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]

This article is about the Ontario credit union. For Caisse populaire Desjardins, the Quebec credit union, see Desjardins Group.
Not to be confused with Desjardins Ontario Credit Union.
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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