{"id":18995,"date":"2023-03-31T15:56:46","date_gmt":"2023-03-31T19:56:46","guid":{"rendered":"https:\/\/www.caissealliance.com\/?p=18995"},"modified":"2023-04-03T08:46:15","modified_gmt":"2023-04-03T12:46:15","slug":"memberdividend","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/personal\/communications-en\/memberdividend\/","title":{"rendered":"Member dividend"},"content":{"rendered":"

PRESS RELEASE\u00a0<\/strong>
\nFOR IMMEDIATE RELEASE<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

During its past five years of operation, Caisse Alliance has returned over $23 million to its members and communities<\/span>\u00a0<\/span><\/h3>\n

\u00a0<\/span>NORTH BAY, ON – March 31, 2023: After five years of operation, <\/span>Caisse Alliance<\/span> is pleased to announce that it continues to display <\/span>good results<\/span> and enviable financial strength. To honour our members\u2019 commitment, we are once again distributing a surplus, which <\/span>represents<\/span> $3,025,000<\/span> for this past year<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span>Of this amount,<\/span> $1,885,000 <\/span>is returned <\/span>to members, $600,000 <\/span>is attributed <\/span>to special projects within our communities, and $540,000<\/span> is distributed<\/span> to preferred shareholders.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span>“In addition to this <\/span>sum<\/span> of more than $3 million, we add a little more than $1 million was provided to our communities in the form of donations and sponsorships during this same period. Today, we are even stronger, more resilient, and <\/span>above all, more<\/span> present as <\/span>a <\/span>partner for our members and our communities,” explains Mr. Gr\u00e9goire Lefebvre, <\/span>Chair<\/span> of the Board of Directors.<\/span>\u00a0<\/span><\/p>\n

This distribution varies according to the member’s use of financial services. The calculation is made by <\/span>allocating<\/span> 4% of the interest paid <\/span>on<\/span> personal residential mortgages and on lines of credit secured by residential mortgages (up to a maximum of $375 per <\/span>account<\/span>) and 0.075% on term deposits. Members eligible for<\/span> the<\/span> 2022-member<\/span> dividend<\/span> have already received a letter in the mail or will receive one in the next few days<\/span>. <\/span>The <\/span>payment <\/span>will be<\/span> made<\/span> between April 3 and 7, 2023.<\/span>\u00a0<\/span><\/p>\n

Pierre Dorval, <\/span>President<\/span> and Chief Executive Officer of the Caisse Alliance, expresses his gratitude. “None of this would be possible without the trust and participation of our members. We also have the largest and best team of approximately 350 employees who are committed to the quality of service and success of our cooperative. We are truly a NORTHERN Ontario financial institution that works FOR the people of NORTHERN Ontario.” <\/span>\u00a0<\/span><\/p>\n

Since <\/span>merging<\/span> in 2018, Caisse Alliance has redistributed <\/span>more than<\/span> $23 million to its members and communities. The Caisse invites its members to consider investing or <\/span>spending<\/span> their<\/span> member<\/span> dividend<\/span>s<\/span> locally to support our local businesses. Choosing local is important!<\/span>\u00a0<\/span><\/p>\n

Annual General Meeting\u00a0<\/strong>
\nThe Annual G<\/span>eneral Meeting (AGM) will be held on April 25, 2023, at 7:00 p.m. The meeting will be held in a hybrid mode. <\/span>Members<\/span> can attend in person at the Centre <\/span>r\u00e9gional<\/span> de Loisirs <\/span>culturels<\/span>, <\/span>located<\/span> at 7 Aurora Avenue in Kapuskasing, or <\/span>virtually on<\/span> the Zoom platform.<\/span> An invitation will be issued during the week of April 3<\/span>. <\/span>Virtual participation must be confirmed in advance through our website<\/span>: <\/span>caissealliance.com\/<\/span>en<\/span>\/2023agm.<\/span>\u00a0<\/span>
\n“The Caisse’s board of directors and management team look forward to <\/span>sharing its<\/span> financial results, <\/span>its<\/span> achievements in 2022<\/span> and future initiatives,” <\/span>says Mr. <\/span>Lefebvre.\u00a0<\/span>\u00a0<\/span>
\nIt is important to<\/span> note that the meeting will be held in French only.<\/span>\u00a0<\/span><\/p>\n

Highlights:\u00a0<\/strong>
\nCaisse <\/span>populaire<\/span> Alliance <\/span>Limit<\/span>\u00e9e<\/span> was <\/span>established<\/span> on January 1, 2018, following the merger <\/span>of the 12 <\/span>caisses<\/span> of <\/span>L’Alliance<\/span> des <\/span>caisses<\/span> populaires<\/span> du Nord de <\/span>l’Ontario<\/span>.<\/span>\u00a0<\/span>
\nCaisse Alliance employs 350 employees.<\/span>\u00a0<\/span>
\nCaisse Alliance has 27 <\/span>branches <\/span>in 24 communities in Northern Ontario.<\/span>\u00a0<\/span>
\nCaisse Alliance has assets in excess of $2.3<\/span>4<\/span> billion.<\/span>\u00a0<\/span>
\nCaisse Alliance <\/span>provides<\/span> quality financial services to approximately 50,000 members.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span>\u00a0<\/span><\/p>\n

Media Contact\u00a0<\/strong>
\nMembers of the media, to coordinate an interview, please contact<\/span>:<\/span>\u00a0<\/span>
\nManon Isabelle<\/span>\u00a0<\/span>
\nCommunications Advisor<\/span>\u00a0<\/span>
\nCaisse Alliance<\/span>\u00a0<\/span>
\nmanon.isabelle@acpol.com<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

PRESS RELEASE\u00a0 FOR IMMEDIATE RELEASE \u00a0 \u00a0NORTH BAY, ON – March 31, 2023: After five years of operation, Caisse Alliance is pleased to announce that it continues to display good results and enviable financial strength. To honour our members\u2019 commitment, we are once again distributing a surplus, which represents $3,025,000 for this past year.\u00a0\u00a0 \u00a0Of […]<\/p>\n","protected":false},"author":13,"featured_media":18973,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[185],"tags":[],"class_list":["post-18995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communications-en"],"acf":[],"yoast_head":"\nMember dividend | Caisse Alliance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caissealliance.com\/en\/personal\/communications-en\/memberdividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Member dividend | Caisse Alliance\" \/>\n<meta property=\"og:description\" content=\"PRESS RELEASE\u00a0 FOR IMMEDIATE RELEASE \u00a0 \u00a0NORTH BAY, ON – March 31, 2023: After five years of operation, Caisse Alliance is pleased to announce that it continues to display good results and enviable financial strength. 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