Servus Credit Union

Servus reaches key milestone while positioning for the future

Retrieved on: 
Friday, September 23, 2022

"As we continue reimagining financial fitness, Servus remains steadfast in our focus on building a credit union that will grow and thrive for years to come."

Key Points: 
  • "As we continue reimagining financial fitness, Servus remains steadfast in our focus on building a credit union that will grow and thrive for years to come."
  • In staying committed to reimagining financial fitness, Servus remains deeply loyal to its members as they manage their commitments under changing economic tides.
  • About Servus Credit Union Ltd.
    Servus Credit Union is ranked #1 in Canada on Forbes' list of World's Best Banks in 2022.
  • At Servus Credit Union, we've been shaping the financial fitness of Albertans for over 80 years with a full line of secure financial services.

Servus Credit Union second quarter results show $1.1 billion earnings increase

Retrieved on: 
Wednesday, June 29, 2022

EDMONTON, Alberta, June 29, 2022 (GLOBE NEWSWIRE) -- Servus Credit Union Ltd. (Servus) wrapped the second quarter of the 2022 fiscal year with the following results, as compared with the corresponding period in the 2021 fiscal year:

Key Points: 
  • EDMONTON, Alberta, June 29, 2022 (GLOBE NEWSWIRE) -- Servus Credit Union Ltd. (Servus) wrapped the second quarter of the 2022 fiscal year with the following results, as compared with the corresponding period in the 2021 fiscal year:
    Net income is down 15% due to fluctuations to credit loss recoveries.
  • As Servus watches Alberta's political and economic landscape shift dynamically during these times, credit losses are expected to normalize.
  • About Servus Credit Union Ltd.
    Servus Credit Union is ranked #1 in Canada on Forbes' list of Worlds Best Banks in 2022.
  • At Servus Credit Union, we've been shaping the financial fitness of Albertans for over 80 years with a full line of secure financial services.

Albertans save a total of $400M during Servus Big Share™ Contest, one wins $1M

Retrieved on: 
Friday, June 17, 2022

As the first of its kind in Canada, The Servus Big Share Contest offers individuals, businesses, and non-profits the chance to earn an entry for every $500 increase to their savings balances at Servus.

Key Points: 
  • As the first of its kind in Canada, The Servus Big Share Contest offers individuals, businesses, and non-profits the chance to earn an entry for every $500 increase to their savings balances at Servus.
  • "We hope that everyone who participated in Servus Big Share feels good about the money they saved over the contest period.
  • The one-million-dollar winner of this year's Servus Big Share Contest are Weithold and Irma Luck, residents of Edmonton.
  • All Servus members earn Profit Share Rewards cash based on the amount of business they do with the credit union.

Alberta Computers for Schools Pleased to Count on the Support of Servus Credit Union as a Technology Donor

Retrieved on: 
Wednesday, April 20, 2022

"Donating technology is another way that Servus is helping to reduce our carbon footprint and support Albertans to improve their financial fitness, said Ian Burns, President and Chief Executive Officer, Servus Credit Union.

Key Points: 
  • "Donating technology is another way that Servus is helping to reduce our carbon footprint and support Albertans to improve their financial fitness, said Ian Burns, President and Chief Executive Officer, Servus Credit Union.
  • A lack of access to technology affects not only academic performance, labor market success, but the health of our communities.
  • We encourage all companies to think sustainably and donate their end-of-cycle technology to organizations like Alberta Computers for Schools."
  • "Servus' support will positively impact communities across Alberta and help us provide affordable technology access, employment opportunities for youth and enhanced digital skills," added Ms.

Servus Credit Union is ranked #1 in Canada on Forbes’ World’s Best Banks list

Retrieved on: 
Thursday, April 14, 2022

EDMONTON, Alberta, April 14, 2022 (GLOBE NEWSWIRE) -- Servus Credit Union ranks #1 in Canada on the Forbes list of Worlds Best Banks 2022 climbing up from second on the same list in 2021.

Key Points: 
  • EDMONTON, Alberta, April 14, 2022 (GLOBE NEWSWIRE) -- Servus Credit Union ranks #1 in Canada on the Forbes list of Worlds Best Banks 2022 climbing up from second on the same list in 2021.
  • We are honoured to be ranked best bank in Canada in 2022, said Ian Burns, President & CEO of Servus Credit Union.
  • We stood with our members and supported them during one of the most difficult economic downturns last year.
  • The Worlds Best Banks 2022 was announced on April 13, 2022 and is presented by Forbes and Statista Inc.
    About Servus Credit Union Ltd.
    At Servus Credit Union we've been shaping the financial fitness of Albertans for more than 80 years with a full line of secure financial services.

Steady first quarter performance enables growth and transformation for Servus Credit Union

Retrieved on: 
Tuesday, March 22, 2022

EDMONTON, Alberta, March 22, 2022 (GLOBE NEWSWIRE) -- Servus Credit Union reported net income (after dividends, patronage and taxes) of $28.6 million for the first quarter of the 2022 fiscal year, up 17.9% from the first quarter of Servuss 2021 fiscal year.

Key Points: 
  • EDMONTON, Alberta, March 22, 2022 (GLOBE NEWSWIRE) -- Servus Credit Union reported net income (after dividends, patronage and taxes) of $28.6 million for the first quarter of the 2022 fiscal year, up 17.9% from the first quarter of Servuss 2021 fiscal year.
  • Were pleased to maintain and grow our credit union at the stable rates evidenced in our first quarter results, explained Ian Burns, Servus Credit Union President & CEO.
  • As we look to the future of our credit union, the first quarter of our 2022 fiscal year has also been a time of significant transition.
  • About Servus Credit Union Ltd.
    At Servus Credit Union we're building a better world, one member at a time.

Servus's roots in Ukrainian community drive creation of financial relief packages and refugee supports

Retrieved on: 
Friday, March 18, 2022

"A committee was immediately set up and worked closely with our Ukrainian Community Council to understand what was needed."

Key Points: 
  • "A committee was immediately set up and worked closely with our Ukrainian Community Council to understand what was needed."
  • Established in 1946, 1948 and 1961, Edmonton's first three Ukrainian credit unions delivered financial services and worked to preserve the community's cultural heritage.
  • "I'm very proud of how quickly Servus created financial relief packages to support both existing members and Ukrainian refugees," said Neddow.
  • The creation of these specialized member financial relief and refugee banking supports comes following the organization's $50,000 donation to the Canada-Ukraine Foundation on February 25, 2022.

Servus Credit Union’s 2021 financial results lay promising foundations for growth and transformation

Retrieved on: 
Wednesday, March 2, 2022

EDMONTON, Alberta, March 02, 2022 (GLOBE NEWSWIRE) -- In 2021, Servus Credit Union achieved record financial performance.

Key Points: 
  • EDMONTON, Alberta, March 02, 2022 (GLOBE NEWSWIRE) -- In 2021, Servus Credit Union achieved record financial performance.
  • Over the past several years, Servuss financial performance has steadily strengthened the credit unions capital stability, says Ian Burns, Servus Credit Union President & CEO.
  • In 2021, that gap increased substantially with Servus Credit Union members scoring 74.3% compared to Albertans score of 69.6%.
  • About Servus Credit Union Ltd.
    At Servus Credit Union we're building a better world, one member at a time.

New Non-QM Wholesale Lender, Champions Funding LLC, Provides Broker Access to Serve a $1 Trillion Market for Underserved Communities

Retrieved on: 
Wednesday, March 2, 2022

The company's flagship products allow the broker community to tap into a $1 Trillion market and serve the historically underserved communities across the nation.

Key Points: 
  • The company's flagship products allow the broker community to tap into a $1 Trillion market and serve the historically underserved communities across the nation.
  • Champions Funding LLC is one of a few mortgage lenders that holds a Community Development Financial Institution (CDFI) designation by the Department of Treasury to generate economic growth in distressed communities.
  • Champions Funding, LLC is a nationwide, wholesale lender providing Non-QM loan options for mortgage brokers and their customers.
  • As a Community Development Financial Institution,Champions Funding LLCempowers its Broker Partners to fulfill the dreamsof their diverse homeowners as well as realize the mission ofserving low-income and underserved communities.

Double Bottomline Corp. Completes the Purchase of Community Savings Bancorp, Inc. and Community Savings

Retrieved on: 
Friday, December 24, 2021

CALDWELL, Ohio, Dec. 23, 2021 /PRNewswire/ --Double Bottomline Corp. ("Double Bottomline") has completed the purchase of Community Savings Bancorp, Inc. ("CCSB") (OTC Pink: CCSB), and its wholly-owned subsidiary, Community Savings, a federal savings association.

Key Points: 
  • CALDWELL, Ohio, Dec. 23, 2021 /PRNewswire/ --Double Bottomline Corp. ("Double Bottomline") has completed the purchase of Community Savings Bancorp, Inc. ("CCSB") (OTC Pink: CCSB), and its wholly-owned subsidiary, Community Savings, a federal savings association.
  • Double Bottomline intends to maintain Community Savings' current footprint and looks forward to serving the needs of its markets in a safe and sound manner.
  • Community Savings will adjust its branding to "Community Savings for America" as part of this evolution.
  • Alvin B. Parmiter, President of Community Savings, said, "We believe this is an exciting moment for Community Savings.