Servus Credit Union reports strong Q2 financial results, emphasizes stability and member-centric services
From GlobeNewswire: 2025-06-25 09:00:00
Servus Credit Union reports strong second quarter financial results, with balanced growth in assets, loans, and deposits. Total assets reach $29.7 billion, an increase of $485.1 million since year-end. CEO Ian Burns highlights commitment to financial stability and member-centric services following merger with connectFirst Credit Union.
Financial results for the second quarter of fiscal 2025 are not directly comparable to pre-merger results, with accounting adjustments totaling $50.8 million. Key financial highlights for the first half of the year include assets under management at $38.4 billion and normalized income before income taxes and patronage at $87.6 million.
Alberta faces economic uncertainty amid global trade war, impacting markets and growth forecasts. Servus Credit Union focuses on providing values-based alternatives to big banks, emphasizing deposit guarantee, ding-free ATMs, profit sharing, and local decision making to support Alberta’s economy.
Servus Credit Union, following a merger with connectFirst Credit Union, has been serving Albertans for over 80 years with a full range of financial services. With 147 branches in 80 communities and online banking options, Servus aims to prioritize people, businesses, and communities to build a stronger Alberta. For more information, visit servus.ca or contact [email protected].
Read more at GlobeNewswire:: Strong Q2 Results Reinforce Servus’s Position as Canada’s