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Servus marks second quarter with continued strong performance ahead of historic merger

CALGARY, Alberta, July 02, 2024 (GLOBE NEWSWIRE) -- Following several consecutive quarters of strong performance and growth, Servus Credit Union Ltd. (Servus) achieved significant asset growth in its second quarter of fiscal 2024, reaching $21.1 billion in total assets, up 10.5% from the same period last year. This quarter marks the final reporting period for Servus prior to the May 1, 2024 merger with connectFirst Credit Union (connectFirst), creating Connect First and Servus Credit Union Ltd. connectFirst results for the same pre-merger period are available on The continued upward trend of Servus's second quarter financial results, covering the period of February 1 through April 30, 2024, reflects the organization's ongoing efforts to ensure strength, stability and resiliency despite the sector's sustained economic headwinds. "Servus's focus over the past two years has been on modernizing our cooperative, member-centric approach to banking," says Ian Burns, President and CEO of both the new Connect First and Servus Credit Union Ltd. and former Servus Credit Union Ltd. "Our future-focused approach has allowed us to thrive at a time when economic headwinds have impacted others in the financial sector. This, along with recent recognition as one of Canada's Best Managed ...