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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]
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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]
President's Choice Financial launched the PC Money Account, a no-fee "debit-like" personal banking service, on September 14, 2020. Unlike its former banking service, which was provided by CIBC, PC Money Accounts are issued directly by President's Choice Bank. [ 5 ]
The company offers insurance for individual, groups or businesses, and also savings for individual or group retirement savings.They were the first ones in Quebec to offer what they call in French caissassurance [9] (union credit assurance), a service where customers can meet a financial security advisor at any caisse populaire who can offer them insurance products [10] (possible since the Act ...
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.
UNI Financial Cooperation is led by a board of directors chaired by Pierre Marcel Desjardins. [1] As of January 1, 2017, the chief executive officer is Robert Moreau. [ 13 ] Members elect 12 directors; four per region (Southeast, Northeast, Northwest), to make up the Board of Directors of UNI Financial Cooperation.