Servus Credit Union
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Servus
Servus Credit Union is a credit union located in Alberta. It was founded in 1938 through the merger of Capital City Savings & Credit Union and several small regional credit unions in Alberta. Most recently, ConnectFirst Credit Union merged into Servus in 2024 and in one of the largest credit union mergers in the history of Canada. It primarily serves Calgary and Edmonton.
Servus Credit Union traces its roots to 1938, when Alberta credit unions began forming in response to limited access to banking during the Great Depression. Headquartered in Edmonton, Servus grew through decades of Alberta credit union amalgamations and became a province wide financial cooperative.
In 2024, Servus merged with connectFirst Credit Union in a transaction described as the largest merger in Canadian credit union history. In 2025, Servus was recognized as Canada’s largest credit union by total assets.
Servus offers personal and business banking, wealth management, and insurance services. Its Profit Share® program rewards eligible members based on their relationship with the credit union. Eligible deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation, with protection up to any dollar amount for Alberta credit union deposits.
Provinces served
Number of Members (as of 2025): ~600,000
Servus Mortgage Rates
The mortgage rates on this page were last updated on August 25, 2026 at 6:09 PM ET.
| Lender | Term | Rate | |
|---|---|---|---|
| 1-Year Fixed | 4.79% | ||
| 2-Year Fixed | 4.39% | ||
| 3-Year Fixed | 4.39% | ||
| 4-Year Fixed | 4.49% | ||
| 5-Year Fixed | 4.29% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||
Servus GIC Rates
The GIC rates on this page were last updated on August 25, 2026 at 11:26 AM ET.
| Term | Rate |
|---|---|
| 3-Month | 2.25% |
| 6-Month | 2.40% |
| 9-Month | 2.40% |
| 1-Year | 3.75% |
| 1.5-Year | 3.25% |
| 2-Year | 2.63% |
| 3-Year | 2.73% |
| 4-Year | 2.77% |
| 5-Year | 2.98% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | |
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: 17 - 25 Be Free
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $70,000
- This limit may vary depending on the client profile.
- *This account is available for youth and students only.
- Servus 17–25 Be Free is a no-monthly-fee chequing account for members ages 17 to 25. It includes unlimited electronic and in-branch transactions, unlimited Interac e-Transfers, and free withdrawals at participating credit union ATMs. Non-credit-union ATM withdrawals in Canada cost $1.50 each, with fees charged by the ATM operator still applying. Members can also participate in Servus Profit Share Rewards.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
2. Account: Basic Plan
- Standard Fee
- $3.95/mo
- Free Transactions
- 18
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 18 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $70,000
- This limit may vary depending on the client profile.
- Servus Basic Plan is a chequing account with 18 included transactions per month for a $3.95 monthly fee. Additional transactions cost $1.25 each, while non-credit-union ATM withdrawals in Canada cost $1.50, with fees charged by the ATM operator still applying. Deposits and transfers between Servus accounts are free, making the account best suited to customers with lower transaction volumes.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
3. Account: Personal Essential Plan 1
- Standard Fee
- $3.95/mo
- Free Transactions
- 15
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $4,000 in your account.
- This account allows 15 free transactions.
- 1 free withdrawal from a non-credit-union ATM in Canada is included.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $70,000
- This limit may vary depending on the client profile.
- Servus Personal Essential Plan’s first tier includes up to 15 transactions per month for a $3.95 monthly fee, with Interac e-Transfers counting toward the transaction limit. It includes one non-credit-union ATM withdrawal in Canada with Servus’s fee waived each month, although fees charged by the ATM operator still apply. The monthly fee is waived when you maintain a minimum monthly balance of $4,000.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
4. Account: Personal Essential Plan 2
- Standard Fee
- $11.95/mo
- Free Transactions
- 60
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $4,000 in your account.
- This account allows 60 free transactions.
- 1 free withdrawal from a non-credit-union ATM in Canada is included.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $70,000
- This limit may vary depending on the client profile.
- Servus Personal Essential Plan’s second usage tier includes up to 60 transactions per month for an $11.95 monthly fee, with Interac e-Transfers counting toward the transaction limit. It includes one non-credit-union ATM withdrawal in Canada with Servus’s fee waived each month, although fees charged by the ATM operator still apply. The monthly fee is waived when you maintain a minimum monthly balance of $4,000.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
5. Account: Personal Essential Plan 3
- Standard Fee
- $16.95/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $4,000 in your account.
- This account allows Unlimited free transactions.
- 1 free withdrawal from a non-credit-union ATM in Canada is included.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $70,000
- This limit may vary depending on the client profile.
- Servus Personal Essential Plan’s top usage tier includes unlimited electronic transactions and Interac e-Transfers for a $16.95 monthly fee. Electronic transactions include bill payments and credit union ATM withdrawals, while in-branch transactions have a $1.50 handling fee. The monthly fee can be waived by maintaining a minimum monthly balance of $4,000.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
6. Account: Senior Unlimited
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $70,000
- This limit may vary depending on the client profile.
- *This account is available for seniors only.
- Servus Senior Unlimited is a no-monthly-fee chequing account for members over age 60. It includes unlimited electronic and in-branch transactions, unlimited Interac e-Transfers, and credit union ATM withdrawals. Members also receive 50 free cheques per year, a $10 safety deposit box discount, and 5 free coverdrafts.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Savings Accounts
Savings Account
Account: Personal Savings
- Interest Rate
- 0.01%
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $70,000
- This limit may vary depending on the client profile.
- Servus Personal Savings is a no-monthly-fee savings account with 1 included transaction per month. Additional regular transactions cost $1.50 each, and Interac e-Transfers also cost $1.50 each. Transfers between Servus accounts are unlimited and free, making the account primarily suited to lower-activity saving rather than frequent transactions.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Savings Account
Account: Premium Savings
- Interest Rate
- 0.15%*
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $70,000
- This limit may vary depending on the client profile.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0.00 to $4,999.99 0.15% $5,000.00 to $99,999.99 0.55% $100,000.00 or over 0.75% - Servus Premium Savings is a no-monthly-fee savings account with split-rate tiered monthly interest and 1 included transaction per month. Additional withdrawals, purchases, bill payments, and automated fund transfers generally cost $5 each, while Interac e-Transfers cost $1.50. Registered versions are also available as a TFSA, RRSP, or RRIF.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $30,240M | +3.3% | +73.2% |
| Loans | $26,424M | +6.3% | +72.5% |
| Deposits | $25,028M | +2.5% | +74.0% |
| Loan-to-Deposit Ratio | 105.6% | — | — |
| Mortgages + HELOCs | $13,266M | +6.0% | +53.4% |
| Securities | $2,290M | -21.8% | +121.0% |
| Revenue | $1,138M | +37.6% | +112.3% |
| Efficiency Ratio | 59.7% | — | — |
| Target Members / Region | Calgary, Edmonton | — | — |
Servus Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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