| Company type | Crown agency |
|---|---|
| Industry | Banking |
| Founded | 1922 |
| Defunct | April 1, 2003 |
| Fate | Privatized and acquired by Desjardins Group |
| Successor | Desjardins Credit Union |
Area served | Ontario |
| Owner | Government of Ontario |
The Province of Ontario Savings Office (POSO) was a financial institution established by the Government of Ontario, Canada in 1922 to provide a government-owned alternative to banks. The POSO was closed in 2003 when its assets were sold to the Quebec-based Desjardins Group cooperative of caisses populaires (credit unions) to form Desjardins Credit Union.[1][2] In 2011, Desjardins Credit Unions in Ontario were transferred to Meridian Credit Union.[3]
- ^ "Desjardins to Buy Province of Ontario Savings Office". CBC.ca. 2003-01-28. Retrieved 2007-11-03.[dead link]
- ^ "Ontario Savings Office put up for sale". The Globe and Mail. July 5, 2002. Retrieved July 9, 2020.
- ^ "Desjardins Credit Union to join forces with Meridian", Meridian Credit Union news release, March 11, 2011