DUCA Financial
This Page's Content Was Last Updated: July 21, 2026
Important Information
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Managing $7.2 billion in total assets, DUCA Financial stands as the #14 largest credit union in Canada. Our independent review breaks down DUCA Financial’s consumer offerings, deposit safety under the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF), and competitive rates for Ontario depositors and home buyers.
Jump to Section: Institution Overview•Mortgage Rates•GIC Rates•Financial Performance
Credit Union
DUCA Financial
DUCA Financial is a credit union located in Ontario. It was founded in 1954. It primarily serves Southern Ontario.
DUCA Credit Union was founded in Toronto in 1954 by Dutch immigrants to Canada and originally operated as Dutch Canadian Toronto Credit Union. From those origins, it has grown into a major Ontario credit union serving members across Southern Ontario, including the Greater Toronto Area.
DUCA was Canada's first credit union to receive B Corporation certification, reflecting verified social and environmental performance, transparency, and accountability. Its cooperative model also includes sharing profits with members through its Do More Profit Sharing program.
Today, DUCA serves personal and business members with banking, lending, mortgages, investments, and advice. Through initiatives such as the DUCA Impact Lab, it also works on financial inclusion, fair access to credit, and services for people who may be underserved by traditional financial institutions.
Provinces served
Number of Members (as of 2025): ~92,000
DUCA Financial Mortgage Rates
The mortgage rates on this page were last updated on September 21, 2026 at 6:15 PM ET.
| Lender | Term | Insured down payment < 20% |
|---|---|---|
| DUCA Financial | 6-Month Fixed | 9.99% |
| DUCA Financial | 1-Year Fixed | 5.14% |
| DUCA Financial | 2-Year Fixed | 5.04% |
| DUCA Financial | 3-Year Fixed | 4.49% |
| DUCA Financial | 4-Year Fixed | 4.69% |
| DUCA Financial | 5-Year Fixed | 4.39% |
| DUCA Financial | 3-Year Variable | 4.15% |
| DUCA Financial | 5-Year Variable | 3.90% |
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | ||
Looking for fine-print details? Read our comprehensive DUCA Financial Mortgage Rates, Prepayment Privileges & Penalty Review to learn about annual lump-sum rules, payment increases, and early payout calculations.
DUCA Financial GIC Rates
The GIC rates on this page were last updated on September 21, 2026 at 5:44 PM ET.
| Term | Non-Registered Rate | Registered Rate |
|---|---|---|
| 3-Month | 3.00% | — |
| 6-Month | 2.45% | 2.45% |
| 1-Year | 3.10% | 3.10% |
| 1.5-Year | 3.85% | 3.25% |
| 2-Year | 3.50% | 3.50% |
| 3-Year | 3.70% | 3.70% |
| 4-Year | 3.80% | 3.80% |
| 5-Year | 3.85% | 3.85% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | ||
DUCA Financial Ranking Among Credit Unions Monitored by WOWA
14th
by Assets
of 134 credit unions
15th
by Loans
of 133 credit unions
15th
by Deposits
of 133 credit unions
DUCA Financial ranks 14th among Canadian credit unions by assets monitored by WOWA, 15th by loans, and 15th by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
DUCA Financial Branch Locations
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: Aim For More Chequing
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows Unlimited free transactions.
- 3 free ATM transactions on the Interac network are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- *This account is available for youth and students only.
- DUCA Aim For More Chequing is a no-monthly-fee account for members ages 16 to 29. It includes free withdrawals, EFTs, bill payments, Me-to-Me transfers, and 3 free Interac e-Transfers per month, with no minimum balance requirement. At age 30, the account transitions to Daylight Chequing.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Chequing Account
2. Account: Daylight Chequing
- Standard Fee
- $4.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $1,000 in your account.
- This account allows Unlimited free transactions.
- 5 free Interac e-Transfers are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- DUCA Daylight Chequing is a $4-per-month account with free deposits, withdrawals, EFTs, bill payments, Me-to-Me transfers, and THE EXCHANGE ATM transactions. It also includes 5 free Interac e-Transfers per month. The monthly fee is waived with a $1,000 minimum daily balance, following a 30-day grace period after opening.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Chequing Account
3. Account: Feel Free Chequing
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows Unlimited free transactions.
- 5 free Interac e-Transfers are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- *This account is available for seniors only.
- DUCA Feel Free Chequing is a no-monthly-fee account for members age 60 and older. It includes 5 free Interac e-Transfers per month, 100 free cheques per calendar year, free CAD and USD bank drafts, and free paper or e-statements. ATM transactions on THE EXCHANGE, Interac, and AccuLink networks are also free.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Accounts
Savings Account
Account: Daylight Savings
- Interest Rate
- 0.05%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 0 free transactions.
- 5 free Interac e-Transfers are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- DUCA Daylight Savings is a no-monthly-fee savings account with free deposits, withdrawals, EFTs, bill payments, Me-to-Me transfers, and THE EXCHANGE ATM transactions. It also includes 5 free Interac e-Transfers per month. Interest is calculated based on the lowest balance in the account each month and paid semi-annually.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Account
Account: Earn More Savings Account
- Interest Rate
- 0.25%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 0 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- DUCA Earn More Savings Account is a no-monthly-fee savings account with no minimum balance requirement. Interest is calculated daily and paid monthly, and online transactions are free. It is also available in TFSA, RRSP, RRIF, and RESP versions. Accounts opened after August 10, 2020 do not include ATM or point-of-sale access.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $7,249M | -3.1% | +31.3% |
| Loans | $6,231M | -5.1% | +28.5% |
| Deposits | $6,041M | -3.1% | +32.6% |
| Loan-to-Deposit Ratio | 103.1% | — | — |
| Mortgages + HELOCs | $4,454M | +5.0% | +23.1% |
| Securities | $602M | +2.7% | +27.5% |
| Revenue | $122M | +27.1% | +23.2% |
| Efficiency Ratio | 82.1% | — | — |
| Target Members / Region | Southern Ontario | — | — |
DUCA Financial Deposits, Loans and Revenue in the Past 5 Years
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Contact
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Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.