TORONTO, Jan. 2 /CNW/ - Some banking customers in Ontario got a surprise
deposit on New Year's Day. DUCA Financial Services Credit Union distributed
$5.9 million in Bonus Shares, giving as much as $1,000 to some of its
customers who are its members. "The Bonus Share program rewards our members
for our success. We have shared our profits with them since 1999," said Jack
Vanderkooy, President & CEO. The program has paid over $41 million since the
"We are an alternative to the banks. So it is key that people know it
pays to bank at DUCA," added Vanderkooy. "The Bonus Shares are one way DUCA
shows its unique approach to banking. We invite people to come bank with us.
It works. Our members are very loyal."
The interest paid or received by each member determines how many Bonus
Shares they get. This year, DUCA paid out ten per cent of the interest paid
and received by each member. The maximum per member for this year was set at
$1,000. DUCA also paid a five per cent dividend on existing Bonus Shares. Some
members have received more than $16,000 since 1999.
DUCA's success is based on customer-focused service and competitive
interest rates. These are enhanced through the Bonus Share program. In 2007,
its membership grew to more than 34,000. DUCA's assets increased by 11% in
2007 to $843 million.
"We want our members to be satisfied with DUCA's brand of banking. We
want them to feel taken care of at our branches or through the Internet."
continued Vanderkooy. "We offer full banking services for everyone. We then
reward them for banking with us through the Bonus Share program. It is a
distinctive way to promote customer loyalty."
DUCA was founded in 1954. Since then it has grown into a full service
financial institution, offering banking alternatives through a variety of
channels. These include the Internet, ATMs, the telephone and a network of 12
branches in the greater Toronto area. DUCA gives outstanding service, solid
results and exceptional value. More information on DUCA can be found at
For further information:
For further information: Jack Vanderkooy, President & CEO, at (416)
223-8838 x 253