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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]
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]
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]
Prior to Desjardins appointment, B2B represented a mere 8 per cent of Laurentian's revenue and now, with $9 billion in deposits and $4.5 billion in loans, it accounts for 30 per cent of the bank's totals. Much of Desjardins success came from focusing B2B's efforts on key products and accommodating the needs of its clients, which now number 15,000.
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 ]
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.
Complexe Desjardins is a mixed-use office, hotel, and shopping mall complex located in Montreal, Quebec, Canada, in the Quartier des spectacles area of Saint Catherine Street. [ 3 ] [ 4 ] [ 5 ] The project was designed to develop the eastern end of downtown Montreal , it is located in the quadrilateral formed by Saint Catherine , Saint-Urbain ...
Desjardins (French, of the gardens) is a common surname in French-speaking Canada. Notable people with the surname include: Notable people with the surname include: Abel Desjardins [ fr ] (1814-1886), French historian