First Nations Bank of Canada

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First Nations Bank of Canada (FNBC) (French: La Banque des Premières Nations du Canada) is the first Canadian chartered bank to be independently controlled by Aboriginal shareholders. FNBC is a Schedule 1 Federally Regulated Bank in accordance with the Bank Act received its charter on November 19, 1996. The Bank headquarters are located in Saskatoon, Saskatchewan, Canada.

Video First Nations Bank of Canada

History

It began as a venture initiated by First Nations in Saskatchewan and was established in 1996 as a strategic alliance of the Saskatchewan Indian Equity Foundation , the Federation of Saskatchewan Indian Nations and TD Bank.

The Bank provides financial services to Aboriginal and non-Aboriginal customers with approximately 12,000 customer accounts as at December 31, 2016.

The Bank's primary focus is the on commercial customers in markets dominated by Indigenous Peoples, including Aboriginal businesses, Aboriginal Governments and Organisations and Non-Aboriginal Businesses serving Aboriginal markets.

The Bank also has a growing volume of personal loans and mortgages primarily focused in its growing branch network of 8 full service branches and 5 community banking centres in markets with significant numbers of Indigenous Peoples.

The Bank is Majority owned by 78 Aboriginal shareholders that hold, in aggregate, over 80% ownership interest in the shares of the Bank.

Maps First Nations Bank of Canada

Services

FNBC offers services focused on Aboriginal and non-Aboriginal customers:

Deposit accounts
Investments
Commercial Loans
Mortgages
Micro Loans
Cash Management
Credit Products
ABM access

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Operations

Corporate Offices:

Saskatoon, SK - Head Office

FNBC Branches:

Cree Nation of Chisasibi, Quebec
Iqaluit, Nunavut
Meadow Lake, Saskatchewan
Saskatoon, Saskatchewan
Walpole Island First Nation, Ontario
Winnipeg, Manitoba
Whitehorse, Yukon
Yellowknife, Northwest Territories

Community Banking Centres:

Buffalo River, Saskatchewan
Cree Nation of Nemaska, Quebec
Baker Lake, Nunavut
Pond Inlet, Nunavut
Kugluktuk, Nunavut

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Membership

FNBC is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of: