DUCA Financial Services
Member-owned credit union serving Southern Ontario.
Overview
DUCA Financial Services is an Ontario credit union founded in 1954, serving members across Southern Ontario through 19 branches; it was the first Canadian credit union to earn B Corp certification and merged with United Employees Credit Union in 2024.
No-Fee Chequing Accounts
Free*
- Minimum balance required
Specific thresholds vary by credit union. Visit DUCA Financial Services's website for current requirements.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.10% |
| 3-Year GIC | 3.40% |
| 5-Year GIC | 3.70% |
Pros
- • Deposit insurance up to $250,000 per category through FSRA
- • No-fee chequing available with a minimum balance requirement
- • Solid digital banking with mobile app, online banking, and Interac e-Transfer
Cons
- • Fewer specialized financial products and international banking services than other institutions
Best For
Products & Accounts
Membership Eligibility
Must live or work in Ontario (primarily GTA)
DUCA primarily serves Ontario residents, with most branches in the Greater Toronto Area.
Deposit Protection
FSRA
Unlimited in registered accounts. $250,000 per category in non-registered.
Financial Services Regulatory Authority of Ontario (FSRA) provides unlimited protection in registered accounts and up to $250,000 per category in non-registered accounts at Ontario credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratinggood
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Last researched Mar 23, 2026. Always verify rates directly on the official website before making financial decisions.
Official WebsiteRelated reading
