Desjardins Group

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Desjardins Group

The Complexe Desjardins in Montreal
Company type	Cooperative
Industry	Financial services
Founded	6 December 1900 (6 December 1900) in Lévis, Quebec
Headquarters	Lévis, Quebec, Canada
Key people	Guy Cormier, President & Chief Executive Officer, Alphonse Desjardins, co-founder
Products	Banking, checking accounts, insurance, stock brokerage, investment banking, asset-based lending, consumer finance
Revenue	Can$20.32 billion (2021)[1]
Net income	Can$3.53 billion (2021)[1]
AUM	Can$91.26 billion (2021)[1]
Total assets	Can$397.09 billion (2021)[1]
Total equity	Can$33.53 billion (2021)[1]
Number of employees	53,783 (FTE, 2021)[1]
Website	desjardins.com

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 Desjardins.^[2] While its legal headquarters remains in Lévis, most of the executive management, including the CEO, is based in Montreal.^[3]

As of 2017, Desjardins Group consists of 293 local credit unions operating 1,032 points of service and serving more than seven million members and clients, mostly in the provinces of Quebec and Ontario.^[4] Desjardins Group also operates the services of the former Canadian division of State Farm which was then acquired in 2015.

In addition to retail banking, the Group has over twenty subsidiaries offering products and services related to insurance (Desjardins Financial Security, Desjardins General Insurance), real estate (with its Complexe Desjardins offices in Montreal and Quebec online estate agent DuProprio [fr]), venture capital funds (Desjardins Venture Capital), and brokerage (Desjardins Securities). The Desjardins Group, through subsidiary Développement international Desjardins, is also active in over 30 developing countries through technical assistance programs and various investments. In October 2020, Desjardins launched a social impact fund, Aequitas, which could grow to 115 millions dollars and help women and youth in developing countries.^[5]