What is BCU Financial? A deep dive into Canada’s Ukrainian credit union

If you value stability and being part of the Ukrainian community in Canada, BCU Financial is for you

IF YOU’VE EVER wondered what is BCU Financial, this article is for you. BCU Financial, or by its full name, Buduchnist Credit Union, was founded over 70 years ago by Ukrainian immigrants

Many Ukrainians in Canada seek a place to manage their finances and securely support their community. If you’ve ever wondered what is BCU Financial, this article is for you. BCU Financial, or by its full name, Buduchnist Credit Union, was founded over 70 years ago by Ukrainian immigrants.

“Buduchnist” is an old Ukrainian term meaning “future.” Indeed, this financial institution focuses not only on numbers but also on the future of its community. You can learn more about BCU at https://bcufinancial.com. Now, we’ll go through the quick facts.

A Brief Look at the History and Ownership

The Buduchnist Credit Union began its operations in 1952. Today, it brings together over 23,000 members. Interestingly, BCU Financial does not have an owner in the traditional sense. The owners are the members themselves. In other words, when you open an account, you automatically become a co-owner of the organization and have the right to vote on important decisions.

What Services Does BCU Financial Offer?

Even though it’s not a bank, it provides everything you need for everyday financial life. BCU offers:

• Opening accounts (savings, chequing, youth, and senior accounts).
• Mortgage loans and personal loans.
• Term deposits (GICs).
• Online banking through the BCU Link platform.
• Currency exchange and insurance services.
• Investment planning through BCU Wealth Management.

These services are just as good as those offered by major banks. However, BCU has a unique approach: social responsibility.

The Power of Community: It’s Not Just About Money

About 95% of the credit union’s members are Ukrainians or Canadians of Ukrainian descent. BCU actively supports the Ukrainian community in Canada: it funds schools, churches, and cultural events and provides aid to Ukraine. Since 2014, the BCU Group has donated over $7 million for humanitarian and medical needs in Ukraine.

Why Should You Join BCU?

Choosing BCU is about monetary advantages and supporting your community. Here are some benefits of joining BCU Financial:

• You become a co-owner of a financial institution.
• You support the Ukrainian community.
• You can take advantage of all available banking services.
• You can influence decisions through voting.
• You receive personalized service.

Conclusion

If you value stability and being part of the Ukrainian community in Canada, BCU Financial is for you. It’s more than just a bank; it’s a tool for change and support created by Ukrainians for Ukrainians.