Servus Credit Union and the Edson Savings & Credit Union Board of Directors are pleased to announce that the Edson Board has selected Servus as a potential amalgamation partner.
Edson Credit Union and Servus share a long tradition of member service based on co-operative values. Edson has about 2500 members and $57 million in assets. Servus, based in Edmonton, has about 370,000 members and $16 billion in assets.
Edson's Board of Directors felt the future interests of the credit union and its members would be best served by a partnership with another credit union that shares their support for community and commitment to exceptional service. They conducted a thorough process of discovery to identify a preferred partner and selected Servus Credit Union based on the benefits Servus can provide to Edson members, community and staff.
The proposed amalgmation must be approved by Edson members and the provincial regulator. Tentative plans call for presentation of a resolution at the Edson Annual General Meeting in 2019.
Servus members are not required to vote on the merger. Further information will be provided as details are confirmed.