{"id":31552,"date":"2025-03-31T11:45:26","date_gmt":"2025-03-31T15:45:26","guid":{"rendered":"https:\/\/www.caissealliance.com\/?p=31552"},"modified":"2025-04-01T08:38:29","modified_gmt":"2025-04-01T12:38:29","slug":"nearly-30-millions-in-dividends-in-7-years","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/uncategorized\/nearly-30-millions-in-dividends-in-7-years\/","title":{"rendered":"NEARLY 30 MILLION IN DIVIDENDS IN 7 YEARS"},"content":{"rendered":"<p style=\"text-align: right;\"><strong>Media Release<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>FOR IMMEDIATE RELEASE<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>NEARLY 30 MILLON IN DIVIDENDS IN 7 YEARS\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\">NORTH BAY, ON \u2013 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\u2019s 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.<\/p>\n<p style=\"text-align: justify;\">Mr. Gr\u00e9goire Lefebvre, Chair of the Board of Directors, explains: \u201cOur member\u2019s 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 \u2013 it\u2019s 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.\u201d<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\">Mr. Pierre Dorval., President and CEO of Caisse Alliance, also emphasizes: \u201cNone of this would be possible without the trust and ongoing commitment of our members. We\u2019ve built a strong relationship together, and it\u2019s thanks to this collaboration that we\u2019ve 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.\u201d<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\"><strong>Annual General Meeting<\/strong><br \/>\nThe 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 No\u00ebl Hall, located at 219 O\u2019Hara 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: <a href=\"https:\/\/www.caissealliance.com\/AGM2025\">caissealliance.com\/AGM2025<\/a>. \u201cCaisse Alliance\u2019s Board of Directors and management team look forward to sharing the financial results, successes of 2024 and plans for the future,\u201d says Mr. Lefebvre.<\/p>\n<p><strong>Key Facts:<\/strong><br \/>\nCaisse populaire Alliance Limit\u00e9e was established on January 1, 2018, following the merger of the 12 credit unions of L\u2019Alliance des caisses populaires du Nord de l\u2019Ontario.<br \/>\nCaisse Alliance employs over 380 employees.<br \/>\nCaisse Alliance has 26 branches in 24 communities in Northern Ontario.<br \/>\nCaisse Alliance holds over $2.58 billion in assets.<br \/>\nCaisse Alliance provides quality financial services to more than 55,000 members and clients.<\/p>\n<p style=\"text-align: center;\">\u2013 30 \u2013<\/p>\n<p>Media Contact<br \/>\nManon Isabelle<br \/>\nCommunications Advisor<br \/>\nEmail: manon.isabelle@caisse.coop<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Media Release FOR IMMEDIATE RELEASE &nbsp; NEARLY 30 MILLON IN DIVIDENDS IN 7 YEARS\u00a0 NORTH BAY, ON \u2013 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\u2019s why, once again this year, the surpluses generated will be distributed to [&#8230;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","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":[2,126],"tags":[],"class_list":["post-31552","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-caisse"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NEARLY 30 MILLION IN DIVIDENDS IN 7 YEARS | 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\/uncategorized\/nearly-30-millions-in-dividends-in-7-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEARLY 30 MILLION IN DIVIDENDS IN 7 YEARS | Caisse Alliance\" \/>\n<meta property=\"og:description\" content=\"Media Release FOR IMMEDIATE RELEASE &nbsp; NEARLY 30 MILLON IN DIVIDENDS IN 7 YEARS\u00a0 NORTH BAY, ON \u2013 March 31, 2025: We are pleased to report that your Caisse Alliance continues to benefit from a solid performance and a remarkable financial stability. 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