July 30, 2010

NOTICE

On November 30, 2009 the Deposit Insurance Corporation of Ontario (DICO) issued an Order placing Railway Employees (Sarnia) Credit Union Limited (RECU) under Administration.  Subsequently, on June 10, 2010 the Corporation exercised its powers under Section 295 of the Credit Unions and Caisses Populaires Act, 1994 requiring the credit union be wound up. DICO has been appointed liquidator. 

Your deposits are 100% insured by DICO.  

The Credit Union office is closed permanently.

All accounts that remained with the Credit Union have moved to:

Railway Employees’ (Sarnia) Credit Union Ltd. (in liquidation)

c/o Deposit Insurance Corporation of Ontario

4711 Yonge Street, Suite 700

Toronto, ON  M2N 6K8

Telephone: 1-800-268-6653

Facsimile: 1-416-325-9722