Health Care Credit Union Limited
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About Us
  
Since its incorporation in 1949, Health Care Credit Union has been providing financial services to the health care community in London and area while operating independent of any hospital affiliation. We offer a full range of traditional and internet banking services using the latest technology to more than 3,000 members.

Health Care Credit Union is committed to a collective approach to saving and to using these savings to provide loans at competitive rates to our members.

Meetings and Elections

At the annual membership meeting held each November, the board of directors reports to the membership on the past year's activities. As a member you have the right to elect or serve on the board. This body is responsible for setting all policies as permitted by the Credit Unions and Caisse Populaires Act and the Credit Union's by-laws.

Board of Directors

Chairperson: Nick Kokkoros, Medical Affairs
Vice Chairperson: Sharon Armstrong, Finance
Directors: Stephen Dobie, Human Resources
Jeanne Gibson, Administration Executive Level
Janice Pividor, Library Services
Randa VanderTuin, Volunteer Services
Justin VanderTuin, Student


Mission Statement

To provide the health care community an accessible primary source for financial products and services committed to co-operative principles.

Corporate Purpose

To provide the employees in the bond of association a sound alternative to established financial institutions, while maintaining and promoting the founding principles of the credit union movement.

Corporate Philosophy

The Credit Union believes that its strength lies with the individual member and that the credit union is committed to serving its members by being responsive to their needs. The credit union recognizes the diversity of its membership and is committed to providing a range of services commensurate with those members’ needs. The credit union recognizes the need to educate the members about the co-operative movement and encourage them to exercise their democratic rights within the credit union.

Corporate Objectives

To fulfil its corporate purpose, it is the objective of Health Care Credit Union to:
  • pay market competitive rates on deposits;
  • ensure that it has sufficient capital to meet its needs;
  • provide cost effective services to its members;
  • sustain a positive image for itself and the credit union system;
  • maintain a high quality of work life for its employees, consistent with sound business
     practices and other corporate performance objectives;
  • participate in the development of an effective credit union and co-operative system
     in Canada.




Are Credit Unions Secure?
      

Members’ deposits are insured by the Deposit Insurance Corporation of Ontario, a provincial crown corporation. Each member is insured to a maximum of $100,000 for the combined principal, interest and dividends of that member's totals deposits. Funds held under a RRSP or RRIF contract are separately insured for up to $100,000 for each contract of that member. Joint accounts and trust accounts are also insured separately for up to $100,000. In addition, each person in a trust account is insured separately from the others. Membership shares are NOT insured.

For complete information on insurance coverage, please refer to a DICO brochure entitled "How your Deposits are Insured?" A copy of this brochure may be obtained at the credit union office.

Visit the DICO website, just click here!!
 
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