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Credit unions are called caisses populaires in French-speaking communities of Canada. This one is located in Shediac, New Brunswick. Canada has significant per-capita membership in credit unions, representing more than a third of the working-age population. [1]
At the end of 2001, Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires, with more than 3,600 locations and 4,100 automated teller machines. [45] By the end of 2019, consolidation reduced this number to 251 credits unions and caisses populaires outside Quebec, according to the Canadian Credit Union Association ...
A branch of the Coastal Federal Credit Union in Raleigh, North Carolina. A credit union is a member-owned nonprofit cooperative financial institution.They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (cheque accounts), credit cards, credit, share term certificates (certificates of deposit), and online banking.
Canadian Payments Association, carrying on business under the brand name Payments Canada, [2] [3] is an organization that operates a payment clearing and settlement system in Canada. The Canadian Payments Association was established by the Canadian Payments Act in 1980. Among other responsibilities, it regulates and maintains directories of ...
Most small local credit unions use the institution number to indicate a "Credit Union Central" organisation for a specific province; the transit number indicates a specific branch of a specific member institution. As transit numbers are issued arbitrarily or sequentially, multiple branches of the same credit union typically do not get assigned ...
Alterna Savings and Credit Union Limited, commonly called Alterna Savings (French: Caisse Alterna), is a credit union based in Ottawa, Ontario, Canada. In addition to its credit union branches in Ontario , it also operates across Canada through its direct banking subsidiary Alterna Bank .
CU Cooperative Systems, Inc. doing business as Co-op Solutions [1] [2] (formerly d.b.a. CO-OP Financial Services), is a company that operates an interbank network connecting the ATMs of credit unions in the United States, with locations also in Canada and certain United States Navy bases overseas. It is the largest credit union-owned interbank ...
The Canadian credit union movement began in 1900 with the foundation of a Caisse Populaire – the French-Canadian equivalent of a credit union – in Levis, Quebec. Its founder, Alphonse Desjardins, was a French stenographer in the federal House of Commons in Ottawa.