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Meridian is the second largest credit union in Canada, and the largest credit union in Ontario, with more than 365,000 members with total assets under administration of over $28.5 billion. [4] Meridian offers banking, wealth management, credit products and services through 89 branches, and fifteen Commercial Business Centres. [5]
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 ...
On June 20, 2019, Desjardins Group reported a data breach involving personal data of 4.3 million individual users and 173,000 businesses, more than 40% of Quebec-based credit union's clients and members. The security breach, detected in December 2018, was not linked to a direct cyberattack, but the result of a disgruntled corporate employee.
All of their money would be protected by the NCUSIF. If that same individual has $350,000 in share accounts at one credit union, their $350,000 would only be insured up to $250,000.
The average checking account holder sticks with the same bank or credit union for 17 years on average. ( Bankrate ) Deposits at FDIC-insured banks have decreased for six straight quarters.
Meridian Credit Union [l] [m] 837 Atlantic Central member institutions [n] 839 Alterna Savings and Credit Union [o] 842 Atlantic Central (Brunswick Credit Union Federation) 849 Caisses populaires acadiennes (New Brunswick) 865 Central 1 (former Credit Union Central of Canada) [p] 869 Credit Union Central of Manitoba member institutions 879
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