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Capital City Savings
Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta, and in 2015 became the second largest credit union in Canada and the largest credit union in Alberta. Servus has around 380,000 members who are served by close to 2,400 employees from 100 locations in 59 communities across Alberta and as of 2021 has $17.2 billion in assets under its administration. History Servus was created through the merger of several smaller, regional credit unions in Alberta, the largest being Capital City Savings & Credit Union, based in Edmonton, which was formed in 1938. The various branches, however, have separate histories going back to 1937. On November 1, 2008, it became Canada's first province-wide credit union when it amalgamated with Community Savings and Common Wealth Credit Union. 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-owner ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ...
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Capital City Savings & Credit Union
Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used for further production *Economic capital * Financial capital, an economic resource measured in terms of money *Capital (Marxism), a central concept in Marxian critique of political economy *Capital good *Natural capital *Public capital *Human capital *Instructional capital *Social capital Architecture and buildings * Capital (architecture), the topmost member of a column or pilaster * Capital (fortification), a proportion of a bastion * The Capital (building), a commercial building in Mumbai, India Arts, entertainment and media Literature Books * ''Das Kapital'' ('Capital: Critique of Political Economy'), a foundational theoretical text by Karl Marx * '' Capital: The Eruption of Delhi'', a 2014 book by Rana Dasgupta * ''Capital'' (novel ...
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Companies Based In Edmonton
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Financial Services Companies Based In Alberta
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Share (finance), shares, Stock, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be Bank, banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are alway ...
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Credit Unions Of Canada
Canada has significant per-capita membership in credit unions, representing more than a third of the working-age population. Credit union membership is largest in Quebec, where they are known as ''caisses populaires'' (people's banks), and in western Canada. Legislation Responsibility for the incorporation and regulation of credit unions resides primarily at the provincial and territorial level in Canada. Credit union legislation exists in every province of Canada but does not currently exist in the three northern territories. Credit unions and ''caisses populaires'' operate in every province of Canada. In Quebec, ''caisses populaires'' are required to be formally federated with the Caisses Populaires Desjardins. Federally regulated credit unions Legislation was adopted under the federal ''Bank Act'' in 2012 to allow for the creation of federal credit unions. On July 1, 2016, the Caisse populaire acadienne ltée (later rebranded as UNI Financial Cooperation), with its 155,00 ...
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Red Deer, Alberta
Red Deer is a city in Alberta, Canada, located midway on the Calgary–Edmonton Corridor. Red Deer serves central Alberta, and key industries include health care, retail trade, construction, oil and gas, hospitality, manufacturing and education. It is surrounded by Red Deer County and borders on Lacombe County. The city is located in aspen parkland, a region of rolling hills, alongside the Red Deer River. History The area was inhabited by First Nations including the Blackfoot, Plains Cree and Stoney before the arrival of European fur traders in the late eighteenth century. A First Nations trail ran from the Montana Territory across the Bow River near present-day Calgary and on to Fort Edmonton, later known as the Calgary and Edmonton Trail. The trail crossed the Red Deer River at a wide, stony shallows. The "Old Red Deer Crossing" is upstream from the present-day city. Cree people called the river , which means "Elk River." European arrivals sometimes called North America ...
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Lloydminster
Lloydminster is a city in Canada which has the unusual geographic distinction of straddling the provincial border between Alberta and Saskatchewan. The city is incorporated by both provinces as a single city with a single municipal administration. History Intended to be an exclusively British utopian settlement centred on the idea of sobriety, Lloydminster was founded in 1903 by the Barr Colonists, who came directly from the United Kingdom. At a time when the area was still part of the North-West Territories, the town was located astride the Fourth Meridian of the Dominion Land Survey. This meridian was intended to coincide with the 110° west longitude, although the imperfect surveying methods of the time led to the surveyed meridian being placed a few hundred metres (yards) west of this longitude. The town was named for George Lloyd, an Anglican priest who would become Bishop of Saskatchewan in 1922. Lloyd was a strong opponent of non-British immigration to Canada. Durin ...
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Servus Credit Union
Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta, and in 2015 became the second largest credit union in Canada and the largest credit union in Alberta. Servus has around 380,000 members who are served by close to 2,400 employees from 100 locations in 59 communities across Alberta and as of 2021 has $17.2 billion in assets under its administration. History Servus was created through the merger of several smaller, regional credit unions in Alberta, the largest being Capital City Savings & Credit Union, based in Edmonton, which was formed in 1938. The various branches, however, have separate histories going back to 1937. On November 1, 2008, it became Canada's first province-wide credit union when it amalgamated with Community Savings and Common Wealth Credit Union. 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-owne ...
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Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ...
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Alberta
Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Territories (NWT) to the north, and the U.S. state of Montana to the south. It is one of the only two landlocked provinces in Canada (Saskatchewan being the other). The eastern part of the province is occupied by the Great Plains, while the western part borders the Rocky Mountains. The province has a predominantly continental climate but experiences quick temperature changes due to air aridity. Seasonal temperature swings are less pronounced in western Alberta due to occasional Chinook winds. Alberta is the fourth largest province by area at , and the fourth most populous, being home to 4,262,635 people. Alberta's capital is Edmonton, while Calgary is its largest city. The two are Alberta's largest census metropolitan areas. More tha ...
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