Servus Credit Union

Servus Credit Union

December 13, 2010 11:33 ET

Servus Credit Union Distributes $43 Million Among Its Members

When It Comes To Profit Share, Servus Members Get It

EDMONTON, ALBERTA--(Marketwire - Dec. 13, 2010) - Servus Credit Union is pleased to announce its member-owners will receive $43 million through its annual Profit Share program. The profit share, which is up from $42.2 million in 2009, is the largest amount shared to date, and will be distributed to members this month.

"Servus members get it. They understand that banking with Servus enables them to share directly in the credit union's profits," explained Garth Warner, President and CEO of Servus Credit Union. "The more business you do with Servus, the greater your Profit Share.".

The Servus Profit Share program is a rare offering in the financial sector. The 2010 program pays cash as well as a dividend on Common Shares and Investment Shares. Commercial and agricultural members receive cash as a service charge rebate.

When surveyed, Servus members considered profit sharing and member ownership as the most important benefits (Maritz Research, 2010). In addition to these unique benefits, members gave Servus high scores for overall quality of service, value for money and overall branch staff service. Servus also received the highest rating for overall quality of customer service among financial institutions in Alberta (Synovate, 2010).

"The Profit Share program is one way we say thanks to our members for continuing to do business with Servus," says Mr. Warner. "Profit Share also represents a considerable Servus investment back into Alberta, where we work and live, by putting cash back into the pockets of our members."

Servus Credit Union is owned by members and is a part of Alberta's communities. To become a member, customers are required to simply open an account and purchase a minimum of $1 in Common Shares.

About Servus Credit Union Ltd.

Servus Credit Union is a member-owned financial institution serving nearly 400,000 members from more than 100 locations in 62 communities. The credit union's vision of building a better world - one member at a time inspires their commitment to provide sound, advice-based financial products and services; help members achieve personal satisfaction, enjoy financial stability and a good quality of life; and improve the communities where its members live and work. For more information, call toll-free 187SERVUSCU/1.877.378.8728 or visit servus.ca.

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