How Starnews Began
Starnews Credit Union was formed in 1951 by a group of employees from the Toronto Star. At that time, mortgages and personal loans were difficult for the average worker to obtain. Recognizing the financial needs of fellow workers, the group decided to pool their money together and form a credit union that could provide banking products and services for the employees of Torstar Corporation, and their immediate family members.
Since 1951 a lot of things changed and Starnews has changed too. Today, membership is open to persons who reside or are employed in the Province of Ontario. We have state of the art technology and a vast array of financial products and services to offer our members. But the one thing that remains the same is we are still owned and controlled by members, and we continue to offer personalized service through our committed and professional staff.
Corporate Profile
At Starnews Credit Union, our goal is to provide our members with financial services at the least possible cost. We return profits to members in the form of bonus interest on deposits and interest rebates on loans and mortgages.
Vision Statement:
To be our members' first choice for financial products, services and advice.
Mission Statement:
We are committed to helping our members achieve their financial goals; encouraging and facilitating the development of our team; supporting our communities.
Values Statement:
Starnews is Adaptable, Responsive, Committed, and Co-operative (ARCC)
Adaptable:
- We will expand opportunities by recognizing and responding to changes
- We will position products and services to attract the family unit
- We will embrace and be open to competitive trends
Responsive:
- We will treat everyone with respect and fairness
- We will be responsive and sensitive to the diverse needs of our member
- We will embrace and be open to changes that will keep us competitive
- We will develop products and services for members and their families
Committed:
- We are committed to service excellence
- We will encourage a team environment committed to open and honest communication at all levels to provide better service to our members
- We will be committed to bringing financial awareness and understanding to members so they may be financially independent
Co-operative:
- We will operate in accordance with co-operative principles:
- Voluntary and Open Membership
- Democratic Member Control
- Member Economic Participation
- Autonomy and Independence
- Education, Training and Information
- Co-operation among Co-operatives
- Concern for Community
- We will recognize our social responsibilities within our environment and community
