than 33% of SME members identifying as women or racialized person.
- Credit unions are focused on all Alberta communities, both big in
- In 15 communities across the province, credit unions are the only financial institutions.
- In 2022, Alberta credit unions:
- Donated more than $902,000 to charities and other community groups.
- Awarded more than $235,000 in sponsorships.
- Gave away more than $70,000 in scholarships to high school and postsecondary students from 10 credit unions.
- Volunteered more than 3,000 hours by credit union employees.
Download and read the full Impact Report here!