DUCA Financial Services Credit Union Joins Central 1

TORONTO, Sept. 6, 2012 /CNW/ - DUCA Financial Services Credit Union Ltd. today announces DUCA has joined the Central 1 family of credit unions.

"Central 1 has an unrivaled commitment to the success of the Credit Union movement and is a leader in best practice development for credit unions," said Ralph Kikkert, Chair of the Board of DUCA.

"I'm looking forward to strengthening our role and participation within Central 1.  DUCA embraces the same values as Central 1 in its relentless pursuit of value and growth.  We look forward to a long and successful partnership," added Richard Senechal, newly appointed CEO& President of DUCA.

ABOUT DUCA:  DUCA is a full-service financial institution offering its members everything from day-to-day banking to long-term investments. DUCA is owned by its members who annually share in its profits depending on the interest they pay or receive each year.

DUCA has grown from a single branch started in Toronto in 1954 to 15 across Southern Ontario. DUCA now has close to 43,000 members who benefit from exceptional customer service and competitive rates that rank among the best in the business.

ABOUT Central 1: Central 1 is the central financial facility and trade association for the B.C. and Ontario credit union systems. Central 1 represents a consumer-oriented, full-service retail financial system that serves 2.9 million members and holds $83.7 billion in assets and is owned primarily by its member credit unions: 45 in B.C. and 104 in Ontario.   With offices in Vancouver, Mississauga, and Toronto, Central 1 provides a wide range of services such as liquidity management, direct banking, and payment service solutions.

SOURCE: DUCA Financial Services Credit Union Ltd.

MEDIA CONTACT:  For further information on this press release or DUCA, please contact:

Chris Zegers
DUCA Financial Services Credit Union Ltd.
Phone: [phone]  Ext. 278
[email protected]