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Sharing Profits

Sharing Profits

Sharing Profits
September 26
16:41 2014

FirstOntario Credit Union is a proud advocate of the communities they serve and continue to support.

Their history of credit unions is filled with pride, conviction and perseverance. In business since 1939, FirstOntario Credit Union has more than $3.3 billion in funds under management, serves nearly 90,000 Members and offers financial guidance along with a full suite of banking products. FirstOntario operates 23 full-service branches serving 14 communities across the Hamilton, Halton, Niagara, Haldimand/Norfolk and Oxford regions. Membership at FirstOntario is open to anyone. FirstOntario is a proud advocate of the communities they serve and support many important community organizations.

In May 2011, FirstOntario grew that support with a move back into the core with a new branch at One James Street South.

“With FirstOntario moving back into the downtown core we believe we are a part of revitalizing the heart of our city,” said Dave Schurman, Chief Operating Office, FirstOntario Credit Union. “Part of our strategic plan as an organization is based on assisting our communities and supporting the economic development and sustainability of the communities we are proud to call home.”

FirstOntario Credit Union continues to grow its presence in Hamilton by breaking ground for a new corporate headquarters. The new QEW-facing head office in Stoney Creek will offer employees a view of Lake Ontario, easy commuting access, and is central to the two key regions of Hamilton and Niagara where FirstOntario has a strong presence.

“The growth we have experienced over the past few years is proof of the change in awareness and attitude that credit unions are a viable alternative to banks,” says Schurman.

“Recognition as a Top Employer for Hamilton and Niagara and the Outstanding Business Achievement Award from the Hamilton Chamber of Commerce is a testament to our commitment to Staff, the community, and our Members.”

The relocation is set for summer 2014.

FirstOntario has also announced a number of recent innovations, including Personal Assisted Tellers (PAT), which allow members to speak face-to-face with a live teller through video technology, providing them with the services of a teller and the convenience of extended hours.

Outside of their own growth, FirstOntario has contributed to the economic development of the Greater Hamilton Area through the financing of numerous construction projects and purchases up to $23 million.

When you do your banking, borrowing and investing with FirstOntario, you’re not just a customer, you’re an Owner. At FirstOntario, you are part of an organization that shares its profits and decision-making with the people who use its services. For full details, visit

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Lloyd Stevens has been writing Canadian business news for over 20 years with articles appearing in Perspective which appears in The Globe & Mail and contributing to and

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