Here is a list of all documented class members with links to the class documentation for each member. Jan 1 - April 30 The Servus Big Share is back! Last year, we shared big by giving away $1 million to one lucky member. This year, it could be you! The more money you invest, the more chances you'll have to win! What is the Big Share?
EDMONTON, Alberta, Sept. 25, 2020 (GLOBE NEWSWIRE) -- Today Servus Credit Union released its third quarter results for the 2020 fiscal year. In a quarter marked by the continued effects of COVID-19, Servus's financial results reflect the credit union's commitment to supporting members while maintaining a strong financial position for years to come.
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'Throughout the past several months, we've supported many of our members through some of the most trying financial times they may have ever experienced. All along, Servus has been in a strong position to be able to help them,' says Garth Warner, President & CEO of Servus Credit Union. 'I'm so proud of the way we've been able to do this. More than ever, we leaned into our noble purpose and supported our members to manage their financial fitness, while staying true to our history and values as a credit union.
'Though we've certainly seen a lot change from what we originally expected to see in 2020, we've maintained our strong and stable foundation established from years of careful cost management and building capital reserves above legislated requirements. This position has allowed us to support our members and identify opportunities to enhance how we serve them through the crisis and beyond, all while staying true to our founding principles.'
Key performance indicators (all figures compare Q3 2020 to Q3 2019):
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- Assets grew 5.9% to $17.3 billion.
- Net income (after dividends, patronage and taxes) fell by 39% to $11.2 million.
- Deposits increased by 6.5% to $13.9 billion.
- Loans expanded by 1.9% to $14.7 billion.
- Retained earnings were boosted by 5.6% to $959.4 million and our capital is well over the legislated requirement.
While net income for the quarter is down due to changes in consumer behaviour resulting from the pandemic and weak economy, deposits increased to $13.9 billion, up 6.5% from the same quarter in FY19. The biggest factor in the lower income figure is a significant increase in loan loss provisions — these do not indicate actual loan defaults, but are funds set aside in anticipation of higher expected losses based on how the economy is performing. Photo eraser inpaint 1 64gb. Additionally, we've also seen our members' spending patterns change, resulting in a reduction in transaction volumes and associated revenues.
'The results reflected in our net income are not surprising — we knew we would continue to see impacts from COVID-19 this quarter. That said, we have worked hard to remain profitable throughout this period and are proud we've been able to achieve that,' explained Mr. Warner. 'We're also encouraged by how many of our members are seeing this as an opportunity to strengthen their financial fitness, which is reflected in our deposit and asset growth.'
The Servus Feel Good Movement
In May, Servus launched the Servus Feel Good Movement™ to help make a positive impact for our members and Albertans overall. With the Movement, Servus expects to give $1 million to programs and initiatives that help people start to feel good again throughout the remaining of the 2020 fiscal year. So far, Servus has given more than $180,000 to a number of organizations across the province including distress centres that operate Alberta's 211 helpline.
In June, Servus also added a nomination program to the Movement asking Albertans to nominate deserving people, non-profits and community initiatives for the chance to receive a gift valued up to $1000. Since June, Servus has awarded $52,000 from this program.
About Servus Credit Union Ltd.
At Servus Credit Union we're building a better world, one member at a time. We've been shaping the financial fitness of Albertans for 80 years with a full line of secure financial services. We help members manage their money wherever they are through 101 branches in 59 communities; online, mobile and telephone banking; and 1900 no-fee ATMs across Canada. We re-invest our profits in our members and the communities we serve. For more information, call 1.877.378.8728 or visit servus.ca.
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Amanda LeNeve
Manager, Media & Member Engagement
T: 587-920-9158
Email: amanda.leneve@servus.ca
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| Look up servus in Wiktionary, the free dictionary. |
Servus (German: Servus, Slovak: Servus, Slovene: Serbus or Servus, Serbian: Serbus or Servus (Сербус, Сервус), Croatian: Serbus or Servus, Hungarian: Szervusz, Polish: Serwus, Austrian German: Servus or Seavas, Romanian: Servus, Slovene: Serbus or Servus, Czech: Servus, Ukrainian: Сервус) is a salutation used in many parts of Central and Eastern Europe. It is a word of greeting or parting like the Italian 'Ciao'.[1]
Etymology[edit]
These words originate from servus, the Latin word for servant or slave. (Servus is also the origin of the word 'serf'.) The phrase is an ellipsis of a Latin expression servus humillimus, domine spectabilis, meaning '[your] most humble servant, [my] noble lord'. No subservience is implied in its modern use, which has the force of 'at your service'.[1]
Usage[edit]
Use of this salute is roughly coincident with the boundaries of the former Austro-Hungarian Empire. It is especially popular in Austria, Hungary, Slovakia, Romania (mostly in Transylvania), as well as in southern parts of Germany (Bavaria, Baden-Württemberg, Palatinate, middle and southern Hesse), northern Croatia, eastern Slovenia (mostly in Slovenian Styria), and western Ukraine. It may be rarely used in Czech Republic and Poland (where it is considered an archaism, not used in common speech). The word may be used as a greeting, a parting salutation, or as both, depending on the region and context.[1] Capture one 9 3 0 – raw workflow software.
Despite its formal origins, 'servus' is now used as an informal salute in Bavaria, Baden-Württemberg, Austria, Südtirol, Slovenia, Hungary, and Romania.[1] In Hungarian, several shortened versions of 'szervusz' remain popular, like 'szevasz', 'szeva', 'szia', and 'szió'.[2]
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See also[edit]
- Ciao, an Italian salute of similar origin
- Tjenare, a Swedish greeting of similar origin
References[edit]
- ^ abcdwiktionary:servus
- ^Kálmán László (7 September 2010). 'Latin szolgák'. Nyelv és Tudomány.
