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Caisse merger

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.

Read the merger document (PDF, 372 KB) - This link will open in a new window.

See the merger plan details (PDF, 409 KB) - This link will open in a new window.