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Winter 2010 - Servus Credit Union

Winter 2010 - Servus Credit Union

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grow<br />

<strong>Servus</strong> shares $43 million<br />

It’s Profit Share time again! As a member of<br />

<strong>Servus</strong> <strong>Credit</strong> <strong>Union</strong> you deserve to share in<br />

our success; after all, you’re an owner too.<br />

<strong>2010</strong> was another profitable year for our<br />

credit union. This year <strong>Servus</strong> is giving<br />

back $43 million to our memberowners.<br />

How your Profit Share is paid:<br />

• You’ll receive part of your<br />

share in cash, based on the<br />

business you do with us.<br />

The amount depends<br />

on the money you<br />

deposit and the<br />

interest you pay on loans.<br />

• Part of your share is also<br />

paid to you in dividends.<br />

These are based on your<br />

Common Share account<br />

balance, and are paid to you in<br />

additional Common Shares.<br />

• If you own investment shares,<br />

dividends are paid as more investment<br />

shares or in cash, depending on the<br />

type you own.<br />

Sharing profits is an essential principle of<br />

credit unions. It’s one reason why more<br />

than 400,000 people are loyal members<br />

at <strong>Servus</strong>.<br />

Watch for your Profit Share payout on<br />

your December statement.<br />

Holiday Greetings!<br />

We’re wishing you all the timeless<br />

treasures of the season…the warmth<br />

of home, the love of family, and the<br />

company of good friends.<br />

Welcome to the new<br />

<strong>Servus</strong> website!<br />

At servus.ca you’ll find tools and advice to help you make<br />

better financial decisions. The website is designed to help<br />

with your unique financial needs at every stage of life.<br />

Whether you’re going to school, buying your first home,<br />

dreaming of a lake cottage, or looking for ideas to make your<br />

money grow, you’ll find the information and advice you need.<br />

Try out the financial calculators to help with your decisions.<br />

Look up directions to any of our 100+ branches. Or just relax<br />

while doing late night online banking. There’s even a guided<br />

tour to introduce you to the new features!<br />

The new site is a single online source of information for all<br />

our members across the province. Please let us know what<br />

you think of the new site. Your feedback is important and<br />

helps us to serve you better.<br />

Your vote counts<br />

As a member-owner at <strong>Servus</strong>, you have a<br />

say in your credit union and have the right to<br />

vote for the Directors who serve on the Board.<br />

<strong>Servus</strong> will conduct an election for four Director<br />

positions from February 4 to 18, 2011.<br />

To vote for your favorite candidates please<br />

visit your <strong>Servus</strong> branch or vote online at<br />

servus.ca. To learn more about the candidates<br />

look for their bios in your January statement.<br />

Candidates have also created videos about their<br />

qualifications and desire to be members of the<br />

Board. You can watch them on our website.<br />

Election results will be announced at the Annual<br />

General Meeting, being held on Thursday, March<br />

17, 2011 in Edmonton at the Winspear Centre.<br />

2

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