About Us

Our Story

Our Story

ECU – A Division of WFCU Credit Union is a member-owned financial co-operative. We provide full financial services, including a comprehensive Wealth Management program to members who share the principles of democratic ownership. Our primary focus is you – not profits. For that reason, we strive to provide lower or no service charges, higher investment rates, competitive loan rates, and the latest in financial products and services.

ECU Logo

Our History

Our roots, which began in 1972, were initiated by Waterloo Region District School Board teachers, Ray Eaton and Gord Gamey, who believed in the long-standing principles held by credit unions: personal service and responsiveness to members’ needs. Through their belief and commitment in the cooperative principals which are central to the credit union foundation Education Credit Union was formed.

Since then, the credit union has been serving the Kitchener, Waterloo and Cambridge region, providing its members with outstanding service and remaining committed to the financial well-being of its members and the belief in giving back to the communities they serve.

True to their commitment to their members and community, on October 1, 2020 Education Credit Union joined their operations with WFCU Credit Union becoming ECU – A Division of WFCU Credit Union, expanding their service offerings to anyone living or working in Ontario and providing their members with increased access to a wider range of market-leading banking options to further assist them in reaching and exceeding their financial goals.

Who We Are

As a co-operative, ECU members are owners, because they are also shareholders. Each member gets one vote, regardless of the amount of shareholdings or deposits. So you, along with other members, have a voice in setting the credit union’s direction within the community.

We are part of The Exchange® Network, the second largest ATM network in Canada, with thousands of ding free® ATMs available for members. Conduct your business in person, at one of our branches, bank online, download our mobile app or transact by telephone.

ECU – A Division of WFCU Credit Union membership is open to anyone who lives and/or works in Ontario.


Who We Are

Our Vision

To be an innovative, caring and financially stable co-operative that provides a full-range of financial services to our communities and beyond.

Our Mission

The purpose of ECU - A Division of WFCU Credit Union shall be to maximize member benefits through cost-effective financial services consistent with co-operative principles, applicable legislation and prudent management.

Our Board

Our Board of Directors is represented by nine Directors who are elected by their fellow members and act as the voice of the membership. They are accountable for establishing our strategic direction, corporate policies, approving major financial decisions, and monitoring the credit union’s performance while ensuring compliance in all facets of the credit union’s operations. For more information about our Board of Directors, please visit wfcu.ca.