{"id":19313,"date":"2023-04-26T09:03:15","date_gmt":"2023-04-26T13:03:15","guid":{"rendered":"https:\/\/www.caissealliance.com\/?p=19313"},"modified":"2023-10-20T10:59:45","modified_gmt":"2023-10-20T14:59:45","slug":"caisse-alliance-agm-2023","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/personal\/communications-en\/caisse-alliance-agm-2023\/","title":{"rendered":"5th AGM for Caisse Alliance. Ensuring a sustainable future, that&#8217;s what we do!"},"content":{"rendered":"<p><iframe title=\"At Caisse Alliance, what do we do?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/iQT032uDyw0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong><a href=\"https:\/\/www.caissealliance.com\/en\/uncategorized\/message-from-the-ceo\/\">Click here<\/a><\/strong> to view the President &amp; Chief Executive Officer&#8217;s message.<\/p>\n<p style=\"text-align: right;\"><strong>MEDIA RELEASE<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>FOR IMMEDIATE RELEASE<\/strong><\/p>\n<h3><strong>5<\/strong><strong><sup>th<\/sup> <\/strong><strong>AGM: Caisse Alliance Continues to Contribute to Building a Strong and Healthy <\/strong><strong>Future for Northern Ontario Communities<\/strong><\/h3>\n<p style=\"text-align: justify;\"><strong>NORTH BAY, April 26, 2023 <\/strong>\u2013 As part of its 5<sup>th<\/sup> Annual General Meeting (AGM), held yesterday, April 25<sup>th<\/sup>, in person at Kapuskasing\u2019s Centre r\u00e9gional de Loisirs culturels and virtually via simultaneous broadcast, Caisse Alliance\u2019s management team presented a solid financial outcome for the period ending December 31, 2022. It was an opportunity for members to learn about the financial results, as well as their financial cooperative\u2019s many successes, accomplishments, and a modernization project currently underway.<\/p>\n<p style=\"text-align: justify;\"><strong>Financial Results<\/strong><\/p>\n<p style=\"text-align: justify;\">The Chair of Caisse Alliance\u2019s Board of Directors, Mr. Gr\u00e9goire Lefebvre, announced that 2022 was a strong year financially for the Caisse with assets in excess of $2.3 billion. This represents an unprecedented growth of 52% since January 1st of 2018. Before taxes and dividends, the profit was $3,530,000 despite rising interest rates. Loans to members exceeded $2 billion, and while member deposits grew at a slower pace due to the inflation rate, the year-end number was just shy of $2 billon. Mr. Lefebvre states that \u201cwe had a successful year despite the current economic climate and the Caisse\u2019s team ensured that precautionary and cost-effective measures were implemented to manage liquidity and provide for this growth\u201d.<\/p>\n<p style=\"text-align: justify;\"><strong>Dividends and Community Contributions<\/strong><\/p>\n<p style=\"text-align: justify;\">As a result of this year\u2019s profits, the Caisse returned more than $3 million to its members and communities in addition to donations and sponsorships totalling $1,093,547. Caisse Alliance continues to make significant contributions to ensure that the Northern communities remain healthy and strong. It also provides support to many organizations for projects across the region. \u201cOur cooperative spirit ensures that our prosperity is shared. Our commitment to the well-being of our members and to the vitality of our communities is at the very core of our values and objectives, affirms Pierre Dorval, President &amp; Chief Executive Officer of Caisse Alliance. We are people of the North working for the people of the North.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>Annual Report<\/strong><\/p>\n<p style=\"text-align: justify;\">Caisse Alliance\u2019s annual report is available online at caissealliance.com and in branch. A video recording of the AGM will also be broadcast on our website. Our management team remains available to answer questions from our members.<\/p>\n<p style=\"text-align: justify;\"><strong>Board of Directors and Governance<\/strong><\/p>\n<p style=\"text-align: justify;\">\u201cThe members who make up the Board of Directors come from six Northern and Nipissing regions, and this ensures that our mission, our vision and our values are consistently adhered to\u201d, states Mr. Lefebvre. During the AGM, two directors representing two regions were elected. They are Diane Macameau-Plourde (North West Region) and Martin Rancourt (North Central Region). \u201cWe wish to congratulate them and thank those who submitted their candidacies.\u201d<\/p>\n<p style=\"text-align: justify;\">\u201cHolding an election in two regions is a first since Caisse Alliance was founded five years ago, mentions Mr. Dorval. There has been a renewed interest with people taking an active role in the governance and the democratic process of our cooperative as evidenced in our regional cooperative committees and communities. We have noticed a greater participation and a desire to voice opinions. Fortunately, the decision-making ability remains here in Northern \u00a0Ontario.\u201d<\/p>\n<p style=\"text-align: justify;\">As a forward-thinking financial cooperative looking to ensure its long-term success, a full range of online products and servicesaligned with current and future realities must be offered. The President &amp; Chief Executive Officer is announcing that change is on the horizon. \u201cInnovation, autonomy, and flexibility require that we invest in our tools and practices to be more responsive and relevant with the services we offer. Our members have specific needs, and our developing project will provide us with the ability to better meet those needs. The Caisse is comprised of an avidly dedicated team of approximately 350 employees who value quality service and the success of our cooperative. We are eager to share more details at an opportune moment and explain how you can also contribute to its success.\u201d The Caisse wishes to thank all of its personal and business members for their trust. \u201cThanks to your loyalty, the Caisse attains strong growth year after year,\u201d concludes Mr. Lefebvre.<\/p>\n<p style=\"text-align: center;\">\u2013 30 \u2013<\/p>\n<p><strong>Media Contact<\/strong><\/p>\n<p>Emilie Desch\u00eanes<br \/>\nCommunications Advisor, Caisse Alliance<br \/>\nEmail: emilie.deschenes@caisse.coop<br \/>\nTelephone: 705 465-3913<\/p>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-19518 aligncenter\" src=\"https:\/\/www.caissealliance.com\/wp-content\/uploads\/Carte-image-300x214.jpg\" alt=\"\" width=\"576\" height=\"411\" srcset=\"https:\/\/www.caissealliance.com\/wp-content\/uploads\/Carte-image-300x214.jpg 300w, https:\/\/www.caissealliance.com\/wp-content\/uploads\/Carte-image-1024x731.jpg 1024w, https:\/\/www.caissealliance.com\/wp-content\/uploads\/Carte-image-768x549.jpg 768w, https:\/\/www.caissealliance.com\/wp-content\/uploads\/Carte-image-1536x1097.jpg 1536w, https:\/\/www.caissealliance.com\/wp-content\/uploads\/Carte-image-2048x1463.jpg 2048w, https:\/\/www.caissealliance.com\/wp-content\/uploads\/Carte-image-250x179.jpg 250w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click here to view the President &amp; Chief Executive Officer&#8217;s message. MEDIA RELEASE FOR IMMEDIATE RELEASE NORTH BAY, April 26, 2023 \u2013 As part of its 5th Annual General Meeting (AGM), held yesterday, April 25th, in person at Kapuskasing\u2019s Centre r\u00e9gional de Loisirs culturels and virtually via simultaneous broadcast, Caisse Alliance\u2019s management team presented a [&#8230;]<\/p>\n","protected":false},"author":13,"featured_media":19473,"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-19313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communications-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5th AGM for Caisse Alliance. 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MEDIA RELEASE FOR IMMEDIATE RELEASE NORTH BAY, April 26, 2023 \u2013 As part of its 5th Annual General Meeting (AGM), held yesterday, April 25th, in person at Kapuskasing\u2019s Centre r\u00e9gional de Loisirs culturels and virtually via simultaneous broadcast, Caisse Alliance\u2019s management team presented a [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.caissealliance.com\/en\/personal\/communications-en\/caisse-alliance-agm-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Caisse Alliance\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-26T13:03:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-20T14:59:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.caissealliance.com\/wp-content\/uploads\/MicrosoftTeams-image-1-1-scaled-e1682704369869.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1446\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Manon Isabelle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manon Isabelle\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/communications-en\\\/caisse-alliance-agm-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/communications-en\\\/caisse-alliance-agm-2023\\\/\"},\"author\":{\"name\":\"Manon Isabelle\",\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/#\\\/schema\\\/person\\\/675bce8521fe5433058596d9561e40de\"},\"headline\":\"5th AGM for Caisse Alliance. 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