Kindred Credit Union
{{Short description|Canadian credit union}}
{{Infobox company
| name = Kindred Credit Union
| logo = Kindred Credit Union Logo.svg
| logo_caption =
| logo_upright =
| logo_alt =
| former_name = Waterloo County Mennonite Credit Union
| type = Credit union
| industry = Financial services
| predecessor =
| founded =
| founder =
| successor =
| hq_location_city = Kitchener, Ontario
| hq_location_country = Canada
| area_served =
| key_people = Ian Thomas (CEO)
| products =
| owner =
| num_employees = 200+
| num_employees_year =
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| website = {{URL|kindredcu.com}}
}}
Kindred Credit Union is a member-owned financial cooperative based in Ontario, Canada. Headquartered in Kitchener, the cooperative operates eight branches across Southern Ontario and is the province's 12th largest credit union.
History and structure
Originally called the Waterloo County Mennonite Credit Union,{{Cite web |title=Kindred Credit Union Limited |url=https://www.fsrao.ca/credit-unions/kindred-credit-union-limited |url-status=live |archive-url=https://web.archive.org/web/20220421045712/https://www.fsrao.ca/credit-unions/kindred-credit-union-limited |archive-date=April 21, 2022 |access-date=August 19, 2022 |website=Financial Services Regulatory Authority of Ontario}} it had two name changes prior to being renamed Kindred Credit Union in 2016.{{Cite web |last=Davis |first=Brent |date=February 27, 2016 |title=Mennonite Savings and Credit Union considering name change at Waterloo meeting |url=https://www.therecord.com/business/2016/02/27/mennonite-savings-and-credit-union-considering-name-change-at-waterloo-meeting.html |url-status=live |archive-url=https://web.archive.org/web/20220819134331/https://www.therecord.com/business/2016/02/27/mennonite-savings-and-credit-union-considering-name-change-at-waterloo-meeting.html |archive-date=August 19, 2022 |access-date=August 19, 2022 |website=The Record |language=en}} The name change was done to appeal to a broader range of prospective clients. The credit union had already previously extended its membership eligibility beyond Mennonites, Amish, and Be in Christ church members in 2010.
As of September 2024, Jason Daly is Kindred’s CEO.https://www.kindredcu.com/whats-new/press-releases/introducing-kindreds-new-ceo Jason was preceded by Ian Thomas from 2019 to 2023 and Brent Zorgdrager from 2010 to 2018.{{Cite web |last=Reiner |first=Veronica |date=November 29, 2018 |title=Kindred Credit Union names new CEO |url=https://observerxtra.com/2018/11/29/kindred-credit-union-names-new-ceo/ |url-status=live |archive-url=https://web.archive.org/web/20200930154356/https://observerxtra.com/2018/11/29/kindred-credit-union-names-new-ceo/ |archive-date=September 30, 2020 |access-date=August 19, 2022 |website=The Observer |language=en-US}}
The cooperative is a member of the Global Alliance for Banking on Values.{{Cite web |title=Members |url=https://www.gabv.org/members/ |url-status=live |archive-url=https://web.archive.org/web/20220721124722/https://www.gabv.org/members/ |archive-date=July 21, 2022 |access-date=August 19, 2022 |website=Global Alliance for Banking on Values |language=en-GB}}{{Cite web |last=Hadfield |first=Miles |date=October 13, 2017 |title=Ontario’s Kindred Credit Union joins global ethical banking group |url=https://www.thenews.coop/123133/sector/ontarios-kindred-credit-union-joins-global-ethical-banking-group/ |url-status=live |archive-url=https://web.archive.org/web/20200923024544/https://www.thenews.coop/123133/sector/ontarios-kindred-credit-union-joins-global-ethical-banking-group/ |archive-date=September 23, 2020 |access-date=August 19, 2022 |website=Co-operative News |language=en-GB}} Since December 2016, they are Certified B Corporation.{{Cite web |title=Kindred Credit Union - Certified B Corporation - B Lab Global |url=https://www.bcorporation.net/en-us/find-a-b-corp/company/kindred-credit-union |url-status=live |archive-url=https://web.archive.org/web/20220701015200/https://www.bcorporation.net/en-us/find-a-b-corp/company/kindred-credit-union |archive-date=July 1, 2022 |access-date=August 19, 2022 |website=B Corporation |language=en-us}} Kindred also is a Certified Living Wage Employer, part of the Ontario Living Wage Network.{{Cite web |title=Kindred Credit Union at Ontario Living Wage Network |url=https://www.ontariolivingwage.ca/httpstwittercomkindredcu |url-status=live |archive-url=https://web.archive.org/web/20201022125833/https://www.ontariolivingwage.ca/httpstwittercomkindredcu |archive-date=October 22, 2020 |access-date=August 19, 2022 |website=Ontario Living Wage Network}}
As a "faith-inspired" financial cooperative, the credit union strictly limits investments in alcohol, tobacco, cannabis, gambling, military and weapons, as well as other areas that have negative impacts on human rights, employees, and animal welfare. Focusing on socially responsible investments is a key component of their financial strategy in combining mutual aid put into faithful practice.{{Cite web |last=Marowits |first=Ross |date=January 21, 2021 |title=Halal investing gives Muslims opportunity to make money in line with religious values |url=https://www.winnipegfreepress.com/arts-and-life/life/faith/2021/01/21/halal-investing-gives-muslims-opportunity-to-make-money-in-line-with-religious-values |url-status=live |archive-url=https://web.archive.org/web/20220819135857/https://www.winnipegfreepress.com/arts-and-life/life/faith/2021/01/21/halal-investing-gives-muslims-opportunity-to-make-money-in-line-with-religious-values |archive-date=August 19, 2022 |access-date=August 19, 2022 |website=Winnipeg Free Press |language=en-US}}
Awards
As a Certified B Corporation, Kindred Credit Union has been on the "Best For The World" annual list since 2017, ranking within the top 5% in their corresponding size group of all B Corporation members. For the past three years, they have consistently ranked Best For the World: Customers, including 2022.{{Cite web |title=Login - Canadian Credit Union Association |url=https://ccua.com/wp/https://ccua.com/news/four-credit-unions-named-as-2022-best-for-the-world-by-b-lab/ |url-access=registration |url-status=live |archive-url=https://web.archive.org/web/20220819141401/https://ccua-login.wicketcloud.com/login?service=https://ccua.com/wp/https://ccua.com/news/four-credit-unions-named-as-2022-best-for-the-world-by-b-lab/ |archive-date=August 19, 2022 |access-date=August 19, 2022 |website=Canadian Credit Union Association}}
The credit union was also a Platinum Winner for Aon's Canada's Best Employers in 2019, scoring among the top 25% of all companies surveyed.{{Cite web |date=November 8, 2018 |title=Canada’s Best Employers 2019: Small- and Medium-sized Companies |url=https://archive.canadianbusiness.com/lists-and-rankings/canadas-best-employers-2019-small-and-medium-sized-companies/ |url-status=live |archive-url=https://web.archive.org/web/20220819141556/https://archive.canadianbusiness.com/lists-and-rankings/canadas-best-employers-2019-small-and-medium-sized-companies/ |archive-date=August 19, 2022 |access-date=August 19, 2022 |website=Canadian Business}}
References
{{Reflist}}
External links
- {{Official website|https://www.kindredcu.com/}}
Category:Canadian companies established in 1964
Category:Credit unions of Ontario