About Fort York Community Credit Union
Fort York Community Credit Union is a small Toronto credit union chartered in 1950 as the Massey Ferguson Employees' Credit Union; in 1978 it moved from an industrial to a community bond and took its current name. It has over 1,500 members drawn largely from Toronto employer groups (Massey Ferguson retirees, Unity Health Network and GTA public library employees among others), with a satellite office at St. Michael's Hospital.
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Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Complete a New Member Application online or at the credit union; purchase 25 shares at $5.00 each ($125 total, refundable after one year if the account is closed).
Notes: Was a closed industrial bond (Massey Ferguson employees) until 1978; membership composition still heavily employer-group based, with payroll-deduction banking.
Deposit protection: Financial Services Regulatory Authority of Ontario
prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019
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