Recently merged credit unions celebrate over 20 years as Canada's Best Managed Companies
May 14 2024 - 12:26PM
connectFirst and Servus credit unions have each been recognized as
recipients of the prestigious Canada's Best Managed Companies award
and as members of the Platinum Club, which recognizes winners that
have maintained their Best Managed status for seven years or more.
The two financial institutions, which have each received the award
for over 20 consecutive years, merged on May 1, 2024, creating
Connect First and Servus Credit Union Ltd.
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. The award is based on
organizational achievements in the previous year.
"These awards are a testament to the fortitude, management and
culture of both connectFirst and Servus in their own right, based
on the individual performance of both credit unions in the past
year," says Ian Burns, President and CEO of Connect First and
Servus Credit Union. "The same things that earned this recognition
inspired us to join forces through the recent merger. This is
strong validation that, in our mission to build from the best of
both, we are on the right path in building from a foundation of two
best managed companies."
"We're honoured to receive these awards at this historic time,
following the largest merger in Canadian credit union history,"
says Burns. "The merger marks the union of two industry leaders,
each recognized by Canada's Best Managed Companies for their own
unique strengths and capabilities. Together as one company, we will
be an even more impactful credit union focused deeply on creating a
brighter future for members, employees, and all of Alberta."
Together, the newly formed credit union has more than 3,000
employees and serves approximately 500,000 members across 140
branches in 80 Alberta communities.
For more information on the merger, please
visit greatertogether.info.
Servus and connectFirst are trade names of Connect First and
Servus Credit Union Ltd. All rights reserved.
About Canada’s Best Managed Companies
ProgramCanada’s Best Managed Companies program continues
to be the mark of excellence for privately-owned Canadian
companies. Every year since the launch of the program in 1993,
hundreds of entrepreneurial companies have competed for this
designation in a rigorous and independent process that evaluates
their management skills and practices. The awards are granted on
four levels: 1) Canada’s Best Managed Companies new winner, one of
the new winners selected each year; 2) Canada’s Best Managed
Companies winner, award recipients that have re-applied and
successfully retained their Best Managed designation for two
additional years, subject to annual operational and financial
review; 3) Gold Standard winner, after three consecutive years of
maintaining their Best Managed status, these winners have
demonstrated their commitment to the program and successfully
retained their award for 4-6 consecutive years; 4) Platinum Club
member, winners that have maintained their Best Managed status for
seven years or more. Program sponsors are Deloitte Private, CIBC,
The Globe and Mail, and TMX Group. For more information,
visit bestmanagedcompanies.ca.
About Servus Credit Union Ltd.Servus Credit
Union has served Albertans for over 80 years with a full line of
secure financial services. The financial institution has more than
100 branches in 61 communities throughout the province as well as
options for online, mobile and telephone banking. Servus's noble
purpose is to help members reimagine their financial fitness so
that they feel good about their money. For more information about
Servus, call 1.877.378.8728 or visit servus.ca.
About connectFirst Credit UnionconnectFirst
Credit Union, one of the largest and most successful credit unions
in Canada, is a full-service financial institution with over $7
billion in assets under administration. connectFirst employs 750
Albertans who provide a wide range of financial products and advice
in more than 40 communities across central and southern Alberta. It
serves over 125,000 members through a community-focused approach to
banking.
Media ContactsServus Credit
Unionmedia@servus.ca(825) 402-0740
connectFirst Credit UnionBeth KerrManager,
Brand and Communicationsbkerr@connectfirstcu.com(403) 736-4217