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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]
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]
Merged into the Commercial Bank of New Brunswick. [62] Bank of Hamilton: 1872 1923 Merged into the Canadian Bank of Commerce in January 1924. [63] [64] Bank of Liverpool 1871 1879 Closed 1873–1878, before final closure. [65] Bank of London 1883 1887 Merged into the Bank of Toronto. [66] Bank of Lower Canada 1839 1851 Closed. [67] Bank of New ...
Wealthsimple (for its bank-like Cash accounts) 703 [3] Central 1 Credit Union member institutions in British Columbia 809 Caisses Desjardins du Québec: 815 Caisse Populaire financial group (Manitoba) [4] 819 Central 1 Credit Union member institutions in Ontario 828 Caisses populaires Desjardins de l'Ontario: 829 Meridian Credit Union [l] [m] 837
Desjardins General Insurance (DGI) is the P&C insurance subsidiary of Desjardins General Insurance Group, itself a subsidiary of Desjardins Group.The brand is sister with Desjardins Financial Security, and both of them regroup under the banner of Desjardins Insurance.They now serve customers in three provinces of Canada: Quebec, Alberta and Ontario. [1]
Credit unions are called caisses populaires in French-speaking communities of Canada. This one is located in Shediac, New Brunswick. Canada has significant per-capita membership in credit unions, representing more than a third of the working-age population. [1]
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.
The Savings Office was created by the United Farmers of Ontario government of Premier Ernest C. Drury to provide loans to farmers and other small borrowers who traditionally had limited access to credit, as well as to offer savings accounts paying interest on small deposits, something Canadian chartered banks at the time did not do.