Servus Credit Union
Servus Credit Union is a credit union located in AB. 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 serves Calgary, 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.
| Metric | 2025 | YoY Change |
|---|---|---|
| Assets | $30.2B | +3.3% |
| Loans | $26.4B | +6.3% |
| Deposits | $25.0B | +2.5% |
| Mortgages + HELOCs | $13.3B | +6.0% |
| Efficiency Ratio | 59.7% | — |
| Members | 600,000 | — |
| Branches | 147 | — |
| Target Members | Calgary, Edmonton | — |
Mortgage Rates
| 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. | |||
GIC Rates
| Term | Rate |
|---|---|
| 3-Month | 2.25% |
| 6-Month | 2.40% |
| 9-Month | 2.40% |
| 1-Year | 2.38% |
| 1.5-Year | 3.20% |
| 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. | |
To find more information refer to our lenders report at WOWA.io.
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