DUCA Appoints New Chairman of the Board

Toronto-Based Financial Institution Appoints Tom Vandeloo As Chairman of The Board With Immediate Effect

TORONTO, April 21, 2016 /CNW/ - DUCA Financial Services Credit Union Ltd., announced today that Mr. Tom Vandeloo is assuming the duties of Chairman of the Board, effective April 21, 2016.

Mr. Vandeloo was first elected to the Board at DUCA in 2015. In his new role as Chairman, Mr. Vandeloo will draw on his extensive 23-year career as a trusted advisor to executives in numerous industries across Canada. He currently leads an established consulting practice in business strategy and performance improvement projects.

The appointment is part of DUCA's long term Chairman succession plan. Past Chairman Mr. Ralph Kikkert will now assume the post of Vice-Chairman of the Board to support this important transition. Mr. Kikkert served as DUCA's Chairman for the past ten years, guiding a period of significant growth for DUCA. Mr. Kikkert the Board of Directors commend Mr. Vandeloo for his leadership and thank him for his continuing commitment to the achievement of DUCA's strategic goals and objectives.

About DUCA:
DUCA Financial Services Credit Union Ltd. (DUCA) was formed in 1954 and has grown from a single branch credit union in Toronto to 15 branches across Southern Ontario with nearly 50,000 Members. DUCA provides innovative Co-Operative Banking as an attractive alternative to traditional banking institutions. Visit: www.DUCA.com

SOURCE DUCA Financial Services Credit Union Ltd.

For further information: Keith Taylor, AVP, Community and Public Relations, DUCA Financial Services Credit Union Ltd., ktaylor@duca.com, 416-223-8838

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