| Type | Credit union |
|---|---|
| Industry | Financial services |
| Predecessor | Province of Ontario Savings Office |
| Founded | 2003 |
| Defunct | June 1, 2011 |
| Fate | Merged into Meridian Credit Union |
Area served | Ontario |
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]
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
- ↑ "Desjardins to Buy Province of Ontario Savings Office". CBC.ca. 2003-01-28. Retrieved 2007-11-03.
- ↑ "Desjardins merger". Archived from the original on 2011-07-20. Retrieved 2011-07-25.
- 1 2 "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) - ↑ "Ontario caisse members vote in favour of merger". Investment Executive. 29 November 2018. Retrieved 17 October 2021.