Credit unions List of banks and credit unions in Canada
branch of affinity credit union in saskatoon, saskatchewan.
the headquarters of desjardins group in montreal.
canada has strong co-operative financial services sector, consists of credit unions (caisses populaires in quebec , other french speaking regions). @ end of 2001 canada s credit union sector consisted of 681 credit unions , 914 caisses populaires, more 3,600 locations , 4,100 automated teller machines. 2012, consolidation reduced number 394 credits unions , caisses populaires outside quebec. canada has world s highest per capita membership in credit union movement, on 10 million members, or one-third of canadian population. while sector active in parts of country, strongest in western provinces , in quebec. in quebec 70 per cent of population belongs caisse populaire, while in saskatchewan close 60 per cent belongs credit union.
credit unions outside quebec
as of second quarter 2016, 320 credit unions , caisses populaires outside quebec reported combined assets of $201.4 billion, six-month increase of 4.0 per cent on fourth quarter 2015:
desjardins
most caisses populaires in quebec (and outside province) part of network operates desjardins group. desjardins group owns , operates range of subsidiaries, including securities brokerage, venture capital firm, , bank based in florida.
as of december 31, 2015, desjardins group s consolidated assets totalled $248.1 billion cad.
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