Servus Credit Union reports strong financial results after merger with connectFirst

financialpost.com February 5, 2025, 03:01 PM UTC

Servus Credit Union, formed from the merger with connectFirst, ended its fiscal year with total assets of $29.3 billion and assets under management of $37.6 billion. The merger, completed on May 1, 2024, has positioned Servus as one of Canada's largest credit unions. The credit union reported increased loans and deposits, reflecting its strong financial health. Servus also launched a new online and mobile banking platform, enhancing services for over 600,000 members in Alberta. In December 2024, Servus distributed $88 million in profits to its members. The organization operates more than 140 branches across Alberta, providing a range of financial services.


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