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You are here: Home> Personal > Caisse Desjardins des Ressources naturelles > About the caisse

About the caisse

A financial cooperative with deep roots in the community, Caisse Desjardins des Ressources naturelles has 3,400 members. Each caisse member is also a co-owner of the caisse. Find out more about caisse operations.


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Today's Caisse Desjardins des Ressources naturelles is the result of the merger of the Caisse d'économie des travailleurs de Sept-Îles and the Caisse d’économie Ore Rail Credit Union.

It was founded in 1963 by Jean Lamontagne.

In 1954, the Iron Ore Company (IOC) began mining one of the largest deposits of iron known at that time. To do this, it set up the necessary infrastructure to transport the ore by building a stretch of railway 573 km long from the mining site in Schefferville to the shipping terminal at Sept-Îles.

In 1963, at a time when Sept-Îles was experiencing an unprecedented mining boom, a group of workers from the Québec North Shore and Labrador Railway (QNSL) and the Iron Ore Company (IOC) established Caisse d'économie Ore Rail Credit Union.

In 1981, the caisse merged with Caisse d'économie des travailleurs de Sept-Îles. Founded in 1969 by groups from different sectors, this caisse included employees from Cliffs-Wabush Mines, which employed about 300 workers shipping iron ore mined in Labrador, as well as employees from the education, health and municipal utilities sectors.

In 1992, the caisse added an international consortium, Alouette, which today is the largest smelter in the Americas with a production of over 575,000 tons of steel, employing 1,000 workers. Its ultramodern facilities and expertise of its staff make this a top-notch plant and a world leader among aluminum producers.

In 2012, the caisse change dits name to reflect its dedicated group. It's now known as the Caisse d'économie des Mines, métaux et services publics (Côte-Nord).