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The Desjardins Group (or Mouvement des caisses Desjardins in French) is the largest association of credit union
Credit union

A credit union is a Cooperative banking financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members....
s in North America
North America

North America is the northern continent of the Americas, situated in the Earth's northern hemisphere and almost totally in the western hemisphere....
. It was founded in 1900 in Lévis, Québec
Lévis, Quebec

L?vis is a city in eastern Quebec, Canada. It is located on the south shore of the Saint Lawrence River, opposite Quebec City. A ferry links Old Quebec with Old L?vis, and two bridges, the Quebec Bridge and the Pierre Laporte Bridge, connect western L?vis with Quebec City....
 by Alphonse Desjardins
Alphonse Desjardins (co-operator)

Gabriel-Alphonse Desjardins , born in L?vis, Quebec, was the co-founder of the Caisses Populaires Desjardins , a forerunner of North American credit unions and community banks....
.

Located mostly in Québec
Quebec

Quebec , in French language, Qu?bec , is a Provinces and territories of Canada in the Central Canada and Eastern Canada regions of Canada....
 but also in Ontario
Ontario

Ontario is a Provinces and territories of Canada located in the Central Canada part of Canada, the largest by population and second largest, after Quebec, in total area....
, Manitoba
Manitoba

Manitoba is a prairie provinces in Canada, which has an area of 647,797 square kilometres and a population of 1,207,959 , with more than half located within the Winnipeg Capital Region ....
, and New Brunswick
New Brunswick

New Brunswick is one of Canada's three Maritime provinces and is the only Constitution of Canada bilingual province in the federation. The provincial capital is Fredericton....
, it is composed of 536 local caisses populaires, which serve 5.8 million members. The entire system is grouped into 11 regional federations.

Total assets at Desjardins Group reached $151.9 billion CAD in 2008, ranking it the sixth-largest financial institution
Financial institution

In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries....
 in Canada and the largest in Québec, ahead of National Bank of Canada
National Bank of Canada

National Bank of Canada is the sixth largest bank in Canada. The bank's headquarters are in Montreal, Quebec, and it has 546 branches nationwide, of which 454 are in Quebec....
.






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The Desjardins Group (or Mouvement des caisses Desjardins in French) is the largest association of credit union
Credit union

A credit union is a Cooperative banking financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members....
s in North America
North America

North America is the northern continent of the Americas, situated in the Earth's northern hemisphere and almost totally in the western hemisphere....
. It was founded in 1900 in Lévis, Québec
Lévis, Quebec

L?vis is a city in eastern Quebec, Canada. It is located on the south shore of the Saint Lawrence River, opposite Quebec City. A ferry links Old Quebec with Old L?vis, and two bridges, the Quebec Bridge and the Pierre Laporte Bridge, connect western L?vis with Quebec City....
 by Alphonse Desjardins
Alphonse Desjardins (co-operator)

Gabriel-Alphonse Desjardins , born in L?vis, Quebec, was the co-founder of the Caisses Populaires Desjardins , a forerunner of North American credit unions and community banks....
.

Located mostly in Québec
Quebec

Quebec , in French language, Qu?bec , is a Provinces and territories of Canada in the Central Canada and Eastern Canada regions of Canada....
 but also in Ontario
Ontario

Ontario is a Provinces and territories of Canada located in the Central Canada part of Canada, the largest by population and second largest, after Quebec, in total area....
, Manitoba
Manitoba

Manitoba is a prairie provinces in Canada, which has an area of 647,797 square kilometres and a population of 1,207,959 , with more than half located within the Winnipeg Capital Region ....
, and New Brunswick
New Brunswick

New Brunswick is one of Canada's three Maritime provinces and is the only Constitution of Canada bilingual province in the federation. The provincial capital is Fredericton....
, it is composed of 536 local caisses populaires, which serve 5.8 million members. The entire system is grouped into 11 regional federations.

Total assets at Desjardins Group reached $151.9 billion CAD in 2008, ranking it the sixth-largest financial institution
Financial institution

In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries....
 in Canada and the largest in Québec, ahead of National Bank of Canada
National Bank of Canada

National Bank of Canada is the sixth largest bank in Canada. The bank's headquarters are in Montreal, Quebec, and it has 546 branches nationwide, of which 454 are in Quebec....
. It had in 2006 over 40 000 employees and 6 500 elected and volunteer officers. In 2006, it gave its members $483 million CAD in patronage allocations and $64 million CAD in donations, sponsorships and academic scholarships. Most of the latter sum was used on regional economic development and health programs.

The Desjardins Group has over 20 subsidiaries, ranging from insurance services
Insurance

Insurance, in law and economics, is a form of risk management primarily used to Hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating los...
 (Desjardins Financial Security
Desjardins Financial Security

Desjardins Financial Security is the life and health insurance arm of Desjardins Group, the leading financial institution in Quebec and the largest cooperative financial group in Canada....
, Desjardins General Insurance), real estate
Real estate

Real estate is a law term that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is fixed in location. (Place Desjardins), venture capital funds (Desjardins Venture Capital) and brokerage services
Stock broker

A stock broker or stockbroker is a regulated professional who buys and sells share s and other security through market makers or Agency Only Firms on behalf of investors....
 (Desjardins Securities). The Desjardins Group, through its subsidiary Développement international Desjardins, is also active in over 50 developing countries through technical assistance programs and various investments.

Desjardins Group is currently expanding outside the province of Quebec
Quebec

Quebec , in French language, Qu?bec , is a Provinces and territories of Canada in the Central Canada and Eastern Canada regions of Canada....
: in 1992 it opened the Desjardins Bank in Florida
Florida

Florida is a U.S. state located in the Southeastern United States of the United States, bordering Alabama to the northwest and Georgia to the northeast....
 to cater to southbound Quebecers, particularly snowbirds
Snowbird (people)

The term Snowbird is used to describe people from the Northeastern United States, Midwestern United States, or Canada who spend a large portion of winter in warmer locales such as California, Arizona, Florida, The Carolinas, or elsewhere along the Sunbelt region of the southern and southwest United States, areas of the Caribbean, and even as...
 and retirees
Retirement

Retirement is the point where a person stops employment completely. A person may also semi-retire and keep some sort of retirement job, out of choice rather than necessity....
; this latter practice has also been adopted by a number of the banks in Canada
List of banks in Canada

This is a list of banks in Canada, including credit unions, trusts, and other financial services companies that offer banking services and may be popularly refered to as "banks"....
.

Desjardins is a member of:
  • Interac
    Interac

    Interac Association is a Canada organization linking enterprises that have proprietary computer network so that they may communicate with each other for the purpose of exchanging electronic financial transactions....
  • NYCE
    NYCE

    The New York Cash Exchange is an interbank network connecting the Automatic teller machines of various financial institutions in the United States and Canada....
     ATM Network


See also

  • Complexe Desjardins
    Complexe Desjardins

    Complexe Desjardins is a 152 m office, hotel complex and shopping mall located in Montreal, Quebec, Canada.Opened as part of a broad scheme to develop the eastern end of downtown, it is located in the quadrilateral formed by Saint Catherine Street, Saint Urbain Street, and Jeanne Mance streets, and Ren? L?vesque Boulevard ....
  • Credit union
    Credit union

    A credit union is a Cooperative banking financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members....


External links

  • website


 
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