Your Credit Union

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Your Credit Union
Type Credit Union
Industry Financial services
Founded 1950
Headquarters Ottawa, Ontario[1]
Key people Joel Lalonde, President & CEO
Michael Bradley, Chair of the Board of Directors
Products Checking Accounts
Savings Accounts
Investment Bank
Asset-Based Lending
Consumer finance

Your Credit Union (YCU) is a credit union in Ontario, Canada mainly serving members across the Ottawa-Carleton,[2] Cornwall,[3] and rural Eastern Ontario regions. It is incorporated under the Credit Unions and Caisses Populaires Act, 1994, and is a member of the Deposit Insurance Corporation of Ontario[4] and of Central 1 Credit Union.

YCU has three branches: two in Ottawa and one in Cornwall. The Credit Union's headquarters are located at 14 Chamberlain Ave, Ottawa, Ontario.

YCU comprises five groups: the Education Group, the Municipal Group, the Ottawa Citizen Group, the United Counties Education Group, and the Howard Smith Group,.[5]

  • The Ottawa Municipal Employee's Credit Union was established in 1950.
  • Collegiate Institute Board of Ottawa Teachers' Credit Union established in 1961 and became the Ottawa Education Credit Union in 1969.
  • Merged with the Ottawa Separate School Teachers’ Credit Union and changed its name to the Ottawa Carleton Education Credit Union in 1971
  • Moved to 14 Chamberlain Ave and set up as a head office in 1980
  • The Ottawa Municipal Employee's Credit Union merged with the Ottawa Carleton Education Credit Union in 1998
  • Merged with Ottawa Citizen Employee's Credit Union, United Counties Educational Credit Union, Howard Smith Credit Union in 1999
  • Merged with Trillium Credit Union in 2004
  • Ottawa Carleton Education Credit Union changed its name April 2, 2004 to, Your Credit Union
  • Became open bond, accepting everyone as a member in 2009
  • Launched ATM Partnership with Cornwall Community Hospital in 2012[6]

Your Credit Union became an open bond financial institution in 2009, allowing anyone to become a member. As at September 30, 2013, there were 12,934 members[7] of the Credit Union with over $221 million[8] in assets. Every adult member has at least 5 membership shares and 1 vote in the decision making process and thus all members are equal owners regardless of the size of their deposits.

Products and services offered[edit]

The entrance of Your Credit Union (Chamberlain Branch & Head Office) in Ottawa, Feb 2013
  • Banking
    • Chequing
    • Savings
    • Youth
  • Borrowing
    • Mortgages
    • Personal Loans
    • RRSP Loans
    • Lines of Credit
    • MasterCard
    • Go Green Loans & Mortgages
  • Financial Planning
  • Investing
    • Term Deposits
    • Mutual Funds
    • RRSPs
    • RESPs
    • RRIFs
    • YCU Preferred Shares
  • Insurance
    • Critical Illness
    • Disability
    • Home and Auto
    • Life
    • Loss of Employment
    • Travel


  1. ^ Your Credit Union – Head Office & Chamberlain Branch Ontario Co-operative Association
  2. ^ ATM locations in the city of Ottawa
  3. ^ ATM locations in the city of Cornwall
  4. ^ List of DICO's Insured Credit Unions and Caisses Populaires Deposit Insurance Corporation of Ontario
  5. ^ Your Credit Union – Cornwall Branch (Howard Smith Credit Union) Ontario Co-operative Association
  6. ^ Press Release Cornwall Community Hospital Launches ATM Partnership with Your Credit Union, February 13, 2012
  7. ^ 2013 Audited Financial Statements Audited Financial Statements, P.30
  8. ^ 2013 Annual Report 5-Year Financial History and Summarized Financial Statements, P.8

External links[edit]