Despite Financial crisis, the Caisse Populaire Orléans shows excellent performance
In the presence of overt 150 people, the president opened the 66th annual meeting of the Caisse populaire Orléans by thanking the administrators, directors and staff members who have contributed to the Caisse’s success over the years. He thanked the members for their trust and loyalty, noting that, because of its partners, the Caisse today is a dynamic caisse populaire with over $228 million in assets.
For the fiscal year ending on December 31, 2009, the Caisse declared net earnings of $1,326,963.
"We are pleased with the results shown by the Caisse in 2009. This solid performance will ensure we are better prepared to face the challenges awaiting us in 2010, as Canada’s economy passes through a period of uncertainty and potential difficulties. Our caisse, whose capital base has just been strengthened, has all the assets it needs to continue effectively supporting and assisting its members and the community in these difficult times. This year, as part of a shared approach by all caisses, we felt it appropriate to allocate surpluses more conservatively between reserves and dividends", stated Mr. Pierre Benoit, president of Caisse populaire Orléans.
On December 31, 2009 the Caisse’s business volume, which includes all credit, savings and investment activities dropped from $454,348,300 to $446,220,800.
Community involvement
The Caisse awarded significant financial assistance to many projects arising within the community. As such, last year, in the form of donations and sponsorships, the caisse awarded significant financial assistance of over
$60,000 to many project in the region.
Elections
Three administrators were also elected for a three-year term; namely Pierre Benoit, Danny Guilbault and Annie Rémillard. The other Board members are Marcelle Bélec, Steven Dupont, Johanne Lacombe, Serge Martel, Gisèle Savage and Germain Souligny.
Scholarship Winners
The Caisse also took the opportunity to announce the winners in its scholarship program, under which it awarded $2,000 in scholarships to four young members between the ages of 15 and 30. The recipients are Benoit Renaud, a University of Ottawa student, Hilary MacDuff, of the Cité collégiale, Julien Collin Demers of Béatrice-Desloges high school, and Philippe Robert of De la Salle high school.
Service recognition
Christiane Valade was recognized for her 30 years of loyal service in the Desjardins Movement and Lyne Dupont was recognized for her 20 years of service at the Caisse populaire Orléans.
Exercise your democratic member privileges
At the Caisse populaire Orléans, each member’s rights are exercised in a democratic and equitable manner. Regardless of your volume of business the guiding principle is “one member one vote”. As a member owner, the annual general assembly is your opportunity to : - Review annual results;
- Elect the board of directors ;
- Ask questions and express your valuable opinions regarding business direction and orientation.
Please see the Caisse's annual financial report (PDF) for more information about the 2009 fiscal year.
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