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Credit Union | |
Industry | Financial services |
Founded | October 1, 2007 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 |
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]
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 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 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.
The Canadian Western Bank is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commercial clients in Western Canada.
Alberta Treasury Branches, doing business as ATB Financial, is a financial institution and Crown corporation owned by the Province of Alberta. ATB operates in Alberta only, providing financial services to over 753,000 Albertans and Alberta-based businesses. ATB has 175 branches and 141 agencies, serving a total of 243 communities in Alberta. Wealth management services are offered by ATB Wealth. ATB has more than 5,700 employees. Headquartered in Edmonton, with total assets of C$51.9 billion, ATB is the largest Alberta-based financial institution.
Mashreqbank PSC is the oldest privately owned bank in the United Arab Emirates. Founded as the Bank of Oman in 1967, Mashreq was the first UAE bank to install ATM cash dispensers, the first to issue debit and credit cards and the first to introduce consumer loans. Today Mashreq provides conventional and Islamic personal banking services including deposits, loans and credit cards; conventional and Islamic investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial in public offering and underwriting; conventional and Islamic asset management services including wealth management.
Alterna Savings is a credit union founded in 1908 in Ottawa. It operates branches in Ontario and direct banking across Canada through its subsidiary Alterna Bank.
Alterna Bank is a full-service bank in Canada concentrating on digital offerings. It is a wholly owned subsidiary of Alterna Savings, an Ontario credit union. The bank offers chequing and high-interest savings accounts and mortgages.
Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta, and in 2015 became the second largest credit union in Canada and the largest credit union in Alberta. Servus has around 380,000 members who are served by close to 2,400 employees from 102 locations in 59 communities across Alberta and as of 2016 has $13.2 billion in assets under its administration.
Envision Financial, a division of First West Credit Union, is based in British Columbia, Canada. Founded in 1946, Envision Financial was established in 2001 through a merger between Lower Mainland-based Delta Credit Union, whose roots were in the fishing industry, and Fraser Valley-based First Heritage Savings Credit Union, which had historic ties to the farming and agriculture industries. First Heritage Savings Credit Union was the product of a merger between East Chilliwack Credit Union and Clearbrook District Mennonite Savings Credit Union in 1983. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.
Island Savings, a division of First West Credit Union, is based in British Columbia, Canada. Since 1951, Island Savings has served communities on Vancouver Island and Gulf Islands.
A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.
Citibank Indonesia is a universal bank that offers a wide range of retail and commercial banking services. Citi has been present in Indonesia since 1968 and is one of the largest foreign banks in the country by asset size. Citibank Indonesia operates 11 branches and 70+ ATMs; it has a customer payment network with more than 50,000 payment points and a corporate distribution network with 4,800 locations across 34 provinces. Citibank Indonesia is a fully owned subsidiary of Citibank NA.
Meridian Credit Union Ltd. is a Canadian credit union. It was formed April 1, 2005, following the merger of Niagara Credit Union and HEPCOE Credit Union. It is insured by the Deposit Insurance Corporation of Ontario.
Treasury Department Federal Credit Union (TDFCU) is a credit union headquartered in Washington, D.C., chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government.
Libro Credit Union, Libro, or Libro Credit Union Limited, is a credit union based in London, Ontario. Libro is owned by its owners, who direct the institution's decisions. Libro offers many financial services, including chequing and savings accounts, loans, mortgages, investments, financial coaching and advice for consumers and farm and business owners. Deposits are insured by the Deposit Insurance Corporation of Ontario (DICO).
First West Credit Union is British Columbia’s third largest credit union with more than $10 billion in assets and nearly 250,000 members. Its core business is traditional banking, the provision of personal and business daily banking services. The 73-year-old organization has the largest geographic reach of any credit union in the province with 50 credit union branches throughout B.C. First West is headquartered in the Vancouver suburb of Langley and has regional administration centres in Duncan on Vancouver Island and in Penticton in B.C.’s Southern Interior.
Beyond Bank is an Australian customer-owned bank operating in South Australia, the Australian Capital Territory, Western Australia and New South Wales. It provides financial services to its members including savings and business accounts, term deposits, loans, insurance and financial planning, and has total assets under management of more than $5 billion. It is a certified B Corp.
Navy Army Community Credit Union is a credit union headquartered in Corpus Christi, Texas, chartered and regulated under the authority of the Texas Credit Union Department of the U.S. federal government. NavyArmy is the largest credit union in the coastal bend. As of October 2016, NavyArmy has over $2.4 billion USD in assets, and over 146,000 members.
Canada has the highest per-capita membership in credit unions in North America. More than a third of the population is a member of at least one credit union. Credit union membership is largest in Quebec, where they are known as caisses populaires, and in western Canada.
DUCA Financial Services Credit Union Limited, commonly shortened to DUCA Credit Union, is a Canadian credit union. Financial products include chequing and savings accounts, loans, mortgages, insurance and small business products. It is a member-owned institution and its deposits are insured through the Deposit Insurance Corporation of Ontario.
Your Credit Union (YourCU.com) 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.
Apple Federal Credit Union is a U.S. credit union headquartered in Fairfax, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Apple FCU has the most branches out of any other Credit Union in the Northern Virginia region. As of September 2018, Apple FCU had over $2.5 billion USD in assets, and more than 205,000 members.