Search results
Results from the WOW.Com Content Network
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]
Most credit unions in Quebec (and some outside the province) are part of a network which operates as the Desjardins Group. Desjardins Group owns and operates a range of subsidiaries, including a securities brokerage, a venture capital firm, and a bank based in Florida.
The POSO was closed in 2003 when its assets were sold to the Quebec-based Desjardins Group cooperative of caisses populaires (credit unions) to form Desjardins Credit Union. [1] [2] In 2011, Desjardins Credit Unions in Ontario were transferred to Meridian Credit Union. [3]
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]
On December 6, 1900, Desjardins and his wife, Dorimène Roy Desjardins, co-founded the first Caisse d'épargne Desjardins in Lévis and opened for business the following month. Later renamed Caisses populaires Desjardins (and today Desjardins Group), the organization was a forerunner of current North American credit unions. [1]
The Federal Deposit Insurance Corporation federally insures most traditional banks in case of failure. But credit unions are not considered traditional banks. Is a credit union FDIC insured?
Desjardins may refer to: Desjardins (surname), people with the surname Desjardins; Desjardins, Lévis, Quebec, Canada, a borough of the city of Lévis Desjardins Regional County Municipality, a regional county municipality which preceded the borough; Desjardins Canal, in Ontario; Desjardins Group, a Canadian association of credit unions