Institution profile · Provincial credit union
Servus Credit Union
ActiveServus Credit Union Ltd.Provincial insurer
Servus is an Alberta credit union that merged with connectFirst on May 1, 2024. Its deposits are fully guaranteed by Alberta’s CUDGC.
Profile facts checked October 30, 2026
Mitey files the Servus Credit Union index card: cheapest everyday account $221 a year.
Is Servus Credit Union a good bank for everyday banking?
Servus Credit Union’s cheapest chequing account open to anyone, Servus Personal Essential Plan, costs $221 a year for a typical household (25 debit purchases, 6 bills and 5 e-Transfers a month), $138 below the national median of $359. A provincial insurer, not CDIC, protects its deposits.
At a glance
- Legal name
- Servus Credit Union Ltd.
- Type
- Provincial credit union
- Head office
- Edmonton, AB
- Founded
- 1938 — Servus traces its story to September 27, 1938.
- Regulator
- Credit Union Deposit Guarantee Corporation (Alberta)
- Cheapest everyday account
- Servus Personal Essential Plan — $221 a year for the Everyday example
- Website
- servus.ca
Is my money safe at Servus Credit Union?
Deposits guaranteed by Alberta’s Credit Union Deposit Guarantee Corporation (100%, no dollar limit). Not CDIC.
Provincial rules: Alberta — 100%.
What do Servus Credit Union’s chequing accounts cost?
Servus Credit Union lists 6 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Servus Personal Essential Plan at $221 a year. Accounts limited to a group are marked.
| Account | Monthly fee and waiver | Included | Fees a year |
|---|---|---|---|
| Servus Youth PlanYouth (18 and under) | No monthly fee | 60 a month | $18 |
| Servus Personal Essential Plan | $3.95–$16.95/mo, or $0 with a $4,000 minimum balance | Unlimited | $221 |
| Servus Personal Basic Plan | $3.95/mo, no balance waiver | 18 a month | $440 |
| Servus 17-25 Be Free PlanYouth (18 and under) | No monthly fee | Unlimited | n/a |
| Servus Senior Unlimited PlanSeniors | No monthly fee | Unlimited | n/a |
| Servus Personal Premium Unlimited Plan | $25.00/mo, or $0 with a $5,000 minimum balance | Unlimited | n/a |
- Servus Youth Plan · youth only$18
- Servus Personal Essential Plan$221
- Servus Personal Basic Plan$440
- Cheapest in Canada: Personal Account · EQ Bank$0
- Median nationwide account$359
What would Servus Credit Union cost a typical household?
The cheapest Servus Credit Union account open to anyone for each of our four usage profiles, against the cheapest account in Canada for the same banking. Profiles are defined in the finder.
| Profile | Cheapest at Servus Credit Union | Fees/yr | Cheapest in Canada | Fees/yr |
|---|---|---|---|---|
| Light Mostly card and app, small balance | Servus Personal Basic Plan | $77 | PC Money Account PC Financial | $0 |
| Everyday Household account, a few e-Transfers | Servus Personal Essential Plan | $221 | Personal Account EQ Bank | $0 |
| Heavy Lots of card, bill and e-Transfer payments | Servus Personal Essential Plan | $239 | Personal Account EQ Bank | $0 |
| Branch and cheques Teller visits, cheques, paper statement | Servus Personal Basic Plan | $167 | Basic Bank Account Scotiabank | $134 |
Worked example — Servus Personal Essential Plan (Servus Credit Union), Everyday profile
| Monthly fee (not waived: needs $4,000, $3,000 more than the $1,000 low balance) × 12 | $203.40 |
| Transactions beyond the included number (0 a month) × 12 | $0 |
| Other-bank ATM access fees (1 a month) × 12 | $18 |
| Paper statements × 12 | $0 |
| Fees a year | $221.40 |
Our take
Servus Credit Union is competitive: its cheapest open account costs less than the median Canadian account for everyday use. The cheapest account in Canada would save another $221 a year.
What else should you know about Servus Credit Union?
- connectFirst and Servus credit unions merged on May 1, 2024.Source: servus.ca
- Its regulator, the Credit Union Deposit Guarantee Corporation, guarantees member deposits.Source: servus.ca
- Lists U.S. dollar accounts among its personal banking products.Source: servus.ca
Your own pattern can change the order. Put your numbers into the true-cost finder to rank Servus Credit Union’s accounts against everyone else’s.
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