Mennonite Savings and Credit Union
HQ: 1265 Strasburg Road, Kitchener
Mennonite Savings and Credit Union (Ontario) Ltd. (MSCU) is a closed-bond credit union that serves a membership base of over 16,000 members through 9 branches and 5 sub-locations throughout Southwestern Ontario. Total assets under administration now exceed $750 million.
Your Neighbourhood Credit Union
HQ: 38 Executive Place, Kitchener
Your Neighbourhood Credit Union, as it is today, was formed from the merger of Grand River Credit Union and Your Neighbourhood Credit Union on October 1, 2007. YNCU currently serves approximately 24,000 Members, and operates nine branches in Kitchener-Waterloo, Cambridge, Brantford, Paris, Windsor and LaSalle, with $393 million in assets under administration.
Recently, the respective memberships of YNCU and Mitchell & District Credit Union voted overwhelmingly in support of a merger of the two financial institutions. The merger creates a 13-branch network serving southwestern Ontario. The new organization will be known as Your Neighbourhood Credit Union, with approximately $470 million in assets under administration, serving 29,100 members. The merger is scheduled to close on March 1, 2008.
Your Neighbourhood Credit Union’s Chief Executive Officer Kerry Hadad, who will continue in the role of CEO of the merged organization said, “The results are a resounding vote of confidence from our members; we’re thrilled with the outcome. This partnership means we will be better positioned to serve a more mobile and more demanding population, a challenge we look forward to. While our ‘neighbourhood’ has gotten a little bigger, our focus remains simple…service excellence. That is what makes us better.”
Mitchell & District currently serves 4,600 Members, and operates four branches, located in Mitchell, Sebringville, Stratford and Shakespeare, with $77 million in assets.
Year ended September 30, 2009
Audited Financial Statement Download
General Meeting report to the members Download
Total Assets: $506,876,959
14 Locations to serve you
And coming in Spring 2010...Waterloo Crossing Plaza (Erb and Ira Needles)
We have three branches: the Education Centre in Kitchener, a branch located in the TechTown building in the Research and Technology Park in Waterloo and a new branch located in Cambridge Place, on Water Street in Galt.