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The Desjardins Group (French: Mouvement Desjardins, pronounced [muvmɑ̃ deʒaʁdɛ̃]) is a Canadian financial service cooperative and the largest federation of credit unions (French: caisses populaires) in North America. It was founded in 1900 in Lévis, Quebec by Alphonse Desjardins. [2]
The Desjardins Ontario Credit Union was formed 1 January 2020 with the merger of 11 Ontario Desjardins-affiliated credit unions, along with its federation, into one credit union [1] insured by the FRSAO. The credit union has 50 branches and 130,000 members.
Canada has a strong co-operative financial services sector, which consists of credit unions (caisses populaires in Quebec and other French speaking regions). 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]
In 1944, Desjardins Group's first subsidiary was created under the name of "Société d'assurance des caisses populaires (SACP)", today rebranded Desjardins General Insurance. [4] It was created to meet everybody's need, from their members to themselves: it offered in a single-contract protection against fire, hold-ups, burglaries and write ...
Desjardins Credit Union (the Ontario affiliate of the Desjardins Group, formerly Province of Ontario Savings Office [6]) and Meridian's membership voted in favour of a merger effective 1 June 2011. [7] By 2012, most of the former Desjardins branches in Ontario had been renamed to Meridian branches. [8] [9]
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.
The first subsidiary of Desjardins Group was established in 1944 under the name of "Société d'assurance des caisses populaires" (SACP). In 1948, Desjardins Life Insurance, known today as Desjardins Financial Security (DFS), was created. In the post-war environment, they merged under a common name of Desjardins Insurance.
The Desjardins Group, as well as its subsidiary Desjardins Financial Security, are headquartered in the city. The founder, Alphonse Desjardins, lived in Lévis and, with his wife, Dorimène Roy Desjardins, ran the first Caisse Populaire (similar to a credit union) from their home. The city is also a major agricultural business research and ...