DUCA was established on May 5, 1954, by Dutch immigrants to Canada under the name Dutch Canadian Toronto Credit Union Ltd.
The company introduced a profit sharing program in 1997. In 2010, DUCA shared $7 million with members.[3]
On November 1, 2000 the credit union changed its official name to its current DUCA Financial Services Credit Union Ltd.[4] DUCA has merged with other credit unions including Torcity Savings Credit Union, Dutch Canadian Credit Union and Virtual One Credit Union Ltd.[5]
Today, DUCA has over 83,000 members and over $6 billion in assets.[6]
In 2009, DUCA joined the Exchange Network increasing the number of ATMs accessible to members.[7] DUCA is also a member of Interac.[8]
DUCA is currently on a rapid growth phase—its net branch deposits grew by 99% in 2018 compared to the prior year. This was in large measure due to the 3% annual interest rate being offered to new members who open an Earn More Savings Account (EMSA), which is among the highest rates offered in Canada.[9] The Earn More Savings Promotional Account with 3% interest is closed to new participants effective May 16, 2019.