DUCA Successfully Closes Latest Investment Share Offering
Thank you for your fantastic show of Member support!
It's been an exciting and gratifying six months at DUCA as we've observed just how much DUCA Members believe in DUCA's purpose and vision for the future.
In August 2019, we reached out to Members with an opportunity intended to benefit both Members and Credit Union, namely, an Investment Share Offer of Class B, Series 4 Investment Shares that would raise capital for DUCA to realize its vision of growth across Ontario. In return, Members received an investment opportunity with a minimum 4.25% dividend.
How did we do? $162.4 Million!
In short, DUCA's Investment Share Campaign was one of the most successful Investment Share offerings by an Ontario credit union...ever!
Our amazing branch and Member Connect teams worked closely with you to determine whether or not the Investment Share Offer was the right opportunity for you and your personal financial goals. 3,316 Members determined this was a great addition to their overall investment and retirement planning strategy with the final result that DUCA raised $162,368,330 in capital.
This, in turn, means we can literally do more here at DUCA. We can continue our profitable growth, bringing the DUCA Difference in banking — competitive deposit and mortgage rates, no-fee banking, and our Profit Sharing program — to more people. It also means that you, our Members, had an opportunity to invest in our future too, helping us create an even stronger Credit Union that will continue to serve Members first and foremost.
We thank our Membership for such a strong show of support and reiterate our promise to help you do more, be more, and achieve more with your money and your lives.
Stay tuned for more great things to come from your Credit Union!