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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]
Crédit Agricole began distributing home purchase savings products from 1967, government-regulated mortgages from 1972 and first-time-buyer loans in 1977. In 1976, the group adopted the slogan "le bon sens près de chez vous" ("common sense close to home"). [8] [16] Crédit Agricole opened its first foreign branch, in Chicago, [14] in 1979.
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 .
Its parent organization, the Civil Service Co-operative Credit Society, operated as CS CO-OP. [14] The merger of CS CO-OP and Metro Credit Union in 2005 created Alterna Savings, adopting its subsidiary's name. [4] Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC).
Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB), known as Crédit Agricole Indosuez from 1996 to 2004 and as Calyon from 2004 to 2010, is the corporate and investment banking entity of the Crédit Agricole banking and financial services group, based in Montrouge near Paris, France.
The Bank of Ottawa was established in 1874 by Ottawa Valley lumber pioneers, including James Maclaren, who presided over the Bank from 1874 until his death in 1892. [4] Its head office was on Wellington Street in Ottawa. [5] John Mather served as a bank director from 1879. Like the other Canadian chartered banks, it issued its own paper money.
The Credit Institute of Canada (CIC) (French: Institut de crédit du Canada) is a not-for-profit organization created by a special Act of Parliament on June 11, 1928. The CIC provides credit management resources, education and certification to its members and is the only organization that grants official designations to professionals in the Canadian credit management field.
The Bank of Canada Building won a number of architectural awards, including the Gold Medal from the Royal Architectural Institute of Canada. The large bronze front doors were designed by Ulysses Ricci of New York, and decorated with facsimiles of Greek coins from the British Museum .