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News & Announcements2024 News
Connect First and Servus Credit Union Ltd. Shares $88 Million in Profits with Members in Year of Historic Merger
Connect First and Servus Credit Union Ltd. (CFSCU) has announced its first profit share payout following their historic merger on May 1, 2024.
Connect First and Servus Credit Union begins a new era benefiting from merger
Following the historic merger between Servus and connectFirst Credit Unions, the newly created Connect First and Servus Credit Union Ltd. (CFSCU) is marking its first reporting period with sound financial health. The merger was finalized on May 1, 2024.
Servus Credit Union announces donations to support Jasper Wildfire Relief
Servus Credit Union is announcing a donation of $30,000 for relief and recovery efforts to support the Town of Jasper and surrounding communities following the wildfires that devastated the region in July 2024, and which continue to burn.
Servus marks second quarter with continued strong performance ahead of historic merger
Following several consecutive quarters of strong performance and growth, Servus Credit Union Ltd. (Servus) achieved significant asset growth in its second quarter of fiscal 2024, reaching $21.1 billion in total assets, up 10.5% from the same period last year.
Retired Calgary truck driver named next Servus millionaire
Keith Ogston, a 73-year-old retired truck driver based in Calgary, AB became the city's newest millionaire this morning. As the winner of the 2024 Servus Big Share® contest, he saw $1 million deposited into his Servus Credit Union (Servus) account.
Recently merged credit unions celebrate over 20 years as Canada's Best Managed Companies
connectFirst and Servus credit unions have each been recognized as recipients of the prestigious Canada's Best Managed Companies award and as members of the Platinum Club, which recognizes winners that have maintained their Best Managed status for seven years or more.
Connect First and Servus Credit Union announces new C-Suite team
Connect First and Servus Credit Union announced, today, the makeup of the Executive Leadership team for the newly merged entity, comprised of seven C-Suite executives from the predecessor organizations.
Connect First and Servus Credit Union announces 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.