Desjardins Caisses in the Montérégie Region Provide Relief for Flood Victims

MONTREAL, May 6 /CNW Telbec/ - Following the massive flooding that has affected thousands of Desjardins caisse members, including Desjardins employees, caisses in the Montérégie region have put forward a plan to support them.

This plan includes the following provisions:

  • The deferral of payments (principal and interest) on mortgages, personal loans and lines of credit for up to four months

  • Special arrangements for local businesses, who are encouraged to contact their caisse or business centre for more information

  • A psychological assistance hotline for caisse employees who have fallen victim to the flood

  • Increased work schedule flexibility for caisse employees unable to make it to work

"The extent of the disaster in this region is such that we couldn't just sit back and watch the tragedy unfold. The flood victims, many of whom are also our own employees, have shown amazing strength of character as they face these devastating conditions. As a cooperative organization with deep roots in the community, and as a responsible employer, we at Desjardins felt the need to take action and provide the victims with some form of relief," said Daniel Dupuis, Senior Vice-President, Cooperative Network Support, Desjardins Group.

About Desjardins Group

Awarded the coveted title "Bank of the Year 2010 - Canada" by the UK magazine The Banker, Desjardins Group is the leading cooperative financial group in Canada and the sixth largest in the world, with assets of over $172 billion. Drawing on the strength of its caisse network in Québec and Ontario, and its subsidiaries across Canada, it offers a full range of financial products and services to its 5.8 million members and clients. Desjardins specializes in Wealth Management and Life and Health Insurance, in Property and Casualty Insurance, in Personal Services, in Business and Institutional Services. As one of the largest employers in the country and one of Canada's 10 Most Admired Corporate CulturesTM of 2010, Desjardins is supported by the skills of its 42,500 employees and the commitment of nearly 6,000 elected officers. For more information, visit


For further information:

Source (for journalists only):
Nathalie Genest
Media Relations
514-281-7275 or 1-866-866-7000, ext. 7275

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