Ladysmith & District Credit Union Quiz
- 1.
How many years has Ladysmith & District Credit Union been in business?
- A.
41 years
- B.
54 years
- C.
67 years
- D.
72 years
Correct Answer
D. 72 yearsExplanation
Ladysmith & District Credit Union (LDCU) was founded on May 18, 1944 just 40 years after Ladysmith itself was founded.Rate this question:
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- 2.
Which of the following products or services does LDCU not offer to it's members?
- A.
Insurance products
- B.
Registered and non-registered term deposits
- C.
Estate planning
- D.
Personal and commercial loans and mortgages
- E.
None of the above
Correct Answer
E. None of the aboveExplanation
As a full service financial institution, LDCU is proud to be able to offer members a wide range of products and services including traditional banking products, insurance, wealth management, personal and commercial lending, and much more!Rate this question:
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- 3.
LDCU is the second largest employer in Ladysmith. How many employees do we have?
- A.
Less than 20
- B.
25-30
- C.
30-35
- D.
35-40
- E.
More than 40
Correct Answer
D. 35-40Explanation
As of April 1, 2016, LDCU has 38 employees. Our employees work in areas including Member Services, Lending Services, Insurance Services, Support Services, IT, and Human Resources.Rate this question:
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- 4.
For the first time in our history, LDCU will be opening up a new branch. Where will the new branch be located?
- A.
Oyster Bay
- B.
Chase River
- C.
Coronation Mall
- D.
Victoria
Correct Answer
A. Oyster BayExplanation
Ladysmith & District Credit Union is very excited to be the first tenants of the Oyster Bay Development which is on Stz’uminus First Nation lands.Rate this question:
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- 5.
How many members sit on our Board of Directors?
- A.
4
- B.
6
- C.
7
- D.
10
Correct Answer
C. 7Explanation
LDCU's Board of Directors is made up of elected members who live within our community. As a credit union the Board is accountable to our members. The Board's mandate is to focus on the strategic direction of the Credit Union.Rate this question:
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- 6.
LDCU's mascot's name is Ollie. What kind of animal is he?
- A.
Bobcat
- B.
Gopher
- C.
Otter
- D.
Ostrich
Correct Answer
C. Otter -
- 7.
Which of the following insurance products does LDCU offer?
- A.
Home
- B.
Auto
- C.
Recreational Vehicle
- D.
Travel
- E.
Life
- F.
All of the above
Correct Answer
F. All of the aboveExplanation
Through our subsidiaries of LCU Insurance and LDCU Financial Management, we are able to offer a wide range of insurance products to protect you and the things that matter to you.Rate this question:
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- 8.
In what year was the first woman elected President of LDCU's Board of Directors?
- A.
1948
- B.
1965
- C.
1994
- D.
2011
Correct Answer
A. 1948Explanation
Helmi Kotilla served as a director on the inagural board in 1944. She was named interim president of the Credit Union in 1947 and was elected to the position the following year. Mrs. Kotilla was president of the Credit Union until 1954.Helmi and Eino KotillaRate this question:
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- 9.
Which of the following new lines of business did LDCU open in 2015?
- A.
The Commercial Services Centre
- B.
The Contact Centre
- C.
MemberDirect Small Business
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
LDCU prides itself on being innovative and always looking for new ways to effectively serve our members. 2015 was an exciting year for us and we are looking forward to continuing to grow in 2016 and beyond!Rate this question:
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Current Version
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Mar 22, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 29, 2016Quiz Created by
LDCU
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