Proposed merger of Chapeau and Fort Coulonge Caisse populaires

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 Lionel Tessier

FORT COULONGE – Director of the Caisse populaire of Fort-Coulonge, Stéphane Labine, confirmed that the proposed consolidation of the two branches is at the development stage.

 Lionel Tessier

FORT COULONGE – Director of the Caisse populaire of Fort-Coulonge, Stéphane Labine, confirmed that the proposed consolidation of the two branches is at the development stage.
Following the retirement of Chapeau’s director, Monique Denis, last December, the Caisse representatives reflected on the future of their institutions and a committee composed of representatives from both branches was formed to study a proposed merger.
Labine said this approach is completely legitimate given that the two Caisses share a common territory and provide similar services. Combining these two bodies into a
single institution with more members offers advantages of economy of scale and more complete services.
Results from a feasibility study will be presented to members at an information session, then the final decision to merge or not will be made by members at
an extraordinary general meeting in a few months. 
In response to concerns expressed by some members, Labine emphasized that all employees of the two Caisses will keep their positions. Both branches will continue to offer the same range of services currently offered and may, because of the size of the new larger institution, have additional services for members.
Labine will continue to manage the Caisses of Chapeau and Fort-Coulonge until the members make the final decision on the merger.             
                          (Tr. LT)