The Desjardins Group is a North American association of credit unions with locations primarily concentrated in Quebec and Ontario. As of July 2015, the company has $229 billion in assets and nearly $1.6 billion in earnings. Desjardins also employs more than 45,000 people and has 7 million members.
Desjardins' business segments are divided into its wealth management and life and health insurance practice as well as its property and casualty insurance, personal banking, and business banking services. Specific offerings range from products such as checking and savings accounts, credit cards and mortgages to sales and trading and investment banking services for mergers and acquisitions, IPOs and debt issuances. Desjardins clients have access to several hundred branches and more than two thousand ATMs in Quebec and Ontario as well as online and mobile banking services.
Desjardins was ranked second in Bloomberg's World's Strongest Banks list in 2014. The company maintains a Tier 1 capital ratio as well as an A+ long-term credit rating from Standard and Poor's. As a credit union, Desjardins' Chief Executive is selected by a network of elected officers and its business model involves significant community investment through donations and scholarships. The bank also retains a stronger presence in more sparsely populated communities than many competing institutions and returns excess earnings to its members as dividends.