Desjardins Credit Union

The Desjardins Credit Union was an autonomous Ontario credit union whose creation was funded by the Desjardins Group in a 2003 buyout of the Province of Ontario Savings Office .[1]

Desjardins Credit Union
TypeCredit union
IndustryFinancial services
PredecessorProvince of Ontario Savings Office
Founded2003 (2003)
DefunctJune 1, 2011 (2011-06-01)
FateMerged into Meridian Credit Union
Area served
Ontario

As of 2010, the credit union had 50,000 members and CDN$1.4 billion in assets. The company had 19 branches in Ontario and six agencies with a total of approximately 50,000 members.

On June 1, 2011, Desjardins Credit Union merged with Meridian Credit Union.[2]

A new and similarly-named institution, 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[3] insured by the FRSAO. That credit union is a going concern, with 50 branches and 130,000 members.[3][4]

References

  1. "Desjardins to Buy Province of Ontario Savings Office". CBC.ca. 2003-01-28. Retrieved 2007-11-03.
  2. "Desjardins merger". Archived from the original on 2011-07-20. Retrieved 2011-07-25.
  3. "Ontario caisse merger: stronger together". blogues.desjardins.com. Desjardins Group. 20 November 2018. Archived from the original on 17 October 2021. Retrieved 17 October 2021.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  4. "Ontario caisse members vote in favour of merger". Investment Executive. 29 November 2018. Retrieved 17 October 2021.


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