EDMONTON, Alberta–Servus Credit Union here said it will give away $1 million to one lucky winner this Spring as part of its “The Big Share Contest,” which it
described as the biggest of its kind in Canada.
According to Servus CU, the Big Share is designed to encourage people to save and to celebrate the millions of dollars in Profit Share Servus pays to members each year. The credit union noted it has paid its members more than $472 million in profits and dividends since 2008.
"We know that saving contributes to people feeling more resilient and positive about their money. So, to give people more incentive to save and invest, we're giving $1 million from our profits to a single winner," said Dion Linke, chief operating officer at Servus Credit Union, in a statement. "Servus gives Albertans the opportunity to feel good about their money by saving and earning more Profit Share Rewards cash on those savings."
Servus said all existing Servus members will receive one entry for every $1 of Profit Share Rewards cash received in December 2018 (one entry minimum). Additional entries will be given for every $500 that is deposited in a Servus savings account between Jan. 1 and April 30, whether it's in a savings or checking account, Guaranteed Investment Certificate, or Tax-Free Savings Account.
‘Nobody Loses’
"Nobody loses with this contest," added Linke. "Not only will members be saving their money for a chance to win, but they'll also be earning interest, Profit Share Rewards cash, and one member will walk away with a million dollars.” The winner of The Big Share will be announced June 3, 2019.
In December, Servus Credit Union paid out $52.4 million as part of its annual Profit Share program, including $30.6 million in patronage (Profit Share Rewards cash), $18.1 million in common share dividends and $5.2 million in investment share dividends.
More information is available at servus.ca/thebigshare.