citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2014 learn how and when to remove this template message servus credit union type credit union industry financial services founded 1987 headquarters edmonton alberta canada total assets 14.2 billion cad 2015 1 number of employees 2 400 2 website servus.ca servus edmonton alberta servus credit union is a member owned community based financial institution based in edmonton alberta 3 and in 2015 became the second largest credit union in canada 4 and the largest credit union in alberta . 5 servus has nearly 400 000 members who are served by close to 2 400 employees from more than 100 locations in 60 communities across alberta 6 and as of 2015 has 14.2 billion in assets under its administration . 7 contents 1 history 2 structure 3 profit sharing 4 general 4.1 board of directors 4.2 executive leadership team 5 awards 6 financials 7 references 8 external links history edit servus was created through the merger of several smaller regional credit unions in alberta the largest being capital city savings based in edmonton which was formed in 1987 . the various branches however have separate histories going back to 1937 . on november 1 2008 it became canada s first province wide credit union when it amalgamated with community savings and common wealth credit union . 8 structure edit as a credit union servus does not have shareholders rather to do business with servus customers must become members of the credit union . member ownership in servus credit union is represented by the purchase of common shares and this is required to open an account with the financial institution . membership includes the he right to democratically elect and run for a position on the board of directors . profit sharing edit instead of paying profits to shareholders the company shares its profits with members and paid 50 million to individual members through its profit sharing program in 2014 . 9 10 profit sharing is paid to members in both cash and common shares based on how much profit the company earns and how much its shares are worth . the profit share program has three parts patronage cash payments based on a percentage of the interest the member paid on loans and earned on deposits plus the average balance they hold in their chequing and savings accounts . common share dividends common share dividends are paid as additional common shares . investment share dividends dividends paid as additional investment shares that may be redeemed in cash . the total amount of profit share paid to members is based on the credit union s financial performance each year . the board of directors determines the total profit share pay out at the end of the company s fiscal year october 31 . general edit based in edmonton the credit union also has regional offices in lloydminster and red deer . the company provides a complete line of financial services including loans deposits investments telephone and online banking atms debit and credit cards financial planning insurance trust agricultural and commercial services . deposits held by servus credit union are insured by the alberta credit union deposit guarantee corporation . this guarantee is more extensive than the 100 000 insurance carried by banks in alberta because all deposit amounts are fully guaranteed including accrued interest to the date of payout and this includes chequing and savings accounts rrsp deposits rrif deposits foreign currency deposits and term deposits including those with terms exceeding five years . 11 board of directors edit servus credit union s board of directors consists of 12 members from around the province elected by the credit union s membership . 12 2015 servus credit union board of directors dianne brown ken cameron amy corrigan perry dooley iris evans doug hastings board chair jonathon holt john lamb vice chair darcy mykytyshyn simon neigum penny reeves and alison starke . executive leadership team edit garth warner president & ceo yves auger chief information officer dan bruinooge chief people & corporate services officer ian glassford chief financial officer darcy peelar chief credit officer gail stepanik keber chief brand & csr officer caroline ziober chief operating officer taras nohas vice president strategy & governance awards edit credit union of the year as awarded by alberta central at the 2014 agm and conference 13 member of the platinum club of canada s 50 best managed companies six years running 2009 2015 14 member of the venture 250 which recognizes alberta s highest grossing companies 15 financials edit as of april 30 2015 servus reported assets of 14.2 billion deposits of 12.5 billion loans of 12.5 billion and 30.3 million in income before patronage and income taxes . 16 references edit https www.servus.ca about servus our organization performance documents servus 2015 q3 financial statements.pdf management s discussion and analysis for the year ended october 31 2014 servus credit union vision mission and values . servus.ca . retrieved 2015 12 27 . http www.cucentral.ca layouts download.aspx sourceurl http www.cucentral.ca factsfigures top100 4q14 18 mar 15.pdf pdf . external link in title help http www.cucentral.ca layouts download.aspx sourceurl http www.cucentral.ca factsfigures top100 2q13 18 sept 13.pdf https www.servus.ca about servus our organization performance documents mdawithfs 2014.pdf page 3 pdf . external link in title help https www.servus.ca about servus our organization performance documents servus 2015 q2 financial statements.pdf pdf . external link in title help servus 2013 annual report . annual report.servus.ca . retrieved 2015 09 16 . https www.servus.ca about servus our organization performance documents servus 2015 q2 financial statements.pdf https www.servus.ca about servus our organization performance documents chair message.pdf pdf . external link in title help credit union deposit guarantee corporation . www.cudgc.ab.ca . retrieved 2015 09 10 . servus credit union board of directors . www.servus.ca . retrieved 2015 09 16 . acca agm marks credit union trends for 2014 . acca.coop . retrieved 2015 09 16 . https www.bestmanagedcompanies.ca en meetourwinners pages platinumclub.aspx . external link in title help the venture 250 . alberta venture . retrieved 2015 09 16 . servus credit union performance . www.servus.ca . retrieved 2015 09 10 . external links edit official website credit union deposit gurarantee corporation v t e edmonton based businesses aimco atb financial bioware booster juice the brick canadian western bank capital power corporation company s coming publishing epcor utilities fountain tire intuit canada katz group lone pine publishing nexopia pcl construction pizza 73 servus credit union stantec triple five group united furniture warehouse edmonton portal v t e banks and credit unions in canada banks big five bank of montreal canadian imperial bank of commerce president s choice financial royal bank of canada scotiabank tangerine toronto dominion bank td canada trust other banks amex bank of canada bridgewater bank business development bank of canada canadian tire financial services canadian western bank citibank canada citizens bank of canada equitable bank first nations bank of canada hsbc bank canada icici bank canada laurentian bank of canada manulife bank of canada meridian bank national bank of canada rogers bank versabank credit unions credit unions affinity credit union aldergrove credit union alterna savings assiniboine credit union blueshore financial central 1 credit union coast capital savings concentra financial conexus credit union credit union central of canada desjardins group envision financial first calgary financial first west credit union gulf and fraser fishermen s credit union island savings kawartha credit union kootenay savings credit union libro financial 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