Search results
Results from the WOW.Com Content Network
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.
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]
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 July 1, 2016, the Caisse populaire acadienne ltée (later rebranded as UNI Financial Cooperation), with its 155,000 members, became the first federal credit union in Canada. [3] Coast Capital Savings announced the approval from OSFI to become the second federally regulated credit union in Canada beginning on November 1, 2018, the first ...
The Province of Ontario Savings Office (POSO) was a financial institution established by the Government of Ontario, Canada in 1922 to provide a government-owned alternative to banks. 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 ...
Meanwhile, credit unions/caisses populaires, securities dealers and mutual funds are largely regulated by provincial governments. [ 41 ] The main federal statute for the incorporation and regulation of banks, or chartered banks , is the Bank Act (S.C. 1991, c.46), where Schedules I, II and III of this Act list all banks permitted to operate in ...
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).
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]