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Servus CU selected as Canadian peer's potential merger partner

The board of Canada Safeway Ltd. Employees Savings & Credit Union, or Safeway Credit Union, selected Servus Credit Union Ltd. as a potential merger partner as the former looks to partner with another credit union to meet the long-term needs of its members.

Further due diligence is now underway. May 2018 is the tentative date for a merger, which is subject to regulatory and Safeway member approvals.

In July, it was announced that Servus CU was selected by Inglewood Credit Union as a potential merger partner.