News at Safeway Credit Union
|Our office will be closed Monday, November 13th for Remembrance Day.
Safeway Credit Union selects Servus Credit Union as potential merger partner
Canada Safeway Limited Employees Savings & Credit Union (Safeway Credit Union) and Servus Credit Union are pleased to announce that the Safeway Board of Directors has selected Servus as a potential merger partner.
The Safeway Board of Directors and management team were looking to the future of the credit union and meeting the long term needs of their members. They determined that their members would be best served by partnering with another credit union.
The Safeway Board conducted a thorough process of discovery to identify a preferred partner. Based on the benefits Servus can provide to Safeway members and employees, the Board selected Servus Credit Union as a potential partner.
A merger is subject to approval by Safeway members and the regulator. Further due diligence is now underway. The tentative date for a merger is June 2018, with all timing still to be confirmed.
We will provide further information as details are approved.
If you should have any questions with regards to the above please contact:
Cliff Roberts, General Manager
64th Annual General Meeting
Thank you to everyone who attended our 64th Annual General meeting. It was a lovely evening catching up with members.
More photos …
Your Deposits are 100% Guaranteed
As a member of Safeway Credit Union, your deposits – including interest earned – are 100% guaranteed by the Credit Union Deposit Guarantee Corporation.
The Credit Union Deposit Guarantee Corporation guarantees the repayment of all deposits with Alberta credit unions, including accrued interest. Additionally, the Credit Union Act provides that the Government of Alberta will ensure that this obligation of the Corporation is carried out.
This guarantee covers all deposits including foreign currency deposits and deposits with terms exceeding five years. It is not affected by a credit union changing its name, amalgamating, or entering into similar types of arrangements.
For more information, visit the Credit Union Deposit Guarantee Corporation’s website.