Education Credit Union Joins WFCU

October 1, 2020

Education Credit Union Joins Operations with WFCU Credit Union becoming ECU – A Division of WFCU Credit Union

Kitchener/Windsor, ON – Education Credit Union (ECU), along with WFCU Credit Union (WFCU), today announced the official closing of the asset purchase of ECU by WFCU and the new launch of ECU – A Division of WFCU Credit Union, serving the Cambridge, Kitchener and Waterloo regions.

“ECU has long recognized the need to partner with an organization who shared our vision in order to expand and improve the product and service offerings required to compete in this ever-changing environment of digital and online banking,” stated James McCormack, outgoing Chair, ECU Board of Directors, adding that WFCU has committed to maintaining ECU’s rich history and identity within the Kitchener, Waterloo and Cambridge region while continuing to fulfill ECU’s mission of service to their members and the communities they serve.

“As a credit union our foundation is built on the cooperative values of putting the financial well-being of our members and community first,” commented Marty Gillis, Chair, WFCU Board of Directors. “In welcoming ECU as a part of WFCU we are able to further strengthen our cooperative position and deliver more to the members and communities we serve throughout Ontario.”

In beginning this new and exciting chapter as a combined credit union we are thrilled to share the new look, feel and brand of ECU – A Division of WFCU Credit Union, which reflects the new identity under which Education Credit Union will be known moving forward, as we seek to elevate our presence in the communities of Cambridge, Kitchener and Waterloo.

“We are excited to embark on this new chapter with WFCU,” commented Gary Renouf, Vice President, Strategic Development, WFCU Credit Union and former CEO, ECU. “Together we will strengthen our cooperative position and grow stronger to provide the best financial solutions for our members and the communities we serve.”

Through its new shared purpose, ECU – A Division of WFCU Credit Union is committed to being the financial partner of choice for the Cambridge, Kitchener and Waterloo regions; providing easy and convenient access to readily available full-service banking products and services; all found in one place at the most competitive rates and delivered in the most convenient, easy and hassle-free way.

“On behalf of WFCU’s Board of Directors, Executive Team, Management and Staff, I would like to express our sincere thanks to the entire membership of ECU for having the confidence in both our credit unions to have voted overwhelmingly in favour of our joint partnership,” said Eddie Francis, President and CEO, WFCU Credit Union. “You have our promise that the financial well-being of members, and belief in giving back to the communities we serve will remain central to everything we do.”

To learn more about ECU – A Division of WFCU Credit Union please visit


For more information please contact:

Eddie Francis   
President & Chief Executive Officer
WFCU Credit Union

Susan Stockwell Andrews
Vice President, External Affairs & Corporate Secretary WFCU Credit Union
WFCU Credit Union


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