Your Credit Union (Canada)

This article is about the financial co-operative in Canada. For other uses, see Your Credit Union.
Your Credit Union
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
Melissa Mackenzie, Chief Financial Officer
Products Checking Accounts
Savings Accounts
Insurance
Mortgages
Investment Bank
Asset-Based Lending
Consumer finance
Revenue Increase C$7.087 million (2015)
Increase C$842,000 (2015)
Total assets Decrease C$230.557 million (2015)
Website https://www.yourcu.com/Personal/

Your Credit Union (YourCU) 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.

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, 2015, there were 10,978 members[5] of the Credit Union with over C$230 million[6] 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. 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.[7]

5 Ways to bank

Products and services offered

The main entrance of Your Credit Union (Chamberlain Branch & Head Office) in Ottawa, Sep 2015

References

  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. ↑ Financial statements of Your Credit Union Limited September 30, 2015 Audited Financial Statements, P.28 January 11, 2016
  6. ↑ Financial statements of Your Credit Union Limited September 30, 2015 Audited Financial Statements, P.4 January 11, 2016
  7. ↑ Your Credit Union – Cornwall Branch (Howard Smith Credit Union) Ontario Co-operative Association
  8. ↑ Press Release Cornwall Community Hospital Launches ATM Partnership with Your Credit Union, February 13, 2012
  9. ↑ Press Release Your Credit Union Announces the Opening of a Second Location in Cornwall and the Launch of an E-Signature Solution, January 14, 2015
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