Servus Credit Union Shows Continued Stability in FY16

Source: Canadian Business Journal.

EDMONTON, AB–(Marketwired – March 08, 2017) – The benefits of member banking were highlighted in FY16 as Servus Credit Union released annual results with a bottom line that clearly put its member-owners first. Despite a challenging Alberta economy and interest rates that remained at historic lows, the province’s largest credit union paid $48.1 million to members through its annual Profit Share® program. Since 2008, the total paid to members though the program is $368.9 million. The annual results also showed the benefits of sound planning that balances protection of the company’s financial stability with the credit union’s desire to keep… Read More at: Servus Credit Union Shows Continued Stability in FY16


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