About United Employees Credit Union – Where it all began
Established in 1944, United Employees Credit Union was formed under the co-operative principles of people helping people.
Members’ deposits are pooled to be lent to other members who need loans and mortgages.
Profits are given back to members in the form of higher interest on deposits, 5% dividends or improvements to the credit union that help benefit the members. Dividends have been paid annually since 1999. In 2023 the credit union paid eligible members 10% dividends.
Growing from strength to strength, UECU is now a full-service financial institution offering a complete line of competitively priced products and services.
Who can join us? You can!
The original credit union served only employees of Canada Post in the Toronto area and was called The Postal Employees (Toronto) Credit Union. Since then we have joined with other groups to form the present day United Employees Credit Union.
Our other affiliated groups within the Greater Toronto Area, are the Federal Civil Servants, Brewers Retail and Warehousing, Purolator Canada, and Colgate-Palmolive Canada.
In 2003 C.C.G.I. Retail Employees Credit Union joined us. With this Credit Union, we now welcome all employees that work for the George Weston/Loblaws Group of Companies. We also welcome employees to the Independent Order Foresters (IOF).
We also welcome community members. Changes in the Credit Union Act allows people in the neighbouring communities of our branches to join the credit union.
Membership is ownership…
By holding $100 in membership shares of the Credit Union, you are a part owner of your own financial institution.
You can use all the products and services that we offer. Members can vote at annual meetings on strategic issues like electing a board of directors. You can even run for a position on the board.
Members also earn at least 5% dividends annually on a share capital account.
For information on how to become a member click here.