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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).
Commercial Bank of Canada 1831 1868 Founded in 1831 as the Commercial Bank of the Midland District, the name changed to the Commercial Bank of Canada in 1856. [99] Merged with the Merchants Bank in Montreal to form the Merchants' Bank of Canada. [100] Commercial Bank of Manitoba: 1885 1893 Failed. [101] Commercial Bank of Montreal 1835 1837 ...
Though these negotiations were unsuccessful, they opened a door for CS CO-OP, under the leadership of Gary Seveny, to secure a bank charter for its subsidiary CS Loan Corporation, [5] established as a Canada Deposit Insurance Corporation member in 1992. [7] The new bank was launched as CS Alterna Bank in October 2000 to offer service across Canada.
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In 1998, the Bank of Montreal proposed a merger with the Royal Bank of Canada around the same time that CIBC proposed to combine with the Toronto-Dominion Bank. [23] The banks argued that these mergers would enable them to compete globally with other financial institutions. [33] This would have left Canada with only three major national banks.
CU Cooperative Systems, Inc. doing business as Co-op Solutions [1] [2] (formerly d.b.a. CO-OP Financial Services), is a company that operates an interbank network connecting the ATMs of credit unions in the United States, with locations also in Canada and certain United States Navy bases overseas. It is the largest credit union-owned interbank ...
The largest Co-Operative Bank in Bangladesh with 478 Registered Member Society. [19] Groupe Banque Populaire: France: 3,400,000: Bank: Desjardins Group: Canada: 5,795,277 [23] Credit union federation: Leading bank in Quebec Raiffeisen Bank International: Austria: Bank (Public aktiengesellschaft) RI: Owned by regional Raiffeisen Bank of Austrian ...
Federated Co-operatives Limited (FCL), operating as Co-op, is a co-operative federation providing procurement and distribution to member co-operatives in Western Canada. [3] [4] It was established in 1944 after a series of amalgamations of smaller cooperatives, starting in Saskatchewan, including the Saskatchewan Co-operative Wholesale Society and a fuel production and distribution co-op, [1 ...