YNCU To Unite with Comtech Fire Credit Union in New Partnership

Core Insights - YNCU and Comtech Fire Credit Union are forming a partnership to enhance member experiences, strengthen financial resilience, and expand community impact [1][2] - The unified credit union will serve 65,000 members, manage $3.5 billion in assets, and operate 22 branches across 18 communities in Ontario [1][4] Company Overview - YNCU currently has 17 branches and $2.8 billion in assets under administration, serving 53,000 members [7] - Comtech Fire Credit Union has over $450 million in assets and more than 12,000 members [6] Partnership Benefits - The partnership aims to deliver enhanced products, increased branch access, and expanded digital banking solutions while maintaining personalized service [2][3] - Members will benefit from an expanded branch network, including locations in Ottawa, Kingston, Mississauga, Amherstview, and Toronto [4] Leadership Perspectives - YNCU CEO Lisa Colangelo emphasized the opportunity to strengthen collective impact for members and communities [3] - Comtech Fire CEO Dave Birak highlighted the creation of new possibilities for members and employees through the partnership [5] Community Commitment - Both organizations are committed to retaining all team members and ensuring continuity of member service [3] - YNCU allocates a minimum of 1% of pre-tax profit annually for charitable initiatives that improve communities [7]