Desjardins Group

Caisses Desjardins ( Mouvement des caisses Desjardins full name, English Desjardins Group) is the self-proclaimed biggest credit union in North America. The Canadian company was founded in 1900 by Alphonse Desjardins and headquartered in Lévis, Québec. It has branches in the provinces of Quebec, Ontario, Manitoba and New Brunswick and is also represented by subsidiaries around the world.

Business

Caisses Desjardins has 376 branches and has 5.8 million customers. There are 44 645 employees. The company has several subsidiaries that offer various financial services. These include insurance, ( Desjardins Financial Security, Desjardins General Insurance ), real estate loans ( Place Desjardins ), Venture Capital Funds ( Desjardins Venture Capital) and brokerage ( Desjardins Securities ). The Desjardins Group is active in over 50 countries worldwide.

History

The company was founded in 1900 and was the first credit union in America. It began in 1992 with its expansion outside the province of Quebec, with the opening of the first Desjardins Bank branch in Florida, USA. The expansion progressed through further acquisitions. 2010 took over the Bank Western Financial for $ 443 million. Thus, the Company acquired 121 stores with 500,000 customers in the provinces of British Columbia, Alberta, Saskatchewan and Manitoba. 2011 was merged with Meridian Credit Union, Desjardins Credit Union in Ontario.

Memberships

Desjardins is a member of Interac, the NYCE ATM Network and VISA cards are out.