Your Neighbourhood Credit Union

Last updated
Your Neighbourhood Credit Union
Credit Union
Industry Financial services
FoundedOctober 1, 2007;12 years ago (2007-10-01) in Kitchener, Ontario, Canada
Key people
Kerry Hadad, CEO
John Haines, Chair, Board of Directors
Products Checking Accounts
Insurance
Mortgages
Investments
Loan Products
Consumer finance
Farm and Small Business
Website yncu.com

Your Neighbourhood Credit Union (YNCU) is a credit union based in Ontario, Canada. The corporate office is located in Kitchener, Ontario. There are seventeen branches in southern Ontario located in Kitchener-Waterloo, Cambridge, Brantford, Guelph, Paris, Windsor, LaSalle, Sebringville, Stratford, Mitchell, Shakespeare, London, and Woodstock. There are three branches in northern Ontario (Community First Credit Union) in Sault Ste. Marie (2) and Timmins. There are currently 52,000 members, and $1.5 billion in assets. [1]

Credit union member-owned financial cooperative

A credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its members credit at competitive rates as well as other financial services.

Ontario Province of Canada

Ontario is one of the 13 provinces and territories of Canada. Located in Central Canada, it is Canada's most populous province accounting for 38.3 percent of the country's population, and is the second-largest province in total area. Ontario is fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is also Ontario's provincial capital.

Canada Country in North America

Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres, making it the world's second-largest country by total area. Its southern border with the United States, stretching some 8,891 kilometres (5,525 mi), is the world's longest bi-national land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

YNCU offers financial services, including everyday chequing and savings accounts, various loan products, mortgages, and investments. Members include consumers, farm and business owners. Deposits are insured by the Deposit Insurance Corporation of Ontario (DICO).

Wealth Management services are offered at Your Neighbourhood Credit Union, as well as Community First. Wealth Management services include portfolio reviews, retirement savings and income, estate planning, business succession planning, education planning and more.

Succession planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Taken narrowly, "replacement planning" for key roles is the heart of succession planning.

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References

  1. "Your Neighbourhood Credit Union" (PDF). yncu.com. Retrieved May 17, 2017.