DEECU Conversion Info




Dear Member:

Earlier this year, DEECU made the decision to partner with PACE Credit Union to bring you, the valued members, a broader range of products and services. And with the upcoming conversion to PACE’s data system on September 30, 2017, access to these services is close at hand.  

 Here’s what you need to know…

  • If you require any assistance, please reach out to our contact centre 1-877-588-7223, your home branch or any of the other 15 locations listed on our web site pacecu.com.
  • You will be issued a CIF (Client Information File) number. In most cases this CIF number will be your current member number. Any accounts that you use will be given a full account number which will reside under your CIF. This differs slightly from your current member number with sub account system.
  • After the data conversion, your statements will be available for you through on-line banking at pacecu.com. Post conversion, simply call our contact centre 1- 877-588-7223 to be set up with on-line banking access. You can let our contact centre know if you would like to continue to receive a mailed statement as well.
  • Your membership share was topped up by PACE to $175.
  • Account information prior to September 30, 2017 can be obtained through your branch in Whitby.
  • Loan, Savings and Term Accounts will all be mapped to the new system in a similar product.

Here’s what’s new for you after September 30…

  • Debit Cards
  • Cheques (can be ordered on-line)
  • On-line banking including Bill Payments
  • Mobile banking with a world class app
  • Interac e-transfers, pre-authorized transfers, me to me transfers
  • Expanded lending – mortgages, higher lending limits
  • Wealth management, business and insurance products and services

 

At PACE, we appreciate the opportunity to continue DEECU’s legacy of people helping people and we look forward to serving you in a way that is consistent with co-operative values. 

Our conversion team’s mission was to bring you onto the new data system with as little inconvenience to you as possible. However, we sincerely apologize for any inconvenience you may experience and appreciate your patience. 






Online Banking & E-statements

To gain access to your online banking/ E-Statements you will need to contact a branch. The branch will provide you with a login username and temporary password.

Find a Branch

If you need assistance with setting up your online banking you can call one of our Contact Centre representatives at  1 877 588 7223  or click here for visual guides









Durham Educational Employees and PACE to join forces

 

FOR IMMEDIATE RELEASE

 

December 13, 2016 – The Board of Directors of Durham Educational Employees Credit Union Limited and PACE Savings and Credit Union Limited are pleased to announce that they have signed a Letter of Intent to bring the two companies together by way of an asset purchase agreement. When the transaction is completed, the merged company will operate under the PACE brand, but with local recognition for the Durham Educational brand and personality.

 

Durham Educational Employees Credit Union Chair Al Bender commented “We looked at a number of different possibilities for our membership and staff. We felt that PACE represented the best opportunity. PACE’s experience serving members in the education industry and their expanded range of products and services is a natural fit for DEECU members.”

 

When the transaction is completed, PACE will operate in 18 locations throughout Ontario, employ 166 staff, and serve over 39,200 members who hold $892 million in assets.  

 

“We’re excited about the opportunity to partner with DEECU. Their membership and branch location are a good compliment for our existing membership in Durham Region. And the additional resources PACE brings will certainly help DEECU reach its full potential providing financial products and services to its members.”  

 

Before finalizing the arrangement, the credit unions will undertake due diligence and seek regulator consent. The transaction will also require the approval of the Durham Educational Employees CU membership.

 

About Durham Educational Employees Credit Union Limited

 

Established in 1967, DEECU services their 1,200 members through their branch on Green Street in Whitby. They are a closed bonded credit union serving the financial needs of current and former employees of the Durham District School Board and their families.  

 

About PACE Savings and Credit Union Ltd.

 

PACE Credit Union’s Ontario roots trace back over 60 years including the membership of Farmunited Co-op, the first credit union incorporated under the new Credit Union Act of 1940. Over the decades, PACE has grown, meeting their members’ and community’s financial needs. Headquartered in Vaughan, Ontario, PACE serves its 38,000 members holding over $888 million in assets through 17 locations. To find out more about cooperative banking at PACE, visit pacecu.ca, follow @PACECU on Twitter, or find us on Facebook.

 

For more information contact:    Dan Coldwell

                                                  Chief Marketing and Community
                                                  Relations Officer PACE Credit Union

                                                  8111 Jane Street, Vaughan, Ontario L4K 4L7 905.738.8900

                                                  dcoldwell@pacecu.com

 

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