Archived - Minister Morneau Welcomes Canada's First Federal Credit Union

July 4, 2016 – Ottawa, Ontario – Department of Finance Canada

The Government of Canada is committed to a strong and competitive financial sector that helps support long-term economic growth and provides opportunities for the middle class to grow and succeed.

On July 1, 2016, the Caisse populaire acadienne ltée, with its 155,000 members, became the first federal credit union in Canada. By moving to a federal charter, it is modernizing operations and amalgamating 15 caisses and two related entities, better serving their communities in New Brunswick.

Under its new trade name, UNI Coopération financière/UNI Financial Cooperation, it will continue to finance small and medium-sized businesses and serve the financial services needs of New Brunswickers, especially in smaller communities and rural areas. As a federally regulated credit union, it will have greater flexibility to grow its business and better serve members.

Annie Donolo
Press Secretary
Office of the Minister of Finance

Paul Duchesne
Media Relations
Department of Finance Canada

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