DUCA Credit Union

DUCA Credit Union
Credit Union
Industry Financial Services
Founded 1954 (1954)
Headquarters Toronto, Canada
Number of locations
 15 branches
Key people
 Doug Conick (CEO)
Number of employees
 150
Website duca.com

DUCA Financial Services Credit Union Limited, commonly shortened to DUCA Credit Union, is a Canadian credit union.[1] Financial products include chequing and savings accounts, loans, mortgages, insurance and small business products.[2] It is a member-owned institution and its deposits are insured through the Deposit Insurance Corporation of Ontario.

History

DUCA was established on May 5, 1954 by Dutch immigrants to Canada under the name Dutch Canadian Toronto Credit Union Ltd.

The company introduced a profit sharing program in 1997. In 2010, DUCA shared $7 million with members.[3]

On November 1, 2000 the credit union changed its official name to its current DUCA Financial Services Credit Union Ltd.[4] DUCA has merged with other credit unions including Torcity Savings Credit Union, Dutch Canadian Credit Union and Virtual One Credit Union Ltd.[5] Today, DUCA has over 59,000 members and over $2.2 billion in assets.[6]

In 2009, DUCA joined the Exchange Network increasing the number of ATMs accessible to members.[7] DUCA is also a member of Interac.[8]

References

  1. ↑ http://www.cnbpa.ca/DUCA_Event_June09.html DUCA
  2. ↑ http://www.duca.com
  3. ↑ DUCA Financial Services Credit Union Ltd. | DUCA shares $7 million in profit with members
  4. ↑ Going Dutch at DUCA earns active members generous Bonus Shares » The Windmill news articles » goDutch
  5. ↑ DUCA set to expand with Virtual One merger - Back Issue - investmentexecutive.com
  6. ↑ http://annualreport.duca.com
  7. ↑ Find An ATM
  8. ↑ Interac Member Lists
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.