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Personal Home > Who are you? > Teens > Tips > Knowing the ins and outs of finance > Caisse or bank: what's the difference?
Tips
Knowing the ins and outs of finance
Financial vocabulary
Caisse or bank: what's the difference?
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Caisse or bank: what’s the difference?

Do you know the differences?

The Desjardins caisse
The bank
Nature
Financial services cooperative
Private establishment
Owners
Caisse members (you, your parents, your neighbours, etc.).
A few shareholders
Objective
The economic and social well-being of all its members and economic development of its community by, for example:
  • sponsoring events
  • donating money to a community organization
  • awarding student bursaries
Works to enrich shareholders.
Management
Each caisse is managed locally by elected officials and members.
Managed by the head office that is often located away from its clients’ community.
Participation in the annual general meeting and vote
All members can take part in their caisse’s Annual General Meeting, vote and run for the position of elected officer.
1 member=1 vote
Only shareholders can attend the bank’s Annual General Meeting.
1 share=1 vote
Distribution of surplus earnings
A portion of their surplus earnings is given back to their members and community through member dividends, when possible.
A portion of the profits is given to a small group of shareholders through dividends.

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