{"id":26542,"date":"2024-04-16T13:10:20","date_gmt":"2024-04-16T17:10:20","guid":{"rendered":"https:\/\/www.caissealliance.com\/?p=26542"},"modified":"2024-11-18T10:04:38","modified_gmt":"2024-11-18T15:04:38","slug":"26-million-in-dividends-in-6-years","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/personal\/communications-en\/26-million-in-dividends-in-6-years\/","title":{"rendered":"$26 MILLION IN DIVIDENDS IN 6 YEARS"},"content":{"rendered":"

Media Release<\/strong><\/p>\n

FOR IMMEDIATE RELEASE<\/strong><\/p>\n

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

$26 MILLION IN DIVIDENDS IN 6 YEARS<\/strong><\/p>\n

Investing here is making a difference in Northern Ontario<\/em><\/p>\n

\n

NORTH BAY, April 17, 2024<\/strong> \u2013 After its sixth year of operation, Caisse Alliance is proud to announce that it continues to post excellent results and is distributing a portion of its surpluses again this year. In 6 years, $26 million has been redistributed to its members and communities.<\/p>\n

As a result of its 2023 surpluses, dividends in the amount of $3,515,000 were distributed as follows: $2.3 million to members, $600,000 to special community projects, and $615,000 to preferred shareholders.<\/p>\n

\u201cThe strength of our capital has allowed the Board of Directors to once again distribute generous dividends. That’s great news!\u201d, states Gr\u00e9goire Lefebvre, Chairman of the Board of Directors of Caisse Alliance. \u201cOur financial cooperative recognizes its member\u2019s loyalty and enables them to participate in decision-making. Distribution was achieved equitably, from one branch to another, in both the Nipissing and Northern regions as requested by the members.\u201d<\/p>\n

The amount of the dividend paid to members depends on their use of Caisse’s financial services during the year. The calculation is made by allocating a percentage, i.e., 4% of the interest paid on personal residential mortgages and personal mortgage-secured lines of credit, up to a maximum of $375, and 0.075% on term deposits. This is one of the cooperative benefits.<\/p>\n

\u201cWith their member dividend, we invite members to encourage the local economy by supporting local businesses, because investing here matters\u201d, said Pierre Dorval, President and Chief Executive Officer of Caisse Alliance. \u201cIn six years, Caisse Alliance has made a significant difference by supporting thousands of projects that have a long-term, positive community impact. Together, let’s continue to contribute to the prosperity and growth of our regions!\u201c<\/p>\n

Invitation to the Annual General Meeting (AGM)<\/strong><\/p>\n

Members will be presented with information about their Caisse\u2019s financial position and the projects undertaken over the past year at its AGM, which will be held on Tuesday, April 23, 2024, at 7 p.m., in person at the Centre culturel La Ronde (32 Mountjoy Street N., Timmins) or virtually. To participate online, simply register at: https:\/\/us02web.zoom.us\/meeting\/register\/tZ0ucOqqqjktGNcZKAEp-LOkt76I_25tU5kW#\/registration.<\/p>\n

An amendment to the Caisse’s by-law will be submitted for ratification by the members at this meeting. For more details, please visit https:\/\/www.caissealliance.com\/en\/my-caisse\/who-we-are\/annual-general-meeting\/<\/a>.<\/p>\n

Members will be invited to a wine and cheese, meet team members, and share in the launch of a contest that will see prizes awarded to 18 lucky winners over the next few weeks. A total of $2,700 will be won in addition to a $1,000 grand prize.<\/p>\n

Proud of its leadership role in 24 communities across Northern Ontario, Caisse Alliance would like to thank its members for their continued support.<\/p>\n

– 30 –<\/p>\n

 <\/p>\n

Media Contact<\/strong><\/p>\n

Emilie Desch\u00eanes<\/p>\n

Communications Advisor<\/p>\n

Telephone: 705-465-3913<\/p>\n

Email: emilie.deschenes@caisse.coop<\/p>\n","protected":false},"excerpt":{"rendered":"

Media Release FOR IMMEDIATE RELEASE \u00a0 $26 MILLION IN DIVIDENDS IN 6 YEARS Investing here is making a difference in Northern Ontario NORTH BAY, April 17, 2024 \u2013 After its sixth year of operation, Caisse Alliance is proud to announce that it continues to post excellent results and is distributing a portion of its surpluses […]<\/p>\n","protected":false},"author":1,"featured_media":26558,"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":[169],"tags":[],"class_list":["post-26542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communiques"],"acf":[],"yoast_head":"\n$26 MILLION IN DIVIDENDS IN 6 YEARS | Caisse Alliance<\/title>\n<meta name=\"robots\" content=\"index, follow, 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