Common Wealth Credit Union is the product of a merger that took place on November 1, 2003 between Border Credit Union, Grande Prairie Credit Union, Fairview Credit Union and Common Wealth Credit Union. The merger created a network of 10 branches and one agency spread from border to border across north central Alberta. In July 2005 Emergency Services Credit Union merged with Common Wealth, providing members the opportunity to access banking services in Edmonton. With the spring opening of a Slave Lake branch, Common Wealth Credit Union will have 15 branches serving 12 communities. A third branch is under construction in Grande Prairie and a replacement branch is planned for Westlock.

Common Wealth Credit Union is a full service financial institution owned by over 52,000 members offering a complete line of personal services including chequing and savings accounts, a variety of investment options, consumer loans and residential mortgages. In recent years Common Wealth has been very successful in gaining market share in the area of commercial and agricultural lending, which now make up close to 60% of their overall lending portfolio. Common Wealth employs 400 service-oriented professionals.

The credit union has achieved continuous double digit growth in all areas of business with an exceptional year in fiscal 2007. Assets increased by 12.5% to $1.6 billion from $1.4 in fiscal 2006. Asset growth was driven largely by the growth in the loan portfolio which increased by 18%. Member deposits increased by 12.5% to $1.46 billion. As a result of a strong fiscal 2007, Common Wealth Credit Union returned $7.1 million back to its members, which equates to 44% of net income before taxes and dividends.

Like all credit unions, Common Wealth Credit Union invests heavily in the communities we serve. Whether it's the sponsorship of minor hockey and soccer teams, lead sponsor for Relay for Life, investment in recreational facilities, or scholarships to ease the financial burden of students, Common Wealth believes in giving back to the community.

Community Savings is the second largest Alberta-based credit union and the sixth largest in Canada offering a complete line of banking products and services, including registered accounts, financing, investments, insurance and commercial banking. These are delivered through the personalized service of a modern branch network, and electronically through extensive ATM, telephone, and online channels.

As a member-owned financial institution, Community Savings serves more than 110,000 individuals and businesses with 30 locations in 24 Alberta communities geographically distributed from Ponoka south to the U.S. border. Community Savings employs 625 people.

During 2007, Community Saving's loan portfolio grew by 17%, deposits increased by more than 10%, and member equity grew by 14%. Over the past five years this successful credit union has nearly doubled its assets, bringing the total to $2.7 billion.

Community Savings recently gave members a record $14.5 million in cash back through Profit Sharing. The annual Profit Sharing Payout is based on Community Savings' profitability and the relationship a member has with the credit union.

Community Savings has grown through intensive business development, strategic mergers and branch expansion. In 2008, the credit union plans to grow even more by adding two new branches in Calgary. There are also plans to expand the service area in Lethbridge by adding a second location. In addition to opening these new branches, Community Savings is planning to relocate our branches in Ponoka, Redcliff and Sylvan Lake.

In 2007, Community Savings gave nearly $1 million in cash to over 500 different non-profit organizations and projects, and over $800,000 as gifts in kind through a generous banking services program. These contributions are focused on youth, recreation, and community facilities. In addition, a newly established scholarship program offers more than $50,000 to graduating high school students throughout the branch service network.

Servus Credit Union is a member-owned, community-based credit union formed November 1, 2006. Servus is the largest credit union in Alberta with roots extending back 70 years. Its heritage embraces 86 credit unions, including Mangan, the first credit union incorporated in Alberta in 1938, and Capital City Savings formed in 1987 from eight credit unions.

Based in Edmonton, Servus Credit Union is the largest credit union in Alberta, providing a complete line of financial services, including loans, deposits, investments, telephone and internet banking, ATMs, debit and credit cards, financial planning, insurance, trust, agricultural and commercial services. A high level of personal service and a variety of electronic service options have repeatedly earned Servus a member satisfaction rating of more than 92% for the past six years.

Servus Credit Union administers $4.2 billion in assets and serves 195,000 members. Approximately 900 employees provide members with financial services through a network of 50 locations in 27 communities spanning Alberta from Fort McMurray to Calgary and Jasper to St. Paul. The credit union has been named one of Canada's 50 Best Managed Companies since 2003.

Servus Credit Union has enjoyed continuous double-digit growth in all areas of business during fiscal 2007 with assets increasing by 27.2%, loans growing by 31.8%, and member deposits increasing by 19.0%. As a result of their success in fiscal 2007, Servus has returned $11.39 million back to their members, which represents 29.0% of their net income before taxes and dividends.

Contributing to the community is a fundamental principle of Servus Credit Union. The goal is to create better communities through donations, fundraising and volunteerism that reflect the values of members and employees. In 2007 Servus provided $575,000 in cash and gifts-in-kind to 525 community organizations and projects.