Richard Senechal as President & CEO Resigns from DUCA Financial Services Credit Union Ltd.

TORONTO, March 31, 2016 /CNW/ - Mr. Ralph Kikkert, Chairman of the Board of Directors at DUCA Financial Services Credit Union Ltd., announced today that Mr. Richard Senechal officially resigned from his post as President & CEO, effective March 30, 2016.

Mr. Senechal served DUCA in various positions for over 36 years including that of Chairman of the Board of Directors and, for the past four years, as President & CEO. During his tenure, DUCA grew in both assets and loans, enhanced its wealth management capabilities, completed DUCA's first successful capital raise campaign, oversaw a company-wide re-branding, and embraced new technologies as a way to streamline the banking experience.

Mr. Kikkert and the Board of Directors thank Mr. Senechal for his dedicated service to DUCA as Board Member, Board Chair, and CEO. Richard's passion for DUCA's success, his energy, innovative ideas, and tireless efforts will not be forgotten and we wish him all the best."

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

For further information: John Jenner, VP, Marketing, DUCA Financial Services Credit Union Ltd., jjenner@duca.com, 416-223-8838

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