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About the caisse

A financial cooperative with deep roots in the community, Caisse Desjardins des Ressources naturelles (Sept-Îles, Baie-Comeau, Montreal, Quebec City) has 6,500 members. Each caisse member is also a co-owner of the caisse.

Find out more about caisse operations.

Mission

Enrich the lives of people and communities working in the natural resources sector.

Values

Simple – High-performance – People-focused – Modern

Our cooperative difference is based on 3 principles:

  • An organization that always works in the best interest of its members and clients
  • A collective ownership model that enriches the lives of its members and communities
  • A modern and people-focused democratic governance structure

Today's Caisse Desjardins des Ressources naturelles is the result of the merger of Caisse d'économie des Mines, métaux et services publics (Côte-Nord) and Caisse d'économie Desjardins des employés d'Alcoa-Manic-McCormick.

History of Caisse d'économie des Mines, métaux et services publics (Côte-Nord)

Caisse d'économie des Mines, métaux et services publics (Côte-Nord) is the result of the merger of Caisse d'économie des travailleurs de Sept-Îles and Caisse d'économie Ore Rail Credit Union.

In 1963, at a time when Sept-Îles was experiencing an unprecedented mining boom, a group of workers from the Quebec North Shore and Labrador Railway and the Iron Ore Company established Caisse d'économie Ore Rail Credit Union, led by Jean Lamontagne.

In 1969, groups from different sectors, including Cliffs employees from Wabush Mines, founded Caisse d'économie des travailleurs de Sept-Îles. Faced with a global iron market slowdown, in 1981, the caisse merged with Caisse d'économie des travailleurs de Sept-Îles.

In 1992, the caisse created international consortium Aluminerie Alouette, which today is the largest smelter in the Americas, producing over 575,000 tons of steel and employing some 1,000 workers.

In 2013, Caisse d'économie des travailleurs de Sept-Îles changed its name to Caisse d'économie des Mines, métaux et services publics (Côte-Nord) to reflect the groups that it serves.

History of Caisse d'économie des employés d'Alcoa-Manic-McCormick

Caisse d'économie des employés d'Alcoa-Manic-McCormick was founded on November 20, 1965, by workers from Baie-Comeau's main economic sectors who wanted their own cooperative.

In 1957, Canadian British Aluminium began operating its Baie-Comeau aluminum plant, whose port and hydroelectric infrastructure was built by the Quebec North Shore Paper Company.

By 2017, the plant directly or indirectly employed about 850 people (as contractors, etc.) and produced an estimated 300,000 metric tons of aluminum annually. The plant's aluminum products are designed to be remelted.

In 2002, Caisse d'économie Reynolds-Hydro merged with Caisse d'économie McCormick and became Caisse d'économie des employés d'Alcoa-Manic-McCormick.

History of Caisse Desjardins des Ressources naturelles

During their respective special general meetings held in September 2018, members of Caisse d'économie des Mines, métaux et services publics (Côte-Nord) and Caisse d'économie des employés d'Alcoa-Manic-McCormick decided to merge as of January 1, 2019.

Today, newly formed Caisse Desjardins des Ressources naturelles has nearly 6,500 members, most of which come from the mining, metalworking, energy and forestry sectors, and operates province-wide.

In October 2020, the caisse announced that it will be creating 2 new work sites in Montreal and Quebec City for natural resources sector staff, students, newcomers and associations in major urban areas.

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