{"id":394643,"date":"2020-12-07T14:03:12","date_gmt":"2020-12-07T19:03:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394643"},"modified":"2020-12-07T14:03:12","modified_gmt":"2020-12-07T19:03:12","slug":"servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\/","title":{"rendered":"Servus Credit Union pays $33.3 million in Profit Share\u00ae Rewards cash"},"content":{"rendered":"
\n

EDMONTON, Alberta, Dec. 07, 2020 (GLOBE NEWSWIRE) — This weekend, Servus Credit Union’s member-owners received a record $33.3 million in\u00a0Profit Share\u00ae Rewards<\/a>\u00a0cash \u2014 up nearly $1 million from the $32.4 million paid in 2019.<\/p>\n

Along with Profit Share Rewards cash, Servus is also returning $4.7 million in investment share dividends and $16.3 million in common share dividends, totalling $54 million shared with members in 2020.<\/p>\n

“Servus is proud to be sharing profits with our members in what has been a challenging year for many individuals and businesses across Alberta,” says Garth Warner, President & CEO of Servus Credit Union. “Despite the impact of the COVID-19 pandemic, Servus Credit Union’s financial position remains strong and our member-owners are seeing the benefit through Profit Share Rewards cash.<\/p>\n

“Earlier this year, we committed to helping Albertans remain resilient through the Servus Feel Good Movement\u2122<\/a> which included financial relief options, focused community investment funding and a community nomination program recognizing Albertans who have made a difference. Closing out 2020 by returning $54 million to Albertans is a punctuation of these efforts.\u201d<\/p>\n

Every December, Servus shares profits with members by way of cash and dividends \u2014 something only credit unions offer within the financial services industry. Since 2009, Servus has returned more than $580 million to its members, the highest return of its kind in Alberta and one of the highest in Canada.<\/p>\n

\n The Servus Big Share<\/strong>
\n \u2122<\/strong>
\n Contest<\/strong>
\n returns for 2021<\/strong>\n <\/p>\n

Each year since 2019, in addition to the millions of dollars shared with members through the overall Servus Profit Share Rewards program, the Servus Big Share contest also rewards one Servus member with $1 million. The Profit Share Rewards cash Servus members earn also gives them early entries into The Servus Big Share\u2122 Contest, which returns in January 2021.<\/p>\n

\n About Servus Credit Union Ltd. <\/strong>
\n
At Servus Credit Union we’re building a better world, one member at a time. We’ve been shaping the financial fitness of Albertans for over 80 years with a full line of secure financial services. We help members manage their money wherever they are through more than 100 branches in 59 communities; online, mobile and telephone banking; and 1900 no-fee ATMs across Canada. We re-invest our profits in our members and the communities we serve. For more information, call 1.877.378.8728 or visit servus.ca.<\/p>\n

\n F<\/strong>
\n or more information contact:<\/strong>\n <\/p>\n

\n Amanda LeNeve<\/strong>
\n
Manager, Media & Member Engagement
Servus Credit Union
T:\u00a0780.638.8838
C:\u00a0587.920.9158
Email:\u00a0amanda.leneve@servus.ca<\/a><\/p>\n

\n www.facebook.com\/servuscu<\/a>
\n
\n www.twitter.com\/servuscu<\/a>\n <\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

EDMONTON, Alberta, Dec. 07, 2020 (GLOBE NEWSWIRE) — This weekend, Servus Credit Union’s member-owners received a record $33.3 million in\u00a0Profit Share\u00ae Rewards\u00a0cash \u2014 up nearly $1 million from the $32.4 million paid in 2019. Along with Profit Share Rewards cash, Servus is also returning $4.7 million in investment share dividends and $16.3 million in common share dividends, totalling $54 million shared with members in 2020. “Servus is proud to be sharing profits with our members in what has been a challenging year for many individuals and businesses across Alberta,” says Garth Warner, President & CEO of Servus Credit Union. “Despite the impact of the COVID-19 pandemic, Servus Credit Union’s financial position remains strong and our member-owners are seeing the benefit … <\/p>\n

Continue reading “Servus Credit Union pays $33.3 million in Profit Share\u00ae Rewards cash”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-394643","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nServus Credit Union pays $33.3 million in Profit Share\u00ae Rewards cash - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Servus Credit Union pays $33.3 million in Profit Share\u00ae Rewards cash - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EDMONTON, Alberta, Dec. 07, 2020 (GLOBE NEWSWIRE) — This weekend, Servus Credit Union’s member-owners received a record $33.3 million in\u00a0Profit Share\u00ae Rewards\u00a0cash \u2014 up nearly $1 million from the $32.4 million paid in 2019. Along with Profit Share Rewards cash, Servus is also returning $4.7 million in investment share dividends and $16.3 million in common share dividends, totalling $54 million shared with members in 2020. “Servus is proud to be sharing profits with our members in what has been a challenging year for many individuals and businesses across Alberta,” says Garth Warner, President & CEO of Servus Credit Union. “Despite the impact of the COVID-19 pandemic, Servus Credit Union’s financial position remains strong and our member-owners are seeing the benefit … Continue reading "Servus Credit Union pays $33.3 million in Profit Share\u00ae Rewards cash"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-07T19:03:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzAyMSMzODU3MDc3IzIwOTE4NzA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Servus Credit Union pays $33.3 million in Profit Share\u00ae Rewards cash\",\"datePublished\":\"2020-12-07T19:03:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\\\/\"},\"wordCount\":398,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NzAyMSMzODU3MDc3IzIwOTE4NzA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/servus-credit-union-pays-33-3-million-in-profit-share-rewards-cash\\\/\",\"name\":\"Servus Credit Union pays $33.3 million in Profit Share\u00ae Rewards cash - 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