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Strong Q2 Results Reinforce Servus's Position as Canada's Largest Credit Union

EDMONTON, Alberta, June 25, 2025 (GLOBE NEWSWIRE) -- Servus Credit Union (Servus) is reporting its second quarter financial results, highlighting strong core operations, balanced growth across assets, loans, and deposits, and a resilient financial position amid ongoing economic uncertainty. The continued strength reflected in Servus's second quarter financial results, covering the period of February 1 through April 30, 2025, demonstrates the organization's commitment to ensuring financial stability as growth continues following its merger with connectFirst Credit Union which closed on May 1, 2024.    

Servus's balance sheet expanded by nearly half a billion dollars ($485.1 million) over the first half of the fiscal year, a 1.7% increase since year-end, bringing total assets to $29.7 billion. This growth includes a $304.6 million increase in loans supported by a $226.3 million rise in deposits, reflecting steady gains across Servus's core business.

"These results demonstrate the strength of our strategy and our commitment to long-term financial stability," says Ian Burns, President & CEO of Servus Credit Union. "We entered this fiscal year as Canada's largest ...