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Kawartha Credit Union

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Kawartha Credit Union is a Canadian credit union that operates 23 branches in central Ontario. Its headquarters are in Peterborough.[1]

The company has over 48,000 members and 360 employees and a network of 23 branches in Ontario. This includes original Kawartha's branches in Lindsay, Bracebridge, Huntsville, Burk's Falls, South River, Parry Sound, Trenton, Kingston, Napanee, Brockville and Cornwall.[2][3] As of 2018 the credit union has $1.66 billion in assets. [4]

Kawartha Credit Union is insured by the Deposit Insurance Corporation of Ontario.[5]

History[edit]

Kawartha Credit Union was founded as the Cangeco (Peterborough) Credit Union in 1952 by employees of the Maintenance and Repair Department of Canadian General Electric in Peterborough to serve its employees. Its first office was inside the Canada GE plant. [6] [7][8] In 1978 it opened its membership to the general public and changed its name to the Kawartha Credit Union.

In March 2012, its members agreed to merge with Unity Savings and Credit Union under the Kawartha Credit Union name. The merger was completed on March 31, 2012.[9]

Merger with Unity Savings and Credit Union[edit]

Unity Savings and Credit Union brought six branches to the combined company, with three locations in Kingston and branches in Napanee, Brockville and Cornwall.

Unity was founded in 1951 as a credit union for Alcan employees in Kingston, and is the result of mergers with several other credit unions:[10]

  • Alcan Employees (Kingston) – founding Credit Union
  • Kingston Newspaper Employees – merged in 1994
  • Nylon Employees (Kingston) – merged in 1995
  • Brockville Wire Workers & Black and Decker (Brockville) – merged in 1996
  • Municipal Employees Brockville – merged in 1997
  • Lennox and Addington Education Credit Union – merged in 1997
  • Hotel Dieu Hospital (Kingston) – merged in 1998
  • Cornwall Community – merged in 2000
  • Education Family (Kingston) – merged in 2001
  • Rideau St. Lawrence Community Credit Union – merged in 2005
  • Maitland Credit Union – merged in 2006

External links[edit]

References[edit]

https://www.kawarthacu.com/AboutUs/WhoWeAre/

Marr, Danielle (2018-05-10). "Kawartha Credit Union closing in Magnetawan and Emsdale". NorthbayNipissing.com. Retrieved 2018-06-22.

“Credit unions merger approved”, Lindsay Post, March 16, 2012

https://www.kawarthacu.com/SharedContent/documents/2019/2018AnnualReport.pdf

Kawartha Credit Union About Us

Leal, Jeff (2006-12-14). "Cooperatives". Hansard Transcripts. Legislative Assembly of Ontario. So they formed a credit union in Peterborough called Cangeco, which, when you look at that, is the short form of Canadian General Electric Co. They put together this Cangeco Credit Union in 1960. It was an opportunity for just ordinary workers to sit on the board. It was an opportunity for just ordinary workers to learn about board governance. It was about opportunities for ordinary workers to develop operating policies. Those skills that were learned in those early days in the 1960s -- learning about how to operate on a board, how to establish operating policies, how to market a product to employees -- were really a learning experience for those individuals, who took those skills back into the General Electric plant and used them to further advance their career at GE. They also took those skills and were able to apply them to organizations outside the working environment, those organizations in a community where those skills to sit on volunteer boards are really required. Under that, Cangeco existed until the 1980s, when it went larger than just serving Canadian General Electric employees and went to the broader public. It developed into what it is today, Kawartha Credit Union, with several branches throughout east-central Ontario.

"Kawartha Credit Union - Our History". Kawartha Credit Union. Retrieved 2018-06-22.

https://www.kawarthacu.com/AboutUs/WhoWeAre/OurHistory/

Deposit Insurance Corporation of Ontario Insured Institution Mergers, accessed 2017-08-07

Unity Savings About Us

Kawartha Credit Union[edit]

     

The Kawartha Credit Union is a Canadian credit union that operates 23 branches in central Ontario. Its headquarters are in Peterborough.

The company has over 50,000 members and 370 employees and a network of 23 branches in Ontario. This includes original Kawartha's branches in Lindsay, Bracebridge, Huntsville, Burk's Falls, South River, Parry Sound, Trenton, Kingston, Napanee, Brockville and Cornwall. As of 2018 the credit union has $1.66 billion in assets.

Kawartha Credit Union is insured by the Deposit Insurance Corporation of Ontario.

History

Kawartha Credit Union was founded as the Cangeco (Peterborough) Credit Union in 1952 by employees of the Maintenance and Repair Department of Canadian General Electric in Peterborough to serve its employees. Its first office was inside the Canada GE plant. In 1978 it opened its membership to the general public and changed its name to the Kawartha Credit Union.

In March 2012, its members agreed to merge with Unity Savings and Credit Union under the Kawartha Credit Union name. The merger was completed on March 31, 2012.

Merger with Unity Savings and Credit Union

Unity Savings and Credit Union brought six branches to the combined company, with three locations in Kingston and branches in Napanee, Brockville and Cornwall.

Unity was founded in 1951 as a credit union for Alcan employees in Kingston, and is the result of mergers with several other credit unions:

Alcan Employees (Kingston) – founding Credit Union Kingston Newspaper Employees – merged in 1994 Nylon Employees (Kingston) – merged in 1995 Brockville Wire Workers & Black and Decker (Brockville) – merged in 1996 Municipal Employees Brockville – merged in 1997 Lennox and Addington Education Credit Union – merged in 1997 Hotel Dieu Hospital (Kingston) – merged in 1998 Cornwall Community – merged in 2000 Education Family (Kingston) – merged in 2001 Rideau St. Lawrence Community Credit Union – merged in 2005 Maitland Credit Union – merged in 2006 External links Official Site vte Banks and credit unions in Canada

Category:Credit unions of Ontario

References  

https://www.kawarthacu.com/AboutUs/WhoWeAre/

Marr, Danielle (2018-05-10). "Kawartha Credit Union closing in Magnetawan and Emsdale". NorthbayNipissing.com. Retrieved 2018-06-22.

“Credit unions merger approved”, Lindsay Post, March 16, 2012

https://www.kawarthacu.com/SharedContent/documents/2019/2018AnnualReport.pdf

Kawartha Credit Union About Us

Leal, Jeff (2006-12-14). "Cooperatives". Hansard Transcripts. Legislative Assembly of Ontario. So they formed a credit union in Peterborough called Cangeco, which, when you look at that, is the short form of Canadian General Electric Co. They put together this Cangeco Credit Union in 1960. It was an opportunity for just ordinary workers to sit on the board. It was an opportunity for just ordinary workers to learn about board governance. It was about opportunities for ordinary workers to develop operating policies. Those skills that were learned in those early days in the 1960s -- learning about how to operate on a board, how to establish operating policies, how to market a product to employees -- were really a learning experience for those individuals, who took those skills back into the General Electric plant and used them to further advance their career at GE. They also took those skills and were able to apply them to organizations outside the working environment, those organizations in a community where those skills to sit on volunteer boards are really required. Under that, Cangeco existed until the 1980s, when it went larger than just serving Canadian General Electric employees and went to the broader public. It developed into what it is today, Kawartha Credit Union, with several branches throughout east-central Ontario.

"Kawartha Credit Union - Our History". Kawartha Credit Union. Retrieved 2018-06-22.

https://www.kawarthacu.com/AboutUs/WhoWeAre/OurHistory/

Deposit Insurance Corporation of Ontario Insured Institution Mergers, accessed 2017-08-07

Unity Savings About Us


This article "Kawartha Credit Union" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Kawartha Credit Union. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

  1. https://www.kawarthacu.com/AboutUs/WhoWeAre/
  2. Marr, Danielle (2018-05-10). "Kawartha Credit Union closing in Magnetawan and Emsdale". NorthbayNipissing.com. Retrieved 2018-06-22.
  3. “Credit unions merger approved”, Lindsay Post, March 16, 2012
  4. https://www.kawarthacu.com/SharedContent/documents/2019/2018AnnualReport.pdf
  5. Kawartha Credit Union About Us
  6. Leal, Jeff (2006-12-14). "Cooperatives". Hansard Transcripts. Legislative Assembly of Ontario. So they formed a credit union in Peterborough called Cangeco, which, when you look at that, is the short form of Canadian General Electric Co. They put together this Cangeco Credit Union in 1960. It was an opportunity for just ordinary workers to sit on the board. It was an opportunity for just ordinary workers to learn about board governance. It was about opportunities for ordinary workers to develop operating policies. Those skills that were learned in those early days in the 1960s -- learning about how to operate on a board, how to establish operating policies, how to market a product to employees -- were really a learning experience for those individuals, who took those skills back into the General Electric plant and used them to further advance their career at GE. They also took those skills and were able to apply them to organizations outside the working environment, those organizations in a community where those skills to sit on volunteer boards are really required. Under that, Cangeco existed until the 1980s, when it went larger than just serving Canadian General Electric employees and went to the broader public. It developed into what it is today, Kawartha Credit Union, with several branches throughout east-central Ontario.
  7. "Kawartha Credit Union - Our History". Kawartha Credit Union. Retrieved 2018-06-22.
  8. https://www.kawarthacu.com/AboutUs/WhoWeAre/OurHistory/
  9. Deposit Insurance Corporation of Ontario Insured Institution Mergers, accessed 2017-08-07
  10. Unity Savings About Us

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