Toronto, August 31, 2010 - DUCA Financial Services Credit Union Ltd. was established on May 5, 1954. The organization was started by 20 members and held $236 in assets. Now, 56 years later, DUCA has grown to a membership of 35,000 served from 12 locations in Southern Ontario and has reached assets of over $1 billion (a milestone that was reached on July 31, 2010).
“This is a great moment for our credit union, our members and employees,” stated Jack Vanderkooy, DUCA’s President and CEO. “This credit union has come a long way from our humble beginnings. What started as a small group of immigrants coming together to help each other with their financial needs has grown to so much more. Now, thousands of people from across Southern Ontario are coming to us for all of their banking requirements.”
“I believe people today are not only looking for competitive rates and low service charges, they are looking for strong corporate values. People want to deal with institutions they can trust, people who can not only help them with their banking needs but that are active in the communities they live in. I believe people view DUCA as that type of organization. This has always been our vision.” says Mr. Vanderkooy.