As part of Your Transition to Meridian, your accounts now follow Meridian’s Membership structure.
Members who had multiple Folios at any one Desjardins Credit Union branch have been transitioned into one Membership. This Membership contains all of the products from the multiple Folios. If you had Folios at different branches, they have been transitioned as separate Memberships. Multiple Memberships may be consolidated upon request.
Some key features of Meridian’s Membership Structure include:
At Meridian, all Members are required to hold either five $5 shares (adults) for a total of $25 or two $5 shares (youths) for a total of $10. As a former Desjardins Credit Union Member, your existing shares were transitioned and you received a share top-up during transition to ensure you have five $5 shares (adults) or two $5 shares (youths). This top-up was funded by Meridian.
Holding these Membership Shares entitles you to full Membership privileges including the right to cast a vote for Director Elections and Special Resolutions.
If you have any questions regarding Meridian’s Membership structure or shares, please contact your branch or call 1-866-592-2226.