Company Profile

To be a community leader, providing quality services to our members through committed well-managed growth, based on sound financial decisions.

The Goderich Community Credit Union is a cooperative, owned and operated by its members. This is what distinguishes a Credit Union from other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn is loaned to members. After operating expenses and reserve requirements, net income is returned to all members in the form of dividends and comprehensive financial services.

A Board of Directors that established and reviews policies governs the Goderich Community Credit Union. The Directors must be Credit Union members who are elected by the Membership for a period of three years. Directors must be willing to participate in the Credit Union Directors Education program.

Member participation in the Credit Union helps promote the sense of community upon which GCCU was founded. Members provide feedback to Credit Union management about requests for new products or services.

Membership in the Credit Union is open to persons residing, employed or appointed within the geographic boundaries of the Province of Ontario and employees of Goderich Community Credit Union.

Joining the Credit Union means you become more than just a person who utilizes the financial services. You become an owner.

To activate a membership, each member/owner is required to purchase Credit Union shares. This is done very simply by depositing $50 (19 years and over) and $20 (18 years and younger) into an "Equity Share" account at the Credit Union. Once these shares have been purchased a member becomes entitled to utilize the Credit Union's full range of financial products and services.