Media Release
FOR IMMEDIATE RELEASE
NEARLY 30 MILLON IN DIVIDENDS IN 7 YEARS
NORTH BAY, ON – March 31, 2025: We are pleased to report that your Caisse Alliance continues to benefit from a solid performance and a remarkable financial stability. That’s why, once again this year, the surpluses generated will be distributed to meet our commitment to members. A total of $3.3M will be distributed in the form of dividends, as follows $2,210,000 to members, $600,000 to support special projects in our communities, and $538,000 to preferred shareholders plus something new for this year, $7,000 for holders of the Member Share+ product.
Mr. Grégoire Lefebvre, Chair of the Board of Directors, explains: “Our member’s trust is the foundation of our cooperative model, and it is thanks to this trust that we can offer generous member dividends while continuing to invest in our communities. Today, our institution is more than just a financial organization – it’s a true pillar for our members and the communities of Northern Ontario. We have a great team of over 380 employees, committed to providing excellent service and contributing to the success of our cooperative.”
Once again, this year, the member dividend is calculated based on the financial services used by each member. In concrete terms, this means 5.25% on preferred shares and the Member Share+ product, 4% of interest paid on personal residential mortgages and lines of credit secured by residential mortgages (up to a maximum of $375 per account), as well as 0.075% on term deposits. Eligible members have already received a letter, or will receive one shortly, explaining the precise terms and conditions. Member dividend payments will be made during the week of April 7, 2025.
Mr. Pierre Dorval., President and CEO of Caisse Alliance, also emphasizes: “None of this would be possible without the trust and ongoing commitment of our members. We’ve built a strong relationship together, and it’s thanks to this collaboration that we’ve been able to redistribute close to 30 million since our merger in 2018. These results are the fruit of our work together and the shared vision we have for our cooperative.”
Caisse Alliance encourages its members to use their member dividend to stimulate the local economy. Investing or spending in local businesses not only supports the economy but also strengthens the ties that bind communities together. Choosing to buy local means choosing to make a difference for the region and guaranteeing its long-term prosperity.
Annual General Meeting
The Annual General Meeting (AGM) will be held on April 29, 2025, at 7 p.m. It will be held in hybrid mode, i.e., in person at the West Nipissing Community and Recreation Centre, Marcel Noël Hall, located at 219 O’Hara Street in Sturgeon Falls, and in virtual mode on the Zoom platform. An invitation will be issued in the week of April 7. Virtual participation must be confirmed in advance via our website: caissealliance.com/AGM2025. “Caisse Alliance’s Board of Directors and management team look forward to sharing the financial results, successes of 2024 and plans for the future,” says Mr. Lefebvre.
Key Facts:
Caisse populaire Alliance Limitée was established on January 1, 2018, following the merger of the 12 credit unions of L’Alliance des caisses populaires du Nord de l’Ontario.
Caisse Alliance employs over 380 employees.
Caisse Alliance has 26 branches in 24 communities in Northern Ontario.
Caisse Alliance holds over $2.58 billion in assets.
Caisse Alliance provides quality financial services to more than 55,000 members and clients.
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Media Contact
Manon Isabelle
Communications Advisor
Email: manon.isabelle@caisse.coop