Servus

Servus Credit Union continues its upward asset growth trajectory

Retrieved on: 
Thursday, September 28, 2023
Growth, Housing, Burns, Investment, Oil, Real estate, Renewable energy, Servus

EDMONTON, Alberta, Sept. 28, 2023 (GLOBE NEWSWIRE) -- 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.

Key Points: 
  • EDMONTON, Alberta, Sept. 28, 2023 (GLOBE NEWSWIRE) -- 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.
  • Year-to-date net interest income continued to trend positively with an increase of 7.6% over the prior year due to strong deposit and loan growth.
  • Those investments have resulted in growth to almost $20 billion in total assets, putting Servus on a growth trajectory we've planned for in our long-term strategy."
  • Servus's commitment to financial fitness extends to the Servus Profit Share® program, where Servus shares its profits annually with members.

Servus Credit Union achieves over $1 billion in asset growth year-over-year

Retrieved on: 
Wednesday, June 28, 2023
Pressure, Growth, Unemployment, Credit union, Investment, Face, ConnectFirst Credit Union, Oil, Real estate, Renewable energy, Servus

EDMONTON, Alberta, June 28, 2023 (GLOBE NEWSWIRE) -- 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.

Key Points: 
  • EDMONTON, Alberta, June 28, 2023 (GLOBE NEWSWIRE) -- 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.
  • This growth enabled continued strategic investments, including the intended amalgamation with connectFirst Credit Union (connectFirst).
  • Second quarter financial results saw strong loan growth, which led to an increase in net interest income.
  • Servus's commitment to financial fitness extends to the Servus Profit Share® program, where Servus shares its profits annually with members.

Alberta Farmer-Power Engineer Named Next Servus Millionaire

Retrieved on: 
Thursday, June 15, 2023
AB, The Life and Adventures of Santa Claus, Servus Credit Union, News, Profit, Bank, Servus, Athabasca

Alberta's newest millionaire is the winner of the 2023 Servus Big Share™ contest by Servus Credit Union.

Key Points: 
  • Alberta's newest millionaire is the winner of the 2023 Servus Big Share™ contest by Servus Credit Union.
  • "Winning the Servus Big Share™ contest puts me years ahead of where I thought I would be, financially."
  • Servus Big Share™ is one way through which Servus shares its profit with members.
  • Since starting the Profit Share® program in 2009, Servus has returned more than $700 million to Albertans.

Servus Credit Union announces acquisition of Stride Capital Corp. bolstering commercial equipment leasing business within Canada

Retrieved on: 
Friday, June 2, 2023
Agriculture, ConnectFirst Credit Union, Forestry, Credit union, Acquisition, Mining, Stride, Servus

EDMONTON, Alberta, June 02, 2023 (GLOBE NEWSWIRE) -- Servus Credit Union Ltd. (Servus) announced today the successful acquisition of Stride Capital Corp. (Stride), a Calgary-based equipment financing and leasing provider.

Key Points: 
  • EDMONTON, Alberta, June 02, 2023 (GLOBE NEWSWIRE) -- Servus Credit Union Ltd. (Servus) announced today the successful acquisition of Stride Capital Corp. (Stride), a Calgary-based equipment financing and leasing provider.
  • This move represents Servus's next step in reimagining its credit union business in response to the rapidly changing Canadian financial landscape.
  • "Through this arrangement with Servus, we see tremendous opportunity for the expansion of our business in the provinces where we operate," said Randy Mannix, President of Stride.
  • Earlier this year, Servus announced an intent to amalgamate with connectFirst Credit Union, which, if approved, would create one of the leading credit unions in Canada.

Rocky Brands, Inc. Announces First Quarter 2023 Results

Retrieved on: 
Tuesday, May 2, 2023
Footwear, Fashion, Retail, Department Stores, Manufacturing, Specialty, Textiles, Borrowing base, Cost of Living Allowance (U.S. Military), Inventory, Rocky, Rocky Brands, Brand, Contract manufacturer, Sale, Acquisition, Brooks, Wholesaling, Growth, Total, Software, Cryptocurrency, Reinsurance, Bank, Arms industry, Servus

Rocky Brands, Inc. (NASDAQ: RCKY) today announced financial results for its first quarter ended March 31, 2023.

Key Points: 
  • Rocky Brands, Inc. (NASDAQ: RCKY) today announced financial results for its first quarter ended March 31, 2023.
  • Wholesale sales for the first quarter decreased 40.2% to $80.1 million compared to $134.0 million for the same period in 2022.
  • Interest expense for the first quarter of 2023 was $6.1 million compared with $3.9 million a year ago.
  • The Company's conference call to review first quarter 2023 results will be broadcast live over the internet today, Tuesday, May 2, 2023 at 4:30 pm Eastern Time.

Rocky Brands, Inc. Announces Sale of Servus Brand

Retrieved on: 
Monday, April 3, 2023
Retail, Footwear, Other Retail, Fashion, Brand, Rocky, SA, Safety, Rocky Brands, PVC, Shoemaking, Honeywell, Servus

Rocky Brands, Inc. (NASDAQ: RCKY) announced today that it has sold its Servus brand to PQ Footwear, LLC, a subsidiary of Industrias PetroQuim, SA, which has been globally providing high quality footwear and components for over 67 years.

Key Points: 
  • Rocky Brands, Inc. (NASDAQ: RCKY) announced today that it has sold its Servus brand to PQ Footwear, LLC, a subsidiary of Industrias PetroQuim, SA, which has been globally providing high quality footwear and components for over 67 years.
  • The transaction closed on March 30, 2023.
  • Rocky Brands acquired Servus in March 2021 when it purchased the performance and lifestyle footwear business from Honeywell.
  • Servus offers a wide range of quality PVC and neoprene footwear with a focus on safety certified work boots.

Servus Credit Union continues with strong asset growth amidst unpredictable economic conditions

Retrieved on: 
Tuesday, March 21, 2023
Servus Credit Union, Growth, Burns, Bank, Bank of Canada, Investment, Renewable energy, Servus

EDMONTON, Alberta, March 21, 2023 (GLOBE NEWSWIRE) -- Servus Credit Union Ltd. (Servus) started its fiscal year with significant growth, surpassing $18.7 billion in assets, while continuing to invest in strategic priorities to enable future growth and support members during challenging economic conditions.

Key Points: 
  • EDMONTON, Alberta, March 21, 2023 (GLOBE NEWSWIRE) -- Servus Credit Union Ltd. (Servus) started its fiscal year with significant growth, surpassing $18.7 billion in assets, while continuing to invest in strategic priorities to enable future growth and support members during challenging economic conditions.
  • First quarter financial results for the year starting November 1, 2022 saw assets increase due to growth in loans and investments.
  • "For Servus, our members' financial fitness is what drives us," said Ian Burns, Servus's President and Chief Executive Officer.
  • Servus's commitment to financial fitness extends to the Servus Profit Share® program, where Servus shares its profits annually with members.

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

Retrieved on: 
Wednesday, June 29, 2022
GLOBE, ATM, COVID-19, Solution, CEO, Servus Credit Union, Forbes, Income, Health, Renewable energy, Bank, Servus

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
Burns, ATM, Overalls, Forbes, Servus Credit Union, CEO, Profit, Credit union, University, Luck, Lucks, Awareness, GLOBE, Life insurance, Bank, Servus

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.

6,200 Race Participants & The Miracle of the Medals

Retrieved on: 
Sunday, May 29, 2022
Walk Run Cha-Cha, Organic, Female, Servus, Atmosphere, GoodLife Fitness, Calgary Marathon, Goodlife, Athlete, Exhibition, GLOBE, Oil, Auction, COVID-19

With excitement in the air (along with a little cool wind), 6,200 excited participants lined the start chutes to begin their run, walk and roll to the finish line.

Key Points: 
  • With excitement in the air (along with a little cool wind), 6,200 excited participants lined the start chutes to begin their run, walk and roll to the finish line.
  • As sign of the times, in-person participation vs. virtual race participation increased to 98%, while in Septembers delayed event, more than a quarter of the runners participated in the virtual run option.
  • Friday and Saturday also marked the much-anticipated return of the pre-race Runners Market and exhibition at the Stampede Park Grandstand.
  • In addition to choosing a race distance, runners could choose to run on behalf of a charity, choosing from 73 registered charities.