(Edmonton, AB) – Servus Credit Union has been honoured with the prestigious Canada’s Best Managed Companies designation for the 17th consecutive year and achieved Platinum Club status for the 11th consecutive year.
"It's an honour to be recognized with this designation — we're incredibly proud to be identified in the same league as Canada's leading companies," says Garth Warner, President & CEO of Servus Credit Union. "Being recognized with this designation for so many years in a row validates that a commitment to our members and their financial fitness is a business model that works."
In 2019, Servus Credit Union achieved record-breaking net income of $100.5 million and returned $57 million in Profit Share® Rewards cash and dividends to members. Since 2009, Servus has returned more than $530 million to members, a financial benefit of membership offered only by Servus and some credit unions.
Servus contributed $3.4 billion to Alberta's economy in 2019, including $2.3 million to 800 Alberta community organizations. Also in 2019, Forbes recognized Servus as one of Canada's Best Employers, and one of the top three financial institutions in Canada.
Established in 1993, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Winners are an important engine of economic growth for being adaptable and sustainable in a global market. Applicants are evaluated by an independent judging panel made up of judges from Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. Best Managed companies share commonalities that include an emphasis on culture and people, innovation, sustained performance and strong financial results. For more information, visit bestmanagedcompanies.ca.
About Servus Credit Union Ltd.
At Servus Credit Union we're building a better world, one member at a time. We've been shaping the financial fitness of Albertans for 80 years with a full line of secure financial services. We help members manage their money wherever they are through 100 branches in 59 communities; online, mobile and telephone banking; and 1900 no-fee ATMs across Canada. We re-invest our profits in our members and the communities we serve.
For more information contact:Amanda LeNeve
Manager, Media & Member Engagement
Servus Credit Union