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News & AnnouncementsLatest news
Servus and connectFirst credit unions announce historic merger will proceed
In a landmark move for cooperative banking in Alberta, Servus and connectFirst credit unions proudly announce that their merger closed on May 1. This announcement follows approval from the Credit Union Deposit Guarantee Corporation and more than 84 per cent of each credit union’s membership.
Servus begins fiscal year with strong financial performance and growth
Servus Credit Union Ltd. (Servus) continued its strong growth trend with assets reaching $20.6 billion, up $1.8 billion (9.8%), compared to the first quarter of 2023. Coupled with a 182.0% increase in net earnings to $23.1 million, Servus is off to a solid start to the fiscal year.
Servus sees stellar growth and solid financial results in 2023
Servus Credit Union Ltd. (Servus) reported another year of strong financial performance and record growth, despite the economic volatility of this past year.
Servus Credit Union pays $68.1 million to members from profits, spreading early holiday joy
Servus Credit Union shared $68.1 million from its profits with members across the province yesterday. The credit union has been seeing steady growth in 2023 that enabled another year of record-setting profit payout.
connectFirst Credit Union and Servus Credit Union members approve merger
Members of connectFirst and Servus have approved the proposed merger of their two credit unions. At connectFirst Credit Union’s Special General Meeting, held on November 9, 2023, members voted 85% in favour of the merger.
Servus Credit Union continues its upward asset growth trajectory
Servus Credit Union Ltd. (Servus) continued its growth trajectory in its third quarter of 2023, reaching $19.8 billion in assets – up $1.6 billion (9.2%) from the same period last year.
Servus Credit Union achieves over $1 billion in asset growth year-over-year
Servus Credit Union Ltd. (Servus) continued to report record growth in its second quarter of 2023, having reached $19.1 billion in assets, up $1.2 billion from the same period last year.
Alberta farmer-power engineer named next Servus millionaire
Levi Ryl, a 27 year-old farmer and power engineer based in Athabasca, AB, saw one million dollars deposited into his account earlier this morning. Alberta's newest millionaire is the winner of the 2023 Servus Big Share™ contest by Servus Credit Union.