Merging of the Caisse Desjardins de Stanstead and the Caisse Desjardins du Lac-memphrémagog
The members of Caisse Desjardins de Stanstead have voted at 97 % in favor of the merging project, which has been presented to them during the Special General Meeting held on September 11.
The new Caisse Desjardins du Lac-- Memphrémagog will officially open on January 1, 2013, following the
Autorité des marchés financiers’ approval. More than 4 400 members will join the 30 600 members of the current Caisse Desjardins du Lac-Memphrémagog, which will manage more than 711 million in assets and 1,3 billion in volume of business.
This project will promote an inviting institution for the Human Resources, which will be a competitive advantage in the region. Moreover, the new Caisse will keep developing professional skills in order to offer high quality and specialized financial services to its members.
This new financial cooperative will actively participate in the development of the community, especially with the help of its Community development fund.
This decision will have few impacts on the current Caisse Desjardins de Stanstead’s members. If required, additional information regarding technical modifications will be sent to them in the upcoming months.
Being convinced that this merging is the answer to the future’s challenges, it is with great pride that the executive members welcome the members’ decision.