servus credit union online banking in Saskatchewan (2024)

FAQs

Is Servus Credit Union Canada wide? ›

Servus Credit Union (as we now know it today) is formed when Servus Credit Union, Community Savings and Common Wealth Credit Union amalgamate on November 1, 2008 to become Canada's first province-wide credit union.

It's available for both personal and business members. Sign in to online banking using the link at the top of this page. Servus has measures in place to safeguard your privacy and security. Learn about online banking security.

As Chair, Dooley will work closely with the other Board Directors and the President and CEO to oversee the organization's strategic direction and governance. In a landmark move for cooperative banking in Alberta, Servus and connectFirst Credit Unions announced that their merger closed on May 1, 2024.

To gain access to your online account simply register for online banking by filling in the online form. Once submitted, the Credit Union will contact you to confirm your details and soon after you will receive a PIN in the post.

Structure. 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.

The largest of these include Vancity, Coast Capital Savings, Meridian Credit Union, Servus Credit Union, First West Credit Union, Alterna Savings and Credit Union Limited, Conexus Credit Union, Affinity Credit Union, Steinbach Credit Union, and Assiniboine Credit Union.

Enjoy peace of mind knowing deposits at Servus are 100% guaranteed by the Credit Union Deposit Guarantee Corporation. This means the money you put in and the interest earned is safe and secure — up to any dollar amount.

One question that often arises is, "Are Credit Unions Safer than Banks?" If you're looking for a short answer, you'll be happy to know that we're not making you read the whole post: Credit Unions and banks are roughly identical in safety because deposits at both are insured by the Federal government to $250,000.

Can I transfer money from credit union to bank online? ›

Electronic Funds Transfer (EFT)

If you collect a loan or withdraw money from your savings, we can issue either cash or a cheque and are now able to offer you a third option – Electronic Funds Transfer! We can transfer funds directly to, either your bank account, or another account of your choice, e.g. to pay a bill.

Electronic Fund Transfer (EFT): This is a popular method for transferring money between credit unions. It allows you to initiate the transfer online or through your credit union's mobile app. You will need to provide the account numbers and routing numbers for both your source and destination credit union accounts.

And because of that we're now Alberta's largest credit union with more than 100 branches and nearly 380,000 owners who believe in the power of member banking.

85,000 credit unions in 118 countries improve the lives and communities of 274 million members.

On average, credit unions have lower fees for their products, such as chequing accounts. They also offer higher interest rates on their savings accounts and term deposits and, more favourable, lower rates on their loans and mortgages.