Our Caisse Desjardins de L'Île-des-Sœurs – Verdun is currently being merged with the Montreal Lithuanian Credit Union – Litas.
Since member deposits from the latter caisse represent fewer than 25% of our caisse's deposits, the Act Respecting Financial Services Cooperatives allows for a simplified merger (merger by absorption). This means that, according to the Act, our caisse's board of directors can approve the merger agreement. So, as opposed to the members of the other caisse, you won't be asked to vote during a special general meeting.
If you have any questions about the merger, please refer to the documents posted on the caisse's website or feel free to contact us directly.
The information provided here is for demonstration purposes only, and is not a substitute for professional advice.
Before making investment decisions, you are advised to speak with your caisse advisor or your account manager at a Desjardins Business centre.
The information contained in this section should in no way be considered as advice or a recommendation by Desjardins Securities Inc. or Disnat.