Your Credit Union (Canada) - United Educational Credit Union

Your Credit Union (YourCU) 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.

YourCU has six branches: four in Ottawa and two in Cornwall. The Credit Union's headquarters are located at 14 Chamberlain Ave, Ottawa, Ontario.

Your Credit Union became an open bond financial institution in 2009, allowing anyone to become a member. As at September 30, 2016, there were 11,013 members of the Credit Union with over C$244 million in assets.

As a condition of membership, each member is required under the by-laws to maintain a minimum of one share of the Credit Union, at a value of $5 per share. Members under the age of 18 are not required to purchase membership shares. The shares are redeemable at their paid-up amount when the member withdraws from membership. All members are eligible for exercising their right to vote for a democratically elected Board of Directors at the annual general meeting.

History

Your Credit Union 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
• Opening of a second location in Cornwall and the launch of an e-Signature solution in 2015

5 Ways to bank

• Over-the-Counter in all Your Credit Union offices.
• ATM (YourCU offers a network of over 2500 ATMs surcharge-free)
• Online banking
• Mobile banking on any smart phone or tablet
• Phone banking

Products and services offered

• Banking
  • Chequing
  • Savings
  • HISA and TFSA
  • Youth
  • U.S Chequing and Savings
• Borrowing
  • Mortgages
    • Fixed Rate Mortgage
    • Variable Rate Mortgage
    • High Ratio Mortgage
    • Go Green Mortgage
    • Meritline Home Equity Line-of-Credit
• Loans
  • Fully Secured Loan
  • Car Loan
  • Personal Fixed Rate Loans
  • Bridge Loans
  • Speedy RRSP Loans
• Lines of Credit
  • Personal Line of Credit
  • Student Line of Credit
• CUETS MasterCards
• Financial Planning
• Investing
  • Term Deposits
    • Redeemable & Non-Redeemable
    • Index Linked
    • Flexi Term Deposit
  • Mutual Funds
    • Ethical Funds
    • Northwest Select Portfolios
  • RRSPs
  • RESPs
  • RRIFs
• YCU Preferred Shares
• Insurance
  • Critical Illness
  • Disability
  • Home and Auto
  • Life
  • Loss of Employment
  • Travel

References

External links

• Official Site Homepage of Your Credit Union
• Your Credit Union YourCU on Twitter
• Your Credit Union YourCU on Facebook
• Product and Service brochure Products and services offered by 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)