October 17 is International Credit Union Day, and at Connect First and Servus Credit Union, we're celebrating you—our members. We invite you to stop by any branch to join us for a treat and light refreshments as we mark this special day where credit unions everywhere recognize the unique benefits that cooperative banking brings.
In the spirit of International Credit Union Day, we’re also celebrating our recent merger, which made us one of the largest and strongest credit unions in Canada! As a member, you will not yet have seen or experienced any big changes since we announced the merger, but rest assured that it has set the stage for us to be able to provide the products and services that will make cooperative banking better.
And although external pressures such as evolving technologies and rapid changes to digitization continue to impact all credit unions, know that we are working through these challenges behind the scenes. We are truly looking forward to delivering a well-planned, seamless merger experience, and the merger benefits we promised.
So, stay tuned for updates and changes, and know that together, we will continue to provide the credit union differentiators that the big banks don't offer, including:
- Local decision making: Staying close to the people we serve is fundamental to our success. Being based in Alberta, we understand and adapt quickly to meet the needs of our members.
- 100% deposit guarantee: Deposits at Connect First and Servus Credit Union are 100% guaranteed by the Credit Union Deposit Guarantee Corporation. This means the money you put in and the interest earned is safe and secure — up to any dollar amount.
- Member ownership: We operate using a cooperative model. This means that every member is also a shareholder, which allows them to have a say in the way we operate.
- Community focus: Unlike the banks, we are deeply rooted in the communities we serve, and we are committed to contributing to the economic and social well-being of the communities where we operate.
Thank you for being part of our credit union, and happy International Credit Union Day!
Yours truly,
Perry Dooley
Board Chair, Connect First and Servus Credit Union