Lifelong member Richard Senechal has been appointed president/CEO of the $1.3 billion DUCA Financial Services Credit Union in Toronto, the organization announced.
Senechal, a 30-year member of the Canadian credit union’s board, had been serving transitional director since the resignation of Jack Vanderkooy earlier this year, DUCA said.
“This is an exciting time for DUCA and Richard brings the right mix of passion for DUCA’s vision, professional acumen, forward thinking, organizational drive and legacy knowledge that DUCA needs as it continues to grow and serve our members,” said Ralph Kikkert, board chair.
DUCA also said it has joined Central 1, the central financial facility and trade association for the British Columbia and Ontario credit union systems. DUCA adds its 43,000 members to the 2.9 million members the $83.7 billion Central 1 serves through 45 member credit unions in B.C. and 104 in Ontario.
DUCA was founded with a single Toronto branch in 1954 and now has 15 branches across southern Ontario, the credit union said.
“I’m looking forward to strengthening our role and participation within Central 1. DUCA embraces the same values as Central 1 in its relentless pursuit of value and growth. We look forward to a long and successful partnership,” Senechal said.