DUCA Financial Services Credit Union joins Central 1
TORONTO, DUCA Financial Services Credit Union Ltd. has joined the Central 1 family of credit unions. Central 1 is the central financial facility and trade association for the B.C. and Ontario credit union systems. Central 1 represents a consumer-oriented, full-service retail financial system that serves 2.9 million members and holds $83.7 billion in assets and is owned primarily by its member credit unions: 45 in B.C. and 104 in Ontario. It has offices in Vancouver, Mississauga, and Toronto, and provides a wide range of services such as liquidity management, direct banking, and payment service solutions.
"Central 1 has an unrivalled commitment to the success of the Credit Union movement and is a leader in best practice development for credit unions," said Ralph Kikkert, Chair of the Board of DUCA.
"I'm looking forward to strengthening our role and participation within Central 1. DUCA embraces the same values as Central 1 in its relentless pursuit of value and growth. We look forward to a long and successful partnership," added Richard Senechal, newly appointed CEO& President of DUCA.
DUCA opened its first branch in Toronto in 1954 and currently has 15 across Southern Ontario, as well as nearly 43,000 members.