DUCA News
Posted on May 12, 2020

Status Report on COVID-19

The Premier of our Province has begun to talk about easing COVID-19 restrictions on businesses and individuals. In tandem, DUCA’s Emergency Response Team and Executive Leadership Team are shifting their focus to adjustments and precautions that might need to be worked into DUCA’s future operations. Going forward, we will continue to rely upon provi...

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Posted on May 07, 2020

Our 2019 Digital Annual Report. Plus, reflections on 66 years.

We invite our Members and friends to review our online and visual 2019 Annual Report!   In our 65th year of operations, we achieved some important milestones:  We exceeded $4 billion in Assets. Deposits reached over $3 billion. Comprehensive Income after Tax grew to $12 million. We passed $3.5 billion in Net Loans. These important achievements at...

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Posted on April 20, 2020

Business Members: Sign up for CEBA through DUCA

The Government is providing a special interest free loan program for businesses impacted by COVID-19: The Canada Emergency Business Account (CEBA). This loan program is intended to help small and medium-sized businesses with operating costs (such as payroll, rent, utilities, insurance, property tax, or debt service) at a time when all but essential...

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Posted on April 14, 2020

Applying for CERB? Sign up for direct deposit right from your online account.

It's now much easier to sign up for the Canada Revenue Agency's (CRA's) Direct Deposit which is good news for everyone but especially for those planning to apply for the Canada Emergency Response Benefit (CERB).  At a time when the CRA is experiencing an unprecedented need to make payments to Canadians, Direct Deposit means CERB payments -- an aid...

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Posted on April 09, 2020

DUCA Response to COVID-19

The end of 2019 saw the introduction of what would evolve into a global pandemic: COVID-19. The repercussions in terms of personal health, business, and the overall economy, are still unfolding at the time of this report. Early in March 2020, as we were closely monitoring daily reports from both government and health officials, DUCA moved quickly a...

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Posted on April 06, 2020

Special Message for RRIF Members: Government allows reduction in 2020 mandatory minimum payment - up to 25%

The federal government announced a number of measures in mid-March intended to assist Canadians during COVID-19. One is the offer of a reduction on RRIF minimum payments. At a time when interest earning rates are low, RRIF annuitants may prefer not to withdraw as much of their funds at this time but would rather wait with the hope that, after COVI...

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