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Servus Credit Union
Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta. In 2015 became the second-largest credit union in Canada and the largest credit union in Alberta; in 2025 it became Canada's largest credit union as measured by total assets. In 2014, Servus has around 380,000 members, who are served by nearly 2,400 employees from 100 locations in 59 communities across Alberta and as of 2026 has $30.3 billion in assets.
Servus was created through the merger of several smaller regional credit unions in Alberta, the largest being Capital City Savings & Credit Union, based in Edmonton, which was formed in 1938. The various branches, however, have separate histories going back to 1937.
In late September of 2006, the City of St. Albert officially opened the Servus Credit Union Place (or Servus Place for short), a multipurpose leisure centre in the city of St. Albert, Alberta.
On November 1, 2008, Servus Credit Union became Canada's first province-wide credit union when it amalgamated with Community Savings and Common Wealth Credit Union.
In September 2023, Servus members voted in favour of merging with connectFirst Credit Union.
As a credit union Servus does not have shareholders, rather to do business with Servus customers must become members of the credit union. Member-ownership in Servus Credit Union is represented by the purchase of Common Shares, and this is required to open an account with the financial institution. Membership includes the right to democratically elect and run for a position on the Board of Directors.
Instead of paying profits to shareholders, the company shares its profits with members, and paid out $54.1 million through its profit sharing program in 2018.
Profit sharing is paid to members in both cash and common shares, based on how much profit the company earns and how much its shares are worth. The Profit Share program has three parts:
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Servus Credit Union
Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta. In 2015 became the second-largest credit union in Canada and the largest credit union in Alberta; in 2025 it became Canada's largest credit union as measured by total assets. In 2014, Servus has around 380,000 members, who are served by nearly 2,400 employees from 100 locations in 59 communities across Alberta and as of 2026 has $30.3 billion in assets.
Servus was created through the merger of several smaller regional credit unions in Alberta, the largest being Capital City Savings & Credit Union, based in Edmonton, which was formed in 1938. The various branches, however, have separate histories going back to 1937.
In late September of 2006, the City of St. Albert officially opened the Servus Credit Union Place (or Servus Place for short), a multipurpose leisure centre in the city of St. Albert, Alberta.
On November 1, 2008, Servus Credit Union became Canada's first province-wide credit union when it amalgamated with Community Savings and Common Wealth Credit Union.
In September 2023, Servus members voted in favour of merging with connectFirst Credit Union.
As a credit union Servus does not have shareholders, rather to do business with Servus customers must become members of the credit union. Member-ownership in Servus Credit Union is represented by the purchase of Common Shares, and this is required to open an account with the financial institution. Membership includes the right to democratically elect and run for a position on the Board of Directors.
Instead of paying profits to shareholders, the company shares its profits with members, and paid out $54.1 million through its profit sharing program in 2018.
Profit sharing is paid to members in both cash and common shares, based on how much profit the company earns and how much its shares are worth. The Profit Share program has three parts: