Your Credit Union

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

• Banking
  • Chequing
  • Savings
  • Youth
• Borrowing
  • Mortgages
  • Personal Loans
  • RRSP Loans
  • Lines of Credit
  • MasterCard
  • Go Green Loans & Mortgages
• Financial Planning
• Investing
  • Term Deposits
  • Mutual Funds
  • RRSPs
  • RESPs
  • RRIFs
  • YCU Preferred Shares
• Insurance
  • Critical Illness
  • Disability
  • Home and Auto
  • Life
  • Loss of Employment
  • Travel

External links

• 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)