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Yes, this CU is limited to those living in AB or moving to AB.
The CUDepositGuarantee Corp guarantees :

All deposit amounts are 100% guaranteed and include accrued interest to the date of payout. Deposit amounts include chequing and savings accounts, RRSP deposits, RRIF deposits, TFSA deposits, foreign currency deposits, and term deposits, including those with terms exceeding five years. The deposit guarantee does not cover non-deposit investments, examples of which include common shares, investment shares, mutual funds, and self-administered RRSPs that are not deposits.

JohnnyCash said

I never found any provincial residency requirement on their website, it may exist though. The maximum deposit limit is $100,000 and is guaranteed by the Alberta provincial government through the Credit Union Deposit Guarantee Corporation.

I just went through the somewhat lengthy online sign-up process and will await to see if the application is approved.  

I just called the CSR and was told differently. AB residency is required.
Also, there was no maximum deposit limit. Did you encounter the 100K limit during your registration process? Where did you see it? I specifically and pointedly asked the CSR to confirm the coverage and she did. Said that it was unlimited. This is an important point, if you found contradictory information.

Edit: Is this what you saw under the Terms and Conditions?

6. Bonus Interest is calculated daily at the current rate on each day’s full closing balance (up to a balance limit of $100,000) and paid monthly. Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly.

Edit2: You are correct. Only the first 100K enjoys the bonus 4.7% rate. Excess funds just get the "Regular Interest Rate paid on Eligible Deposits (0.75%)". Also, funds must be new money. Phew, that was a close call.

Just click on the username to see the profile. There's a link. I'm good with the disclosure.

1st Choice Savings & Credit Union currently rank 60th on the CCUA top 100 largest ... that's all I know. Is there any local in the audience ?

ASAPP OXP said
Good afternoon, ASAPP OXP (ASAPP Financial Technology Inc.) is a Canadian account origination software vendor (we actually utilize Flinks technology as one of our identity verification partners). 1st Choice Savings is a customer of ours and we thought this innovative product that they launched would be of interest for this Forum.  

Slightly off topic, I imagine you're quite familiar with Flinks and can perhaps go into some detail as to how secure it is for clients? There is a prevailing inclination by many to avoid utilizing Flinks due to the perception that their data ( login credentials) are at risk when inputting sign in details for external banks.

Loonie said
You can't expect this person, who makes a living from working with Flinks, to give an unbiased appraisal of Flinks security.
 

True enough, I was not so much looking for an appraisal, more so trying to get some insight into how Flinks functions in respect to security of clients credentials. I'm sure the OSFI would have shut them down by now if there was a unacceptable risk, or illegal behavior, at least I would hope so.

Loonie said
And the big banks have warned their customers not to give Flinks their access info.  

I was unaware the big banks have warned their customers not to give Flinks their access info. I have not received anything from my big bank that I remember. Did you receive this warning in writing from your big bank?

Financial institutions will take every opportunity to try and pass the blame for any security compromise onto the client. For example, if you try to help a parent log onto their banking system via the computer, they will try to place the blame for any security problem on the user and say that if you knew their credentials, then they likely disclosed them to others, too.

I would not put it past the banks to actually want clients to use the FLink system, at some time. That way, if there ever was a breach, they could claim that, at some point, you self-compromised your credentials. It will not matter if you changed the PW afterwards, the fact that you gave something to FLinks will be all that they feel necessary to say that you are the security risk and thereby refuse to accept any responsibility for the breach.