Healthcare and Municipal Employees' Credit Union
in Canada 🇨🇦
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About Healthcare and Municipal Employees' Credit Union in Canada
Healthcare and Municipal Employees' Credit Union (HMECU) is a member-owned financial co-operative based in Ontario, Canada. As one of the oldest credit unions in Ontario, HMECU serves approximately 11,000 members with total assets of around $323 million. Originally established to serve healthcare and municipal workers, the credit union has expanded its membership while maintaining its core focus on personalized financial services for healthcare professionals, police, firefighters, and municipal employees in the Hamilton, Burlington, and Brantford regions.
The credit union operates as a co-operative financial institution where members are owners, and profits are reinvested back into the organization or returned to members rather than distributed to external shareholders.