Servus Credit Union has received the prestigious 2023 Canada’s Best Managed Companies award. The credit union has retained its Best Managed designation for 20 consecutive years.
Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture, commitment, capabilities, innovation, governance, and financial performance.
As Alberta’s largest credit union, Servus has continued its track record with strong asset growth amidst unpredictable economic conditions in recent years. The financial institution surpassed $18 billion in assets in fall 2022, representing $1 billion in asset growth since mid-2020. Servus ended 2022 with record-setting profit share, returning more than $60 million from its profit to members. Servus is the only credit union that shares profit in this way, at this scale.
“We’re honoured to be a 20-year milestone winner of Canada’s Best Managed Companies program. This is a testament of Servus’s industry leading performance and what we can achieve when we combine a solid business strategy with a committed and engaged workforce,” says Ian Burns, Servus’s President & CEO.
Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing innovative and world-class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process.
Servus has deep community roots and is committed to helping members achieve financial fitness. Decisions are made locally by Albertans, for Albertans. Every member is an owner and has a say in stewardship of the organization. When banking with Servus, members enjoy perks that are unique to credit unions such as profit share and 100 per cent deposit guarantee.
Learn more about Canada’s Best Managed Companies here: www.bestmanagedcompanies.ca
Learn more about Servus Credit Union here: servus.ca