Desjardins
Desjardins is a credit union located in ON and QC. It was founded in 1900. It serves Working-class Canadians.
Desjardins is Canada’s largest cooperative financial group and is widely recognized as North America’s largest financial cooperative group. Its origins date to December 6, 1900, when the Caisse populaire de Lévis was founded in Lévis, Quebec, by Alphonse Desjardins, with support from Dorimène Desjardins.
Desjardins is owned and governed by its members, who elect representatives and participate in its democratic governance. As a cooperative, it can return surplus earnings to members and reinvest in communities rather than distribute profits to outside shareholders.
Desjardins offers personal and business banking, insurance, wealth management, and investment products. It also contributes to communities through sponsorships, scholarships, donations, and local development initiatives.
With roots in Quebec and a significant presence in Ontario, Desjardins operates as a Canadian cooperative financial institution serving members, clients, businesses, and communities.
| Metric | 2025 | YoY Change |
|---|---|---|
| Assets | $510.2B | +8.3% |
| Loans | $314.7B | +8.7% |
| Deposits | $329.5B | +9.5% |
| Mortgages + HELOCs | $198.9B | +10.5% |
| Efficiency Ratio | 71.4% | — |
| Members | 10,000,000 | — |
| Branches | 587 | — |
| Target Members | Working-class Canadians | — |
Mortgage Rates
| Lender | Term | Rate | |
|---|---|---|---|
| 4-Year Fixed | 4.39% | ||
| 5-Year Fixed | 4.49% | ||
| 5-Year Variable | 4.10% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||
GIC Rates
| Term | Rate |
|---|---|
| 1-Month | 1.70% |
| 3-Month | 1.90% |
| 6-Month | 2.20% |
| 9-Month | 2.30% |
| 1-Year | 2.70% |
| 2-Year | 3.00% |
| 3-Year | 3.10% |
| 4-Year | 3.15% |
| 5-Year | 3.35% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | |
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