2020 fiscal year highlights
- Business volume of $5.05 billion
- Loan portfolio of $2.07 billion
- Surplus earnings before member dividends $24.2 million
- Member dividends of $4.2 million
Caisse Desjardins du Centre-nord de Montréal held its annual general meeting online on April 8, 2021. It was an opportunity for members to go over the caisse’s financial results for the previous year. Members then had four days to vote on dividends and elect members to the board of directors.
With business under management totalling $5.05 billion, up 10% compared to 2019, we’re well positioned in our market. Surplus earnings before member dividends were $24.2 million, an increase of 2.4%.
Thanks to this strong performance, the caisse gave back $520,700 to members and the community, including $387,979 through its community development fund and $132,721 in sponsorships and grants. Click here to discover some initiatives we supported during the year.
From April 9 to 12, members had the chance to make their voices heard by voting online on the surplus earnings distribution plan recommended by the board of directors, as well as on new board members.
The plan was approved, and a total of $4.2 million will be returned to caisse members and the community, including $3.9 million in the form of individual member dividends. And to help enrich our community by supporting more meaningful projects, we will contribute $300,000 to the Community Development Fund.
There were 5 open seats on the caisse board of directors. The election was held in the days following the annual general meeting. Here are the directors that were elected: Alizée Vautrin, Annie Aubertin, Julien Michaud, Marie-Ève Gadbois and Marie-Joëlle Carbonneau.
With $2.4 billion in overall assets, Caisse Desjardins du Centre-nord de Montréal actively contributes to the economic and social development of some 65,000 members and the local community. We would like to thank our members for putting their trust in us, which allows us to contribute to improving the economic and social well-being of people and communities.