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The similarly named Desjardins Ontario Credit Union, formed 1 January 2020 with the merger of 11 Ontario Desjardins-affiliated credit unions and their federation into one, is not the same entity and continues as a going concern.) In 2014, Desjardins Group acquired the Canadian operations of U.S.-based insurance giant State Farm. [11]
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. [1] [2] Billy Boucher is the credit union's first CEO. [3]
Desjardins Group owns and operates a range of subsidiaries, including a securities brokerage, a venture capital firm, and a bank based in Florida. [50] As of 25 December 2023, Desjardins Group's consolidated assets totalled $407 billion CAD. [51]
Desjardins Group and ATB Financial are major regional financial institutions. Desjardins, a federation of 313 autonomous credit unions (French: caisses populaires), is one of the largest financial institutions in Quebec and also operates in some regions of Ontario with substantial Franco-Ontarian populations.
Desjardins Financial Security (DFS) is the life and health insurance arm of Desjardins Group, the leading financial institution in Quebec and the largest cooperative financial group in Canada. DFS registered a record-breaking revenue data in 2016, with a year-over-year increase of 12.5%. [ 3 ]
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. In 2015, Desjardins Insurance acquired the Canadian operations of U.S. based insurer State Farm , [ 1 ] which made Desjardins the second largest property and ...
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]
As of December 31, 2016, UNI Financial Cooperation had 155,000 members and CA$3.8 billion in assets. Community involvement focuses mainly on education and youth, the institution giving nearly $2.1 million in 2016 in the form of scholarships, [2] donations and sponsorships. The current chair of the Board of Directors is Pierre-Marcel Desjardins. [3]