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News & Announcements2024 News
Connect First and Servus Credit Union announce inaugural board chair
Connect First and Servus Credit Union announced, today, that Perry Dooley has become the inaugural Chair of the Board of Directors for the newly merged entity. This follows the credit union’s first post-merger Board meeting at which Dooley was selected as Chair through an election process.
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.