Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Desjardins philosophy outlined in new book
QUEBEC (3/29/12)--A book outlining the philosophy of Alfonse Desjardins, the founder of the North American credit union movement, is being launched by Canada's Desjardins Group to mark the International Year of Cooperatives.

Entitled Alphonse Desjardins: le pouvoir d'agir, the book is the work of Monique F. Leroux, president/CEO of Desjardins Group, one of three co-hosts of the 2012 International Summit of Cooperatives.

Desjardins and his wife Dorimene founded the first caisse populaire (credit union) in Levis, Quebec, Canada, in 1900.

The book uses Desjardins' thoughts to show how the cooperative model remains relevant and how it can prove invaluable in addressing challenges in 2012.

Desjardins, who made his living as a writer and never earned a cent from starting the caisses, decided to design a cooperative financial system after hearing of a man who was ordered by the court to pay $5,000 in interest fees on an initial loan of $150.

He sought advice from all over the world about how to design a cooperative financial system suited to Quebec's needs and corresponded with several French, Belgian, Italian and Swiss heads of rural savings and credit cooperatives. He spent  months poring over materials sent him, and he came up with the combined rules of European credit cooperatives with the experience of North American savings banks, Leroux' book reports

The book noted that at the dawn of the 20th century, Desjardins was well aware of the importance of international collaboration between cooperatives..

Desjardins is the namesake of the Credit Union National Association's annual Desjardins Youth and Adult Financial Education Awards.
Other Resources

RSS print
News Now LiveWire
Of $1.3B in payments through mobile devices, 90% occurred at @Starbucks stores http://t.co/MN49JR1NXK
7 hours ago
.@LoveBethpage 1st to launch mobile debit/credit card control from @COOPFS http://t.co/kuq7onGuai
8 hours ago
A booming W Okla county gets its first #creditunion @TheHEFCU See #NewsNow http://t.co/svTyMnms0X
11 hours ago
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
13 hours ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
14 hours ago