Your Credit Union
|Key people||Joel Lalonde, President & CEO
Michael Bradley, Chair of the Board of Directors
Your Credit Union (YCU) is a credit union in Ontario, Canada mainly serving members across the Ottawa-Carleton, Cornwall, 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 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,.
- 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
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 of the Credit Union with over $221 million 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
- Personal Loans
- RRSP Loans
- Lines of Credit
- Go Green Loans & Mortgages
- Financial Planning
- Term Deposits
- Mutual Funds
- YCU Preferred Shares
- Critical Illness
- Home and Auto
- Loss of Employment
- Your Credit Union – Head Office & Chamberlain Branch Ontario Co-operative Association
- ATM locations in the city of Ottawa
- ATM locations in the city of Cornwall
- List of DICO's Insured Credit Unions and Caisses Populaires Deposit Insurance Corporation of Ontario
- Your Credit Union – Cornwall Branch (Howard Smith Credit Union) Ontario Co-operative Association
- Press Release Cornwall Community Hospital Launches ATM Partnership with Your Credit Union, February 13, 2012
- 2013 Audited Financial Statements Audited Financial Statements, P.30
- 2013 Annual Report 5-Year Financial History and Summarized Financial Statements, P.8
- Official Site Your Credit Union
- Cooperative Banking
- General information of YCU Credit Unions of Ontario
- YCU: A great backdrop for a government press conference 11/27/2012 Credit Union Central of Canada
- Official Site Central 1 Credit Union
- DICO - Who We Are and What We Do The Deposit Insurance Corporation of Ontario (DICO)