Continental Currency Exchange, Ltd. acquired by DUCA Credit Union

Continental Currency Exchange, Ltd. to be acquired by DUCA Credit Union

Toronto, ON (January 18, 2022) – Continental Currency Exchange, Ltd. (CCE) is about to come under the umbrella of DUCA Financial Services Credit Union Ltd. (DUCA), one of Canada’s fastest growing credit unions. As a result of this acquisition, CCE, one of Canada’s largest foreign exchange bureaus, anticipates a profitable collaboration and future growth opportunities.

Acquisition by DUCA will provide CCE with access to exciting new market opportunities. Tom Robertson, CCE’S CEO, states “Under DUCA’s ownership, we foresee strong organic growth as we continue to provide our longstanding individual and corporate clients with low-cost, international access to currency through a variety of modern technologies, including online ordering. With over 30 years of continuous operations in Canada, we will continue to drive CCE’S success through our unique combination of industry-leading FX products and a customer-first approach to service.”

Doug Conick, DUCA’s President and CEO, cites CCE’S distribution channel and their efficient, effective currency exchange services as key factors in the decision to pursue acquisition: “Incorporating CCE into our credit union will allow us to grow and expand our product and service offerings.”

CCE has 19 branch locations across Ontario and, according to Mr. Robertson, “With CCE’s stellar customer satisfaction record and leadership in providing global foreign exchange, joining the DUCA fold will be a worthy complement to both organizations. It will enhance the DUCA promise to help Personal and Business Members do more, be more, and achieve more with their money, their lives, and their business by integrating our services into the suite of benefits related to everyday banking, lending, and financial counsel that are already valued by DUCA Members.”

It is anticipated the acquisition will finalize on March 31, 2022. CCE will continue to operate under its own name and brand.

About DUCA Financial Services Credit Union

DUCA Financial Services Credit Union Ltd. (DUCA) was formed in 1954 and has grown from a single branch credit union in Toronto to branches across the GTA and Central Ontario with over 83,000 Members and over $6 Billion in total assets including assets under management. DUCA provides comprehensive banking services to both individuals and businesses through an innovative Co-Operative Banking model. With no-fee banking, attractive mortgage and lending rates, a Profit-Sharing program that rewards Members, and a commitment to communities, DUCA is an excellent alternative to traditional banking institutions. For more information visit www.duca.com.

About Continental Currency Exchange, Ltd.

Continental Currency Exchange, Ltd. (CCE) is Canada’s leading retailer of foreign exchange services, with 19 branches across Ontario. The company offers foreign exchange conversion services, including international bill payments, online ordering, pre-authorized debit and deposit transactions, foreign cheques and drafts, money transfers and wire payments in approximately 100 currencies, in addition to a growing suite of digital products. The company’s Privilege Program offers members no service fees on all cash transactions, premium discounted exchange rates, and lower prices on services including money transfers and wires. For more information, visit www.continentalcurrency.ca.

Media Contact

Pippa Nutt, Chief Marketing and Member Solutions Officer, DUCA Financial Services Credit Union Ltd., 416.470.6494, pnutt@duca.com