Servus Credit Union

💳 Credit 101: Part 3 Why does credit matter? In Part 2, we shared how your credit score is calculated. Now, let’s talk about why credit matters in the first place. Your credit report and score are used by financial institutions to decide whether to approve you for credit products like loans, mortgages, or credit cards. But credit doesn’t just impact your borrowing—it can also affect employment and rental applications, since some employers and landlords may run a credit check. There are several factors (the 5 Cs) that will impact your qualification: ✅ Credit History – Your track record of repayment helps predict your future reliability. ✅ Character – Based on your stability and credit habits, this shows your intent to repay. ✅ Capacity – Can you afford more credit? Lenders look at your debt-to-income ratio. ✅ Capital – Your net worth (assets minus liabilities) can support your application. ✅ Collateral – Assets you own that can secure the loan (like a vehicle or property). Visit out blog to learn more about the 5 Cs: https://ow.ly/pAHq50Vw69Z #credit #financialliteracy

Summer is almost here—and Servus members are getting exclusive perks at WinSport! Whether you're planning weekend adventures or figuring out summer camps for the kids, we’ve got you covered: 1️⃣ Servus members get 10% off: • Mini golf • Summer camps and lessons • Food and beverage • Summer Season Pass 👉Learn how to claim your discount today: https://ow.ly/T4U950VAce7 2️⃣We’re giving away 30 FREE registrations for an August WinSport summer camp!* Enter at any Calgary Servus or connectFirst branch by May 5. 👉Check out all camp options here: https://ow.ly/Oxsm50VAce8 *Entries only accepted in Calgary branches. Giveaway excludes ice and skate camps.

✅ Resume reviews ✅ Interview prep ✅ Real-world job-hunting advice Servus volunteers recently had the chance to support the bright minds of our future workforce through a mock interview day with YMCA Calgary’s YMAP program—a free pre-registered program for high school youth and young adults who are newcomers to Canada. We’re continually inspired by the hard work, determination and big dreams of the youth we meet through this program! Learn more about the YMAP program: https://ow.ly/ph8n50Vz11a

In challenging times, credit unions stand together – rooted locally, united nationally. 💚 Canada’s credit unions were founded on the principles of cooperation and financial security. With deep local ties, strong regulatory oversight, and a century of proven stability, credit unions are uniquely positioned to help Canadians navigate economic uncertainty. At Servus, we’re proud to stand alongside our peers across the country while continuing to serve more than 500,000 Albertans in 80 communities with trusted financial advice, tools, and solutions that promote financial resilience amongst our members. 100% Canadian. 100% Committed. Learn what makes us different: https://ow.ly/g7BS50VxR0T Canadian Credit Union Association

Starting a new job? Direct deposit is the smart move for managing your money from day one. ✅Your pay goes straight into your account ✅You know exactly when it’ll arrive ✅You can automate bills, savings, and budgeting with confidence Convenient. Reliable. Ready when you are. Check out our blog to learn how to set it up: https://ow.ly/e5uo50VpTzG

We know that every dollar counts—especially at the grocery store. With food prices continuing to stretch household budgets, we’ve pulled together 27 practical ways to reduce your food bill without sacrificing quality. 💡 From smarter shopping habits to reducing food waste, these tips are designed to help you save more where it matters. Read the blog here: https://ow.ly/u6S550VtlXu

💳 Credit 101: Part 2️⃣ How is your credit score calculated? In Part 1 of this series, we covered credit reports and what’s included. Now, let’s dive into credit scores – the number that represents your financial reliability. Your credit score is calculated using a mathematical formula that helps lenders quickly assess your financial behaviour. A high credit score signals lower risk, making it easier to get approved for loans, mortgages, and even rental agreements. Your score can go up or down based on five key factors: ✅ Payment history (Do you pay on time?) ✅Credit utilization (How much do you owe?) ✅ Credit history length (How long have you had credit?) ✅ New credit applications (New applications might lower your score temporarily, but by using them and paying them on time, it can be improved.) ✅Types of credit used (Different types of credit give lenders insight into how you manage your money overall.) 💡Understanding these factors can help you make informed financial decisions and improve your score over time. Learn more about your credit score and where to find it: https://ow.ly/5nnL50VvSTB #credit #financialliteracy

💳 Welcome to Credit 101💳 Credit is a powerful financial tool that impacts your ability to borrow money, buy a home, finance a car, and even secure a job. Whether you’re just starting out, or looking to improve your financial health, understanding credit is essential. Credit 101 is our four-part series where we break down everything you need to know! Today, we start with: 1️⃣ Understanding credit reports. A credit report is a summary of your credit history. It includes: ✔ How long you’ve had credit accounts ✔ Whether you pay bills and debt payments on time ✔ How much debt you carry ✔ Your past credit inquiries 💡 Pro tip: Review your credit report at least once a year to catch errors, fraud, or identity theft before they impact your financial future. Learn more: https://ow.ly/zTP750Vp7rO #credit #financialliteracy

At Servus, we know that staying close to the people we serve is fundamental to our success. Our roots run deep in Alberta, and because we’re founded by Albertans, for Albertans, every decision is made locally. That means we understand the unique cycles of industries like energy and agriculture, and we tailor our banking solutions to help individuals, businesses, and communities thrive. Learn more about the credit union difference: https://ow.ly/rfFK50VnFZj

🔍Fraud Prevention Month may be coming to a close, but the need to protect yourself is a year-round responsibility. Fraudsters are getting more sophisticated, using new tactics to trick people out of their hard-earned money. Staying informed and trusting your instincts are the best ways to defend yourself. ✅Be a Deception Detector. If something feels off, it probably is. We’re here to support you in staying one step ahead and protecting your financial future. ✅If you suspect suspicious activity, call the number on the back of your Servus debit card. Learn more about how to protect yourself: https://ow.ly/p8kh50Vkf8s #FraudPreventionMonth