Grand Opening - Toronto-CBC Branch
Thursday, June 16 - On June 16th, DUCA Financial Services Credit Union, officially re-opened DUCA’s-Toronto CBC branch on 17 John St (At Front) in the heart of the City of Toronto. Among the dignitaries and special guests were Mr. Adam Vaughan, City Councillor for Ward 20 and Mr. Arie Plieger, Deputy Consul General for the Consulate of the Netherlands in Canada, as well as, directors, management and staff of DUCA and of course several members of the CBC branch.
Jack Vanderkooy, President & CEO, gave a brief history of how the CBC (Toronto) Credit Union started on July 25th, 1952 when they were officially incorporated to serve employees of CBC.
In 2004, CBC Toronto Credit Union merged with Virtual One Credit Union, retaining its location in the CBC building. Virtual One Credit Union has its history going back to 1946 when it was the Camera Heights Credit Union serving employees of Kodak in the West end of Toronto. In 2002, with a vision to expand beyond Kodak employees, the credit union expanded its charter and was renamed Virtual One Credit Union.
On January 1, 2011, Virtual One and DUCA merged to become the NEW DUCA, a 16 branch, 43,000 member credit union with assets of $1.175 billion. This merger enables members of the combined credit union to benefit from the great service and products which DUCA offers - high service without the charges, competitive interest rates and profit sharing. DUCA is rooted in the tradition of creating great value for its members in a cooperative spirit of people helping people.
Councilor Adam Vaughan and Mr. Arie Plieger (Deputy Consul General for the Consulate of the Netherlands) help Jack Vanderkooy (DUCA President & CEO) officially open the new branch.
The new branch is located at 17 John Street in Toronto at the base of the CBC building