Members of Servus Credit Union will receive $47.9 million this December through the Edmonton-based credit union’s annual profit share program.
It’s second only to $50 million paid in 2014 for the highest payout since the credit union’s amalgamation in 2008.
“Alberta’s economy presented significant challenges last year, but we innovated, worked hard and finished very strong in 2015,” said Garth Warner, Servus president and CEO.
Servus pays cash as well as a dividend on common shares and investment shares. Commercial and agricultural members receive a cash rebate on their service charges. To be eligible for profit sharing, customers must become members by opening an account and purchasing a minimum of $1 in common shares.
