Caisse d’économie solidaire Desjardins (Canada)

The Caisse d’économie solidaire Desjardins was created by the merger of eight savings banks. Its origins are to be found in 1923 when the Montreal Popular Caisse of Catholic Trade Unions was created.

The Caisse d’économie solidaire Desjardins is not only a banking institution specializing in social economy but is the only one to deal exclusively with this issue. The philosophy behind it is to be found in the deep motivation for social aspects. The distinctive feature of the Caisse d’économie solidaire Desjardins is that its main objective is not making a profit but meeting needs.

Since its creation on February 24th 1971 the Caisse d’économie solidaire Desjardins defined itself along the positive values deep in human beings: sharing, generosity, creativity and a community spirit.

In a sense, what motivates it to continue is that “being the agents behind our own growth continues, after 35 years, giving a sense to our actions”.

Through its financial services and assessment and through the values they believe in, through the ideas they promote and through the skills they combine they pursue the following objectives:

  • Supporting the development of solidarity-based economy by constructing a collective entrepreneurial tissue with four main networks: a trade union network, a community network or associative network, a cooperation network and a cultural network,
  • Offering advice to its customers on personal financial management in a careful and socially responsible way.
  • Contributing, together with other national and international actors, to the development of solidarity-based finances.

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