Canada has the highest per-capita use of credit unions in North America, with more than a third of the population enrolled in one. They are popular in Quebec, where they are known as caisses populaires (people's banks).
As of December 31, 2010, the Caisses Populaires Desjardins federated 451 member caisses with CAD$ 172.3 billion in assets and 5.8 million retail members, making it the sixth largest financial institution in Canada.
Credit Union Central of Canada federates most credit unions in the English-speaking provinces. As of the end of 2009, the 10 affiliated systems operated 419 credit unions controlling CAD $122 billion in assets from 5.1 million retail members. In British Columbia, 46 credit unions with assets of $48 billion, serve 1.7 million people.
Famous quotes containing the words credit, unions and/or canada:
“The solar system has no anxiety about its reputation, and the credit of truth and honesty is as safe; nor have I any fear that a skeptical bias can be given by leaning hard on the sides of fate, of practical power, or of trade, which the doctrine of Faith cannot down-weigh.”
—Ralph Waldo Emerson (1803–1882)
“When Hitler attacked the Jews ... I was not a Jew, therefore, I was not concerned. And when Hitler attacked the Catholics, I was not a Catholic, and therefore, I was not concerned. And when Hitler attacked the unions and the industrialists, I was not a member of the unions and I was not concerned. Then, Hitler attacked me and the Protestant church—and there was nobody left to be concerned.”
—Martin Niemller (1892–1984)
“Though the words Canada East on the map stretch over many rivers and lakes and unexplored wildernesses, the actual Canada, which might be the colored portion of the map, is but a little clearing on the banks of the river, which one of those syllables would more than cover.”
—Henry David Thoreau (1817–1862)