Values
Trust
Loyalty
Compassion
Our Story
Welcome to an
exclusive financial institution that has been meeting
our member’s financial needs from start to finish for
over 71 years. We believe that our members deserve an
opportunity to achieve well being and help our community
prosper as a whole. You will see that we offer
everything you may find at a major financial
institution, but with unique benefits that ownership
brings.
See what our members are saying about us...
Each year the
profits we make are either put towards additional free
products or services, into the credit union’s financial
reserve to increase our financial stability or given
back to the member in the form of loan interest rebates
and bonus interest.
At TEUCU loyalty is rewarded. The
more you use the services of our credit union, the more
you will receive. Our membership
packages give our members the flexibility to avoid
service charges and fees that are usually the norm at
most large financial institutions.
If you have questions about our products
or services please call us at 416-542 2522, visit us
online at www.teucu.com,
or drop in either of our branch
locations, 14 Carlton Street or 500 Commissioners
Street.
Our History
In
1939, a group from the Local One of the Canadian Union
of Public Employees determined that the dignity of the
worker was undermined by the Banks, which at that time
would not lend money to a worker without a letter of
recommendation from the employer. A Credit Union was
formed which became incorporated on March 18, 1941.
The Credit Union serves the employees of Toronto Hydro
and the Plant Electrical Engineering Department of the
TTC.
The Credit Union was founded on democratic
principles, to provide savings and loan facilities for
the members and their immediate families, and includes
employees from all areas of our bond, management as
well as union, and loyal members who retain their connection
in retirement.
The Credit Union prospered and grew,
and now boasts a membership of 2500 with assets in excess
of $26 million, and one of the best reserves of any
Credit Union in Ontario.
Each member must hold five shares
of $5.00 for a total of $25.00. This entitles each member
to one vote at membership meetings held at least annually,
and a say in the selection of the Board of Directors.
Corporate Purpose
TEUCU Mission Statement/Vision Statement Leveraging our
strengths to provide a stable financial environment,
enabling growth, prosperity and wellness for our
community.
TEUCU Commitment
To guide you on your personal
journey by providing the privileges of membership.
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