DUCA Financial Services Credit Union

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Sustainability Summary

  • This is an unclaimed profile. DUCA Financial Services Credit Union has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
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DUCA Financial Services Credit Union Sustainability Profile

Sustainability Summary

  • This is an unclaimed profile. DUCA Financial Services Credit Union has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
Powered by Tracker AI BETA; there may be errors

What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

DUCA Financial Services Credit Union presents its sustainability and ESG position through a focus on members, communities, employees, and governance. Its annual reports describe “sustainable growth,” investment in people, processes and technology, and a commitment to diversity, equity and inclusion. DUCA also highlights community giving through the DUCA Impact Lab, which develops lending solutions aimed at people affected by predatory debt and financial exclusion. The credit union links its purpose to cooperative principles, profit-sharing, and support for Truth and Reconciliation through partnerships with Indigenous organisations. Governance and oversight are presented as part of its long-term approach to responsible growth.

About DUCA Financial Services Credit Union

  • Status
  • Unverified
  • Employees
  • 100 - 500
  • Country
  • Canada

DUCA Financial Services Credit Union Sustainability Actions

Launched the DUCA Impact Lab

Doug Conick conceived and championed the creation of the DUCA Impact Lab, a separate charitable organization designed to research, pilot, and launch new approaches to banking and finance for positive social impact.

Funded Escalator Loan pilot

In 2023, the Escalator Loan pilot operated in the DUCA Impact Lab, funded its 100th loan and crossed the $500K threshold in total lending. That is one hundred individuals who are out of the predatory debt cycle and achieving greater financial stability.

Gave philanthropic support

Coupled with DUCA's philanthropic giving of $4.2 million since 2014, our cumulative giving now stands at $5.6 million as of the year-ended 2023.

Partnered on Indigenous training

DUCA partnered with the Native Canadian Centre of Toronto (NCCT) to sponsor the Aboriginal BEST (Business and Entrepreneurship Skills Training) program through the Indigenous Marketplace Program. This initiative aims to bolster Indigenous economic presence in Toronto by providing small business training and growth support.

Strengthened DEI feedback

2023 witnessed a range of initiatives to strengthen feedback processes to foster open dialogue and ensure we continue our diversity, equity and inclusion progress, using both informal and formal channels.

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DUCA Financial Services Credit Union Sustainability Commitments

2023

Do More Profit-Sharing

DUCA introduced the Do More Profit-Sharing Program, in which Members earn profit-share rewards for banking with us.

2022

Four-year NCCT sponsorship

DUCA is committing to a 4-year sponsorship of Aboriginal BEST (Business and Entrepreneurship Skills Training), through the Indigenous Marketplace Program.

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What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

About DUCA Financial Services Credit Union

  • Status
  • Unverified
  • Employees
  • 100 - 500
  • Country
  • Canada

Sustainable Development Goals

DUCA Financial Services Credit Union is committed to advancing these Global Goals to promote prosperity for people & planet.

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