Servus Credit Union will hold its first annual general meeting in Red Deer since the member-owned financial institution was created by the merger of Community Savings, Servus and Common Wealth credit unions on Nov. 1, 2008. The meeting is scheduled for Tuesday, March 16 at 7 p.m. at the Capri Centre. Registration will begin an hour earlier.
The AGM will be broadcast at locations in Calgary, Edmonton, Grande Prairie, Lethbridge, Lloydminster and Medicine Hat. Members can also view the meeting live on Servus’s website at servus.ca. Although its 2009 financial results are not expected to be released until March, Servus announced in December that it was paying $42.2 million to members under its profit-sharing program. Of this total, $14.4 million went to members of the former Community Savings, which was headquartered in Red Deer. The amalgamated credit union has its head office in Edmonton, with a regional office in Red Deer. Last year, Servus’s AGM was held in Lloydminster. Servus has about 400,000 members and operates out of more than 100 locations in 62 communities. Its assets exceed $10 billion.
New housing prices rise in december; victoria, calgary drop
The New Housing Price Index rose 0.4 per cent in December, the same increase as reported in November. Statistics Canada reports prices rose the most in Ottawa—Gatineau (0.8 per cent), followed by St. John’s, N.L., Toronto and Oshawa, Ont., as well as Vancouver, all recording 0.7 per cent increases. Of 21 metropolitan areas surveyed, only Calgary and Victoria (both down 0.2 per cent) recorded decreases in new housing prices.
A story on page C8 of Wednesday’s Advocate had an incorrect name of a business sold to Parkland Income Fund. The actual name of the gas station sold is Rosedale Esso.