Desjardins Credit Union
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The Desjardins Credit Union was an autonomous Ontario
credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provisi ...
whose creation was funded by the
Desjardins Group The Desjardins Group (french: Mouvement Desjardins) is a Canadian financial service cooperative and the largest federation of credit unions (french: caisses populaires) in North America. It was founded in 1900 in Lévis, Quebec by Alphonse Des ...
in a 2003 buyout of the Province of Ontario Savings Office . 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 Meridian Credit Union Ltd. is a Canadian credit union. It was formed on 1 April 2005 through the merger of Niagara Credit Union and HEPCOE Credit Union. It is insured by the Financial Services Regulatory Authority of Ontario. History Meridia ...
. A new and similarly-named institution, the
Desjardins Ontario Credit Union 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 insured by the FRSAO. The credit union has 50 branches and 130,000 ...
, was formed 1 January 2020 with the merger of 11 Ontario Desjardins-affiliated credit unions, along with its federation, into one credit union insured by the FRSAO. That credit union is a going concern, with 50 branches and 130,000 members.


References

Meridian Credit Union 2003 establishments in Ontario 2011 disestablishments in Ontario
Credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provisi ...
Canadian companies established in 2003 2011 mergers and acquisitions Banks established in 2003 Banks disestablished in 2011 {{Canada-corp-stub